"refrigeration" Its first version of the green bonds is worth $ 700 million

Abu Dhabi, March 5/ WAM/ The “Blook” company announced today, its success in raising $ 700 million through its first issuance of green bonds for a period of five years, as this version is a strategic step within a new program to issue credit certificates of $ 1.5 billion.
The new sukuk will be inserted and traded in the international securities market on the London Stock Exchange, providing investors an opportunity to contribute to a more sustainable future with a “cooling” company.
The new version of the Green Sukuk from the “Reading” company received an exceptional request from the prestigious investment institutions at the local, regional and global levels.

This led to the arrival of the request for requests to 4.6 times, while the final subscription requests exceeded the size of the supply by 2.6 times, which reflects the high level of confidence of investors in the strong credit foundations enjoyed by the company “Reading”.

The sukuk was priced in a competitive manner with a profit rate of 5.279%, achieving the slightest credit margin for any regional instructions to be investigated this year, and for any five -year debt tool issued by “cooling”, as well as the instruments of any Emirati companies with a similar credit rating.

The high demand is supported by the investment class credit rating from the “BAA3 Class” and Fitch “BBB Classification”, which are compatible with the categories of the “Reading” company itself, which enhances its position as a reliable and sustainable investment destination.
Green Sukuk revenues will be allocated in line with the green financing framework for the “Tabred” company, which was first launched in March 2022 and was subsequently updated in February 2025.

This framework was prepared in accordance with the principles of green bonds for the year 2021 issued by the International Capital Markets Association, and the principles of green loans for the year 2023 issued by the Loan Market Association.

The framework is managed by a multidisciplinary committee led by Adel Al -Wahidi – the group’s financial executive, enabling the company to issue bonds and green loans, where the net revenues resulting in financing and re -financing “qualified green projects” are used in its main workplace represented in the establishment of areas cooling systems, acquisition and operation, in addition to projects related to energy and water efficiency and management of sewage.
Khaled Al -Marzouki, CEO of “Reading”, said that the positive reputation that the company enjoys is based on the basis of sustainability and operational distinction, so the first version of the green bonds is fully compatible with the company’s current business model, stressing the company’s continuous endeavor to achieve more growth and development.
He expressed the pride of “cooling” the vital role it plays in reducing carbon emissions on a large scale, while contributing to enabling societies to develop by providing sustainable cooling.

He pointed out that the company adopts the best environmental and social practices and corporate governance, and puts energy transformation in its center of interests, and there is no doubt that investors are fully aware that these efforts are in the interest of the environment and business alike.
For his part, Adel Al -Wahidi, the financial manager of the “Tabred” company, said that the great demand from investors is a reflection of the strength of a business model, the company’s financial stability, and its firm commitment to the concepts of sustainability.

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