Latest news with #ICMAGreenBondPrinciples
Web Release
12-05-2025
- Business
- Web Release
OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai
By Editor_wr On May 12, 2025 OMNIYAT, Dubai's leading ultra-luxury real estate developer, has successfully listed its inaugural green sukuk on NASDAQ Dubai. OMNIYAT raised USD 500 million through a 3-year Islamic offering. This transaction marks their entry into the international debt capital markets and reaffirms its commitment to long-term financial strength and sustainable development. The green sukuk was met with strong demand from international and regional investors, with the order book oversubscribed 3.6x times, reaching USD 1.8 billion. The green sukuk certificates were priced at a spread of 461.7 basis points over the 3-year US Treasury yield and carry a profit rate of 8.375%. The proceeds from the issuance will be used in line with OMNIYAT's Green Financing Framework to primarily finance investments in sustainable development. This framework is fully aligned with the ICMA Green Bond Principles (GBP) 2021, ensuring international best practice and investor transparency. Mahdi Amjad, Founder & Executive Chairman at OMNIYAT, commented: '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 is a testament to the growing appetite for investment vehicles that drive both economic growth and sustainable outcomes. We are proud to list our green sukuk on NASDAQ Dubai, a world-class international exchange that offers unparalleled visibility, transparency, and connectivity to global investors. We thank the NASDAQ Dubai team for their invaluable support throughout this journey. This platform provides the ideal infrastructure to facilitate seamless market access and supports our ambition to deepen engagement with both regional and international capital markets.' The issuance follows OMNIYAT'S 'BB-' long-term credit rating assigned by S&P Global and a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' by Fitch Ratings, with both rating agencies assigning a stable outlook. OMNIYAT's business model, underpinned by strategic developments in prime locations such as Palm Jumeirah and Business Bay, has enabled them to capture consistent demand from ultra-high-net-worth international buyers and reinforce its leading position in the ultra-luxury real estate market in Dubai. OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai Comments are closed.
Yahoo
12-05-2025
- Business
- Yahoo
OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai
DUBAI, United Arab Emirates, May 12, 2025--(BUSINESS WIRE)--OMNIYAT, Dubai's leading ultra-luxury real estate developer, has successfully listed its inaugural green sukuk on NASDAQ Dubai. OMNIYAT raised USD 500 million through a 3-year Islamic offering. This transaction marks their entry into the international debt capital markets and reaffirms its commitment to long-term financial strength and sustainable development. The green sukuk was met with strong demand from international and regional investors, with the order book oversubscribed 3.6x times, reaching USD 1.8 billion. The green sukuk certificates were priced at a spread of 461.7 basis points over the 3-year US Treasury yield and carry a profit rate of 8.375%. The proceeds from the issuance will be used in line with OMNIYAT's Green Financing Framework to primarily finance investments in sustainable development. This framework is fully aligned with the ICMA Green Bond Principles (GBP) 2021, ensuring international best practice and investor transparency. Mahdi Amjad, Founder & Executive Chairman at OMNIYAT, commented: "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 is a testament to the growing appetite for investment vehicles that drive both economic growth and sustainable outcomes. "We are proud to list our green sukuk on NASDAQ Dubai, a world-class international exchange that offers unparalleled visibility, transparency, and connectivity to global investors. We thank the NASDAQ Dubai team for their invaluable support throughout this journey. This platform provides the ideal infrastructure to facilitate seamless market access and supports our ambition to deepen engagement with both regional and international capital markets." The issuance follows OMNIYAT's 'BB-' long-term credit rating assigned by S&P Global and a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' by Fitch Ratings, with both rating agencies assigning a stable outlook. OMNIYAT's business model, underpinned by strategic developments in prime locations such as Palm Jumeirah and Business Bay, has enabled them to capture consistent demand from ultra-high-net-worth international buyers and reinforce its leading position in the ultra-luxury real estate market in Dubai. Source: AETOSWire View source version on Contacts Celine Aswad (+971)56-536-4322Omniyat@ Sign in to access your portfolio
Business Wire
12-05-2025
- Business
- Business Wire
OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai
DUBAI, United Arab Emirates--(BUSINESS WIRE)--OMNIYAT, Dubai's leading ultra-luxury real estate developer, has successfully listed its inaugural green sukuk on NASDAQ Dubai. OMNIYAT raised USD 500 million through a 3-year Islamic offering. This transaction marks their entry into the international debt capital markets and reaffirms its commitment to long-term financial strength and sustainable development. The green sukuk was met with strong demand from international and regional investors, with the order book oversubscribed 3.6x times, reaching USD 1.8 billion. The green sukuk certificates were priced at a spread of 461.7 basis points over the 3-year US Treasury yield and carry a profit rate of 8.375%. The proceeds from the issuance will be used in line with OMNIYAT's Green Financing Framework to primarily finance investments in sustainable development. This framework is fully aligned with the ICMA Green Bond Principles (GBP) 2021, ensuring international best practice and investor transparency. Mahdi Amjad, Founder & Executive Chairman at OMNIYAT, commented: '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 is a testament to the growing appetite for investment vehicles that drive both economic growth and sustainable outcomes. 'We are proud to list our green sukuk on NASDAQ Dubai, a world-class international exchange that offers unparalleled visibility, transparency, and connectivity to global investors. We thank the NASDAQ Dubai team for their invaluable support throughout this journey. This platform provides the ideal infrastructure to facilitate seamless market access and supports our ambition to deepen engagement with both regional and international capital markets.' The issuance follows OMNIYAT's 'BB-' long-term credit rating assigned by S&P Global and a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' by Fitch Ratings, with both rating agencies assigning a stable outlook. OMNIYAT's business model, underpinned by strategic developments in prime locations such as Palm Jumeirah and Business Bay, has enabled them to capture consistent demand from ultra-high-net-worth international buyers and reinforce its leading position in the ultra-luxury real estate market in Dubai.
