ADIB Rings Market-Opening Bell to Mark the listing of $750m AT1 Sukuk onLondon Stock Exchange Main Market

London, UK;25July 2023:Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, celebrated a significant milestone by ringing the market-opening bell today at the London Stock Exchange, commemoratingthe successful listing of $750 million in the world’s first dollar denominated additional tier-one (AT1)perpetual sukuk issued since March 2023.

The market opening ceremony was graced by a senior representative from the UAE Embassy in the UK, along with senior representatives from ADIB, and other distinguished guests including ADIB’s Group Chief Executive Officer, Nasser Al Awadhi.

The issuance was met with exceptional demand, attracting interest from over 240 global and regional investors. The final order exceeded USD 7 billion, making it more than 9 times over-subscribed, and the final pricing was 62.5 bps tighter than the initial pricing thoughts.

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