{"id":77674,"date":"2023-05-29T01:00:18","date_gmt":"2023-05-29T01:00:18","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/29\/majid-al-futtaim-raises-usd-500-mn-in-green-sukuk-issuance\/"},"modified":"2023-05-29T01:00:18","modified_gmt":"2023-05-29T01:00:18","slug":"majid-al-futtaim-raises-usd-500-mn-in-green-sukuk-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/29\/majid-al-futtaim-raises-usd-500-mn-in-green-sukuk-issuance\/","title":{"rendered":"Majid Al Futtaim raises USD 500 mn in green sukuk issuance"},"content":{"rendered":"

<\/a> MAF pulls trigger on green sukuk:<\/strong> UAE retail conglomerate Majid Al Futtaim (MAF) raised USD 500 mn through its fourth green capital market issuance under its latest sustainable financing offering<\/a> in the region, it said in a statement<\/a> on Thursday. The proceeds from its third green sukuk issuance will be used to refinance an older USD 800 mn bond commitment.<\/p>\n

What they said:<\/strong> \u201cThe issuance of today\u2019s green sukuk is a testament of the global investment community\u2019s continued confidence and robust support in our company, the sustainability of our debt portfolio and the inherent strength of our long-term strategic focus,\u201d MAF Holding CEO Ahmed Galal Ismail said in the statement.<\/p>\n

Advisors:<\/strong> Citigroup, HSBC, and Standard Chartered have been appointed as coordinators on the issuance, and they will be joined by Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, and First Abu Dhabi Bank as lead managers.<\/p>\n","protected":false},"excerpt":{"rendered":"

MAF pulls trigger on green sukuk: UAE retail conglomerate Majid Al Futtaim (MAF) raised USD 500 mn through its fourth green capital market issuance under its latest sustainable financing offering in the region, it said in a statement on Thursday. The proceeds from its third green sukuk issuance will be used to refinance an older […]<\/p>\n","protected":false},"author":1,"featured_media":77675,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[83,11,49,153,555],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-bonds","tag-green-sukuk","tag-majid-al-futtaim","wpautop","entry"],"acf":{"mongo_id":"f8054746-1c79-489d-8cdd-768b3682ef71","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1934.jpg","photo_position":"above","related_issue":[77662],"teaser":"","voice_url":""},"yoast_head":"\nMajid Al Futtaim raises USD 500 mn in green sukuk issuance - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/29\/majid-al-futtaim-raises-usd-500-mn-in-green-sukuk-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Majid Al Futtaim raises USD 500 mn in green sukuk issuance\" \/>\n<meta property=\"og:description\" content=\"MAF pulls trigger on green sukuk: UAE retail conglomerate Majid Al Futtaim (MAF) raised USD 500 mn through its fourth green capital market issuance under its latest sustainable financing offering in the region, it said in a statement on Thursday. The proceeds from its third green sukuk issuance will be used to refinance an older […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/29\/majid-al-futtaim-raises-usd-500-mn-in-green-sukuk-issuance\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-29T01:00:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1934.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/29\/majid-al-futtaim-raises-usd-500-mn-in-green-sukuk-issuance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/29\/majid-al-futtaim-raises-usd-500-mn-in-green-sukuk-issuance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Majid Al Futtaim raises USD 500 mn in green sukuk issuance\",\"datePublished\":\"2023-05-29T01:00:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/29\/majid-al-futtaim-raises-usd-500-mn-in-green-sukuk-issuance\/\"},\"wordCount\":159,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/29\/majid-al-futtaim-raises-usd-500-mn-in-green-sukuk-issuance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1934.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DEBT WATCH\",\"EnterpriseClimate\",\"green bonds\",\"Green sukuk\",\"Majid Al Futtaim\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/29\/majid-al-futtaim-raises-usd-500-mn-in-green-sukuk-issuance\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/29\/majid-al-futtaim-raises-usd-500-mn-in-green-sukuk-issuance\/\",\"name\":\"Majid Al Futtaim raises USD 500 mn in green sukuk issuance - 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