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Abu Dhabi First Bank Launches Green Bonds Worth AED 1.3 Billion

“The Abu Dhabi Securities Exchange announced today the listing of green bonds worth 1.3 billion dirhams issued by Abu Dhabi First Bank. This marks the fifth listing of a green debt instrument on the Abu Dhabi Securities Exchange.

Abu Dhabi First Bank is the largest bank in the United Arab Emirates and one of the world’s largest financial institutions, with total assets reaching 1.2 trillion Emirati dirhams.

This move, the largest of its kind for bonds denominated in the Emirati dirham, aims to support the UAE’s goals in promoting a green, diversified, and sustainable economy. Abdullah Salim Al Nuaimi, the CEO of the Abu Dhabi Securities Exchange, praised the listing, confirming the market’s commitment to green investments and sustainable finance.

In her comments on the listing, Hanaa Al Rostamani, the CEO of Abu Dhabi First Bank, stated, “This listing represents a significant achievement in the green finance and Islamic finance sectors in the United Arab Emirates, providing many investment opportunities that will have positive social and environmental impacts.”

She added that Abu Dhabi First Bank is a leader in sustainable finance in the region, highlighting its launch of the first green bonds in 2017 and the current issuance of the first green debt instrument denominated in dirhams. She emphasized that listing these bonds on the Abu Dhabi Securities Exchange enhances Abu Dhabi’s position as a global financial center and an innovation platform in capital markets.

It is worth noting that last month, the Abu Dhabi Securities Exchange listed green bonds worth 750 million US dollars from the Abu Dhabi Future Energy Company, following the listing of green bonds by the Abu Dhabi National Energy Company and the Sweihan Photovoltaic Company in previous instances.”



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