OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai
- Business Companies Regional Sukuk
Global Business Magazine- 5 minutes read
OMNIYAT, a leading Dubai-based real estate developer, has issued its inaugural $500 million Green Sukuk on Nasdaq Dubai. The three-year Sukuk, maturing on 6 May 2028, was issued under a $1 billion Trust Certificate Issuance Programme and carries a profit rate of 8.375%.
With this listing, the total value of ESG-linked debt instruments on Nasdaq Dubai has reached $29.6 billion, representing a growing share of the exchange’s debt market. Green instruments account for over 60% of ESG listings, highlighting strong regional momentum toward sustainable capital markets.
The total value of Sukuk listed on Nasdaq Dubai now stands at $96.2 billion, while the overall value of debt instruments on the exchange exceeds $138 billion.
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% tightening to the final rate, underscoring investor confidence in OMNIYAT’s strategy and Dubai’s real estate sector.
Founder and Executive Chairman of OMNIYAT Mahdi Amjad, 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).
Responsible Investment
Speaking on the occasion, Mahdi Amjad said that the bell ringing marked more than just a financial milestone, and signalled the company’s long-term commitment to sustainable growth and responsible investment.
“The successful launch of the 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,” he said.
Hamed Ali said that OMNIYAT’s Green Sukuk listing is a strong addition to Nasdaq Dubai’s ESG and Islamic finance ecosystem. It reflects the growing role of the private sector in advancing sustainable finance and adds further depth to the market.
“We are pleased to support OMNIYAT’s capital markets journey and look forward to further collaboration as they continue to expand their impact,” he said.
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.
About OMNIYAT
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. https://www.omniyat.com/
OMNIYAT is a leading, homegrown visionary developer influencing the aesthetic, cultural, and economic footprint of Dubai.
By mastering “The Art of Elevation” and merging ultra-luxury with curated living, it delivers bespoke designs and experiences encasing residential, hospitality, and retail spaces.
OMNIYAT’s philosophy lies in pushing the artistic boundaries of design, craft, and excellence to elevate the human experience. It has delivered iconic masterpieces such as The Opus, One at Palm Jumeirah, ORLA and The Lana.
