“MAF lists world’s first benchmark corporate Green Sukuk” – Zawya – May 15, 2019

On May 15, 2019 Zawya reported that “Majid Al Futtaim (MAF) on Wednesday marked the listing of the world’s first benchmark corporate Green Sukuk, and the first Green Sukuk issued by a corporate in the (Gulf) region.

Valued at $600 million and with a tenor of 10 years, the Green Sukuk is testament to Majid Al Futtaim’s long term commitment to support the transition to a low carbon economy. The investment will be used to finance and refinance Majid Al Futtaim’s existing and future green projects, including green buildings, renewable energy, sustainable water management, and energy efficiency.

To mark the occasion, Alain Bejjani, CEO at Majid Al Futtaim – Holding, rang the market-opening bell at Nasdaq Dubai, in the presence of Essa Kazim, governor of Dubai International Financial Centre (DIFC) and chairman of Dubai Islamic Economy Development Centre (DIEDC), and Hamid, Ali, chief executive of Nasdaq Dubai.”

You may read the article on the Zawya internet site.