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Events / Business / Arab Energy Fund USD 500M Sukuk
Business Sukuk listing

Arab Energy Fund USD 500M Sukuk

Analysis based on 6 articles · First reported Mar 09, 2018 · Last updated Jun 26, 2026

Sentiment
60
Attention
4
Articles
6
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The successful oversubscribed Sukuk listing by Arab Energy Fund on Nasdaq Dubai demonstrates strong investor confidence in Islamic finance and supranational issuers. This event reinforces Nasdaq Dubai's position as a leading hub for Islamic finance, potentially attracting more debt listings and broadening investment opportunities in the region.

Financial Services Energy
Event Summary

Arab Energy Fund, a multilateral impact financial institution, successfully listed a USD 500 million Sukuk on Nasdaq Dubai. The issuance, comprising Trust Certificates due 2031 with a profit rate of 4.686%, was 2x oversubscribed, attracting orders exceeding USD 900 million. This strong demand, from a diverse investor base including central banks and supranational institutions, allowed for tighter pricing and underscores the strength of Arab Energy Fund's credit profile, which is rated Aa2 by Moody s Ratings and AA+ by Fitch. The listing, marked by a market-opening bell ceremony with CEOs Khalid Ali Al-Ruwaigh of Arab Energy Fund and Saudi Arabia at the 1976 Summer Olympics of Nasdaq Dubai, is part of Arab Energy Fund's diversified funding strategy to support sustainable energy development across the Arab world. It also reinforces Nasdaq Dubai's standing as a global leader in Islamic finance, with total outstanding Sukuk exceeding USD 98.6 billion.

Entities Involved
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Nasdaq Dubai
Nasdaq Dubai welcomed the listing of Arab Energy Fund's USD 500 million Sukuk, which adds to the depth of its Sukuk market and reinforces its position as a leading venue for Islamic finance. This listing highlights its role in supporting market development and broadening investment opportunities.
Importance 90.0 Sentiment 50.0
per
Khalid Ali Al-Ruwaigh
As the Chief Executive Officer of Arab Energy Fund, Khalid Ali Al-Ruwaigh rang the market-opening bell at Nasdaq Dubai to mark the Sukuk listing, symbolizing the successful transaction.
Importance 50.0 Sentiment 60.0
per
Saudi Arabia at the 1976 Summer Olympics
As the Chief Executive Officer of Nasdaq Dubai and Dubai Financial Market, Saudi Arabia at the 1976 Summer Olympics participated in the market-opening bell ceremony, highlighting the significance of the listing for the exchange.
Importance 50.0 Sentiment 50.0
per
Vicky Bhatia
As the Chief Financial Officer of Arab Energy Fund, Vicky Bhatia commented on the strength of the fund's credit profile and the successful pricing of the Sukuk despite challenging market conditions.
Importance 40.0 Sentiment 60.0
oth
APICORP Sukuk Limited
APICORP Sukuk Limited was the entity through which Arab Energy Fund's Trust Certificate Issuance Programme was executed for the Sukuk listing.
Importance 30.0 Sentiment 40.0
exch
Dubai Financial Market
Dubai Financial Market's CEO, Saudi Arabia at the 1976 Summer Olympics, also serves as CEO of Nasdaq Dubai and participated in the market-opening bell ceremony, indicating its connection to the event.
Importance 20.0 Sentiment 30.0
priv
Moody s Ratings
Moody s Ratings provided an Aa2 rating for Arab Energy Fund's Trust Certificates, reflecting the fund's strong credit profile.
Importance 10.0 Sentiment 0.0
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United Arab Emirates
The event took place in Dubai, United Arab Emirates, reinforcing its position as a hub for Islamic finance.
Importance 10.0 Sentiment 0.0
Relationships
Nasdaq Dubai related ↔ Saudi Arabia at the 1976 Summer Olympics
Nasdaq Dubai related ↔ Dubai Financial Market
Nasdaq Dubai related ↔ United Arab Emirates
Saudi Arabia at the 1976 Summer Olympics related ↔ Dubai Financial Market
Saudi Arabia at the 1976 Summer Olympics related ↔ United Arab Emirates
Dubai Financial Market related ↔ United Arab Emirates
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