DP World raises US$1.5bn Green Sukuk to support sustainability projects
DP World has raised US$1.5bn through a Green Sukuk to support its global decarbonisation efforts, aiming to bolster its commitment to sustainable operations.
The Islamic finance bond, which was oversubscribed by 2.3 times due to demand from local, regional and international investors, is listed on both the Nasdaq Dubai and the London Stock Exchange.
The proceeds will be used for eligible green projects in line with DP World’s Sustainable Finance Framework with current projects focusing on electrification, renewable energy, clean transportation and energy efficiency.
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