ADIB awarded with Global Financial Institution Award for Sukuk Deal of the Year at Bonds, Loans & Sukuk Middle East 2024
Date
6/11/2024 7:43:37 AM
(MENAFN- Edelman) Abu Dhabi, 06 June 2024: Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, announces its role as an ESG partner at this year’s Bonds, Loans & Sukuk Middle East conference, the largest corporate and investment banking event in the Middle East. Additionally, the bank has secured the Global Financial Institution Sukuk Deal of the Year award for its landmark $750 million dollar-denominated additional tier-one (AT1) perpetual sukuk issuance in 2023. This accolade highlights ADIB’s exceptional dedication and expertise in navigating market complexities delivering outstanding results.
ADIB's participation as an ESG sponsor underscores its commitment to building a sustainable future and promoting ethical banking practices. With a comprehensive agenda, ADIB is actively contributing to the region's transition to a more environmentally conscious and socially responsible financial landscape.
Mohamed Abdelbary, Acting Group Chief Executive Officer, ADIB, said, “We are delighted to receive this exceptional award for the issuance of the USD 750 million tier-one perpetual sukuk. We were so pleased to see the high demand for this issuance as we exceeded the initial offer by more than nine times, highlighting the tremendous demand and confidence from investors in ADIB's asset quality. The overall success of this raise can be attributed to our strong track record of both growing market share and delivering sustainable returns."
This year, ADIB’s representative took part in a panel discussion on the topic of ‘How are GCC banks managing liquidity and different sources of funding?’ spotlighting ADIB’s recent achievements and strategic approaches to liquidity management, funding optimization, and the integration of ESG principles into banking operations.
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