Associated Press
12-05-2025
- Business
- Associated Press
OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai
DUBAI, United Arab Emirates--(BUSINESS WIRE)--May 12, 2025-- OMNIYAT, Dubai's leading ultra-luxury real estate developer, has successfully listed its inaugural green sukuk on NASDAQ Dubai. OMNIYAT raised USD 500 million through a 3-year Islamic offering. This transaction marks their entry into the international debt capital markets and reaffirms its commitment to long-term financial strength and sustainable development. This press release features multimedia. View the full release here: Mahdi Amjad, Founder and Executive Chairman of OMNIYAT, alongside Hamed Ali, CEO of Nasdaq Dubai and DFM, and OMNIYAT's Advisory Board - (Photo: AETOSWire) The green sukuk was met with strong demand from international and regional investors, with the order book oversubscribed 3.6x times, reaching USD 1.8 billion. The green sukuk certificates were priced at a spread of 461.7 basis points over the 3-year US Treasury yield and carry a profit rate of 8.375%. The proceeds from the issuance will be used in line with OMNIYAT's Green Financing Framework to primarily finance investments in sustainable development. This framework is fully aligned with the ICMA Green Bond Principles (GBP) 2021, ensuring international best practice and investor transparency. Mahdi Amjad, Founder & Executive Chairman at OMNIYAT, commented: '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 is a testament to the growing appetite for investment vehicles that drive both economic growth and sustainable outcomes. 'We are proud to list our green sukuk on NASDAQ Dubai, a world-class international exchange that offers unparalleled visibility, transparency, and connectivity to global investors. We thank the NASDAQ Dubai team for their invaluable support throughout this journey. This platform provides the ideal infrastructure to facilitate seamless market access and supports our ambition to deepen engagement with both regional and international capital markets.' The issuance follows OMNIYAT's 'BB-' long-term credit rating assigned by S&P Global and a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' by Fitch Ratings, with both rating agencies assigning a stable outlook. OMNIYAT's business model, underpinned by strategic developments in prime locations such as Palm Jumeirah and Business Bay, has enabled them to capture consistent demand from ultra-high-net-worth international buyers and reinforce its leading position in the ultra-luxury real estate market in Dubai. Source:AETOSWire View source version on CONTACT: Celine Aswad (+971)56-536-4322 [email protected] KEYWORD: IRELAND UNITED KINGDOM EUROPE UNITED ARAB EMIRATES MIDDLE EAST INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SUSTAINABILITY ENVIRONMENT FINANCE SOCIALLY RESPONSIBLE INVESTING PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE SOURCE: OMNIYAT Copyright Business Wire 2025. PUB: 05/12/2025 07:50 AM/DISC: 05/12/2025 07:49 AM
Zawya
05-05-2025
- Business
- Zawya
OMNIYAT raises USD 500mln with inaugural green sukuk to support growth and progress sustainability strategy
OMNIYAT successfully prices a 3-year USD 500 million green sukuk Dubai, UAE: OMNIYAT, Dubai's leading ultra-luxury real estate developer, has successfully priced its inaugural green sukuk issuance, raising USD 500 million through a 3-year Islamic offering. This transaction marks the Company's entry into the international debt capital markets and reaffirms its commitment to long-term financial strength and sustainable development. The sukuk will be listed and traded on Nasdaq Dubai and on the London Stock Exchange's International Securities Market (ISM). The sukuk was met with very strong demand from international and regional investors, with the order book oversubscribed 3.6x times, reaching USD 1.8 billion. The proceeds from the issuance will be used in line with OMNIYAT's Green Financing Framework to primarily finance investments in sustainable development. This framework is fully aligned with the ICMA Green Bond Principles (GBP) 2021, ensuring international best practice and investor transparency. Mahdi Amjad, Founder & Executive Chairman at OMNIYAT, commented: ' Our debut into the international debt capital markets with a green sukuk is a major milestone for OMNIYAT. It underscores our commitment to sustainability, prudent capital management, and delivering long-term value to our stakeholders. The overwhelming investor interest validates confidence in our strategy, brand strength, and the fundamentals of the Dubai luxury real estate market. We are deeply grateful to our banking partners for their instrumental role in delivering such a successful outcome. As we look to the future, sustainability sits at the core of our development philosophy. This green financing instrument aligns with this vision by supporting high-performance, environmentally efficient projects across our portfolio.' The issuance follows OMNIYAT'S 'BB-' long-term credit rating assigned by S&P Global and a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' by Fitch Ratings, with both rating agencies assigning a stable outlook. This reflects OMNIYAT's strong brand, leadership in the high-end residential segment, and a robust order backlog, which is expected to support predictable revenue growth and deleveraging over the next two years. OMNIYAT's business model, underpinned by strategic developments in prime locations such as Palm Jumeirah and Business Bay, has enabled the Company to capture consistent demand from high-net-worth international buyers and reinforce its leading position in the ultra-high-end luxury real estate market in Dubai. Abu Dhabi Commercial Bank, Citi, Dubai Islamic Bank, Emirates NBD Capital, J.P. Morgan, Mashreq and Standard Chartered Bank acted as Joint Global Coordinators. Those banks along with Ajman Bank, Bank of Sharjah, Commercial Bank of Dubai, First Abu Dhabi Bank, Kamco Invest, RAKBANK, Sharjah Islamic and Warba Bank acted as Joint Lead Managers and Bookrunners for the issuance.
