Nasdaq Dubai welcomes $500m Green Sukuk listing by OMNIYAT

Nasdaq Dubai on Monday welcomed a $500 million Green Sukuk by OMNIYAT, a leading Dubai-based real estate developer.

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The three-year Sukuk, maturing on May 6th, 2028, was issued under a $1 billion Trust Certificate Issuance Programme and carries a profit rate of 8.375 per cent.

The Sukuk will support the development of environmentally sustainable real estate projects across OMNIYAT's portfolio, with a focus on energy efficiency, sustainable construction and environmental performance.

The issuance attracted strong demand from regional and international investors, with initial price thoughts around 8 per cent tightening to the final rate, underscoring investor confidence in OMNIYAT’s strategy and Dubai's real estate sector.

Mahdi Amjad, Founder and Executive Chairman of OMNIYAT, rang the market opening bell on behalf of the company at Nasdaq Dubai to celebrate the listing in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).

Mahdi Amjad said, “Today's bell ringing marks more than just a financial milestone, it signals OMNIYAT's long-term commitment to sustainable growth and responsible investment. The successful launch of this green sukuk reflects our belief that profitability and positive environmental impact are intertwined. The oversubscription and subsequent successful issuance are a testament to the growing appetite for investment vehicles that drive both economic growth and sustainable outcomes.