Bahrain’s Infracorp lists $900mln green sukuk on London Exchange

Bahrain’s Infracorp lists $900mln green sukuk on London Exchange

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Infracorp has announced the issuance of a $900 million sukuk, the first-ever green sukuk issued by a Bahraini entity, which has been listed on London Stock Exchange.

Hisham Alrayes, Chairman of Infracorp commented: “This sukuk will enable positive and sustainable impact on the infrastructure development sector across the Gulf, North Africa and South Asian regions and is a response to the market’s appetite for opportunities that generate returns also in addition to participating in leaving a significant and tangible ESG impact.”

He added: “With green sukuks growing by more than 17% year-on-year in 2021 to $15 billion and expected to remain a key theme of the Islamic finance market in 2022, sukuk issuance activity is expected to stand between $160 and $170 billion in 2022, according to Moody’s. We therefore anticipate a growing investor appetite for ESG and for green sukuks throughout the ongoing economic headwinds.”

Long-term returns

This landmark transaction reflects Infracorp’s strategy to accelerate growth of sustainable infrastructure development across Mena and South Asia regions while generating long-term returns for investors and adding lasting value to communities.

Infracorp, the infrastructure and sustainability arm of GFH Financial Group, builds on the group’s accumulated experience of supporting the sustainable development of the communities and economies