Bank of Sharjah leads a USD 500 mln Green Sukuk for Omniyat
In response to the successful closure of this transaction, Mr. Mohamed Khadiri, CEO of Bank of Sharjah, commented: 'While Omniyat has previously tapped the loan markets, this Sukuk issuance marks a strategic milestone as its first foray into the Debt Capital Markets. Completing this landmark transaction amid volatile market conditions is a testament to Omniyat's solid business fundamentals and the market's confidence in its long-term vision.'
Mr. Khadiri continued: 'We are very pleased to count Omniyat among our valued corporate clients. This transaction is the beginning of a longstanding and mutually beneficial partnership. Our participation also reaffirms Bank of Sharjah's ongoing commitment to advancing sustainable finance initiatives in alignment with our Environmental, Social and Governance (ESG) framework and principles.'
Mr. Damian White, Chief Treasury Officer at Bank of Sharjah, added: 'This Green Sukuk issuance represents a significant step in broadening the services and value that the Bank delivers to our customers. We are very pleased to have been part of Omniyat's inaugural sukuk issuance, and the success of the transaction underscores Omniyat's strong market positioning and execution strategy.'
The successful completion of this high-profile transaction reinforces Bank of Sharjah's role as a trusted advisor and lead arranger in the region's evolving capital markets, while also stipulating the increasing importance of sustainable finance in the GCC and beyond.
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