Insert blue bonds for $ 100 million from Dubai World Ports in Nasdaq Dubai

NASDAC Dubai welcomed the inclusion of the first blue category bonds for companies in the Middle East and North Africa region, with a value of $ 100 million, issued by the DP World Ports Group “DPDDRID”, the pioneering provider of logistical services and integrated smart supply chains solutions.

This version comes within the framework of the group of medium -term bonds at a value of $ 10 billion, which is due in 2029 with a return of 5.250%.

The bonds were priced by 99.6 basis points above the prices of US Treasury bonds, and this represents the least price difference ever in the bond market or sukuk from the Dubai World Group.

This version reflects the strong and increasing commitment in the region to sustainable financing, as the revenue revenue will be devoted to financing vital projects that include maritime transport, infrastructure of ports and positive water initiatives.

The sixth goal of the United Nations goals for sustainable development
This version will directly contribute to achieving the sixth goal of the United Nations goals for sustainable development “clean water and sanitation services” and the fourteenth goal “Life underwater”, by bridging the wide gap in financing sustainable initiatives related to the seas and water, which will enhance the Nasdaq Stock Exchange’s position Dubai as a leading platform for innovative financial tools related to sustainability, environmental and social practices and governance.

This listing also contributes to strengthening the role of the Dubai International Financial Center as a sustainable finance center.

NASDAC Dubai’s publications related to sustainability, environmental and social practices and governance currently include many green bonds and bonds related to sustainability, and now the first blue category bonds.

The current total value of the debt tools in NASDAC Dubai is 137 billion dollars, of which $ 29 billion in sustainability, environmental and social practices and governance.

In celebration of the listing, Sultan Ahmed bin Salim, Chairman and CEO of Dubai Ports World Group, the Picks of the Bell, the opening session of Nasdaq Dubai, along with Abdul Wahid Al -Fahim, Chairman Dubai Financial.

Enhancing economic growth
Sultan Ahmed bin Salim, Chairman and CEO of Dubai Ports World Group said: This achievement highlights our commitment to enhancing economic growth in parallel with the protection of marine environmental systems that are vital for the flow of global trade movement and for the future of future generations, and represents the inclusion of our first blue bonds is an advanced step On the Dubai World Ports Group trip towards promoting sustainable growth and innovation in the global supply chain, and by directing funds towards important initiatives in the field of the marine and water environment, our efforts are compatible with the sustainable development goals of the United Nations, and establish a new standard for sustainable financing in the region.

Abdel Wahid Al -Fahim, Chairman of the NASDAC Dubai Stock Exchange, pointed to the role of the pioneering stock exchange in supporting distinctive publications related to environmental and social practices and ESG governance, such as the inclusion of Dubai World Ports for the first blue bonds in the region, where Nasdaq Dubai remains committed to supporting exporters in their endeavors to finance sustainable projects that contribute In achieving environmental and economic prosperity in the long run.

– Step for a forerunner
For his part, Hamed Ali, CEO of NASDAC Dubai and Dubai Financial Market said: This listing is an important achievement in the scene of sustainable financing in the region, and blue bonds form a move from the Dubai World Ports Group in the field of innovative bonds associated with sustainability, environmental and social practices and governance in the Middle East . And we provide a strong platform for the version; Like Dubai World Ports Group, to reach global investors, and direct financing towards influential and sustainable initiatives.

He added that this achievement confirms our commitment to strengthening Dubai’s position as a pioneering center for innovation, environmental and societal work, sustainability and governance.

Ian Johnston, CEO of the Dubai Financial Services Authority, said: The inclusion of blue bonds for the Dubai Ports Group on the Nasdaq Dubai Stock Exchange confirms the current and increasing momentum towards responsible investment, and the decisive role of financial innovation in facing climate challenges.

Financing sustainable projects
Dubai Ports World Group will allocate the revenue for the issuance of blue bonds to finance sustainable projects, including maritime transport projects, improving ports infrastructure, fighting maritime pollution, and positive initiatives to protect nature and water. This version also corresponds to the ocean strategy, and the Dubai World Ports Group strategies related to carbon and water removal, which confirms the group’s commitment to sustainable practices in the marine sector.

The version of the blue bonds contributes to the consolidation of the Dubai World Ports Group as a leading publication on the Nasdaq Dubai Stock Exchange, where the group and its subsidiaries currently own 11 listing of debt bonds on the stock exchange, including bonds and instruments with a total value of $ 10 billion.