OMNIYAT, a renowned name in Dubai’s ultra-luxury real estate sector, has officially announced the successful listing of its first-ever green sukuk on NASDAQ Dubai.
The company raised an impressive $500 million through this three-year Islamic finance instrument. This significant transaction marks OMNIYAT’s debut in international debt capital markets while reinforcing its strategic focus on long-term financial stability and sustainable growth.
Strong Investor Interest Drives Oversubscription 📈
The issuance garnered robust interest from both regional and global investors, with the order book being oversubscribed by 3.6 times—reaching a total of $1.8 billion. The green sukuk certificates were priced at a spread of 461.7 basis points over the three-year US Treasury benchmark, offering investors a profit rate of 8.375 percent.
Financing Sustainability-Driven Developments 🌱
The proceeds from the green sukuk will be allocated under OMNIYAT’s Green Financing Framework. This framework adheres strictly to the 2021 Green Bond Principles (GBP) by the International Capital Market Association (ICMA), aligning with global standards and ensuring transparency for investors.
“This bell-ringing ceremony marks more than a financial achievement—it reflects OMNIYAT’s ongoing dedication to sustainable progress and ethical investment,” stated Mahdi Amjad, Founder and Executive Chairman of OMNIYAT. “The green sukuk’s successful launch underlines our philosophy that financial returns and environmental impact can go hand in hand. The overwhelming demand and successful closure confirm the rising interest in investment tools that promote both economic and environmental goals.”
He continued, “Listing our green sukuk on NASDAQ Dubai—an international exchange known for its world-class standards—grants us unmatched visibility and access to global investors. We are grateful to the NASDAQ Dubai team for their critical support throughout this process. This exchange offers the ideal infrastructure to connect with capital markets regionally and internationally, supporting our vision for growth.”
Backed by Stable Credit Ratings and Strategic Developments 🏗️📊
The sukuk listing follows OMNIYAT’s BB– long-term credit rating from S&P Global, as well as a BB– Long-Term Issuer Default Rating (IDR) from Fitch Ratings. Both agencies have assigned a stable outlook.
OMNIYAT continues to strengthen its position in the ultra-luxury real estate sector, backed by its distinct business model and prime developments in iconic locations like Palm Jumeirah and Business Bay. These strategic investments consistently attract ultra-high-net-worth global buyers, solidifying the company’s leadership in Dubai’s luxury property market.
