ABU DHABI (ALETIHAD)
First Abu Dhabi Bank (FAB) has become the first financial institution in the Gulf to issue a Blue Bond, marking a significant milestone in sustainable finance.
The bank successfully raised HKD 390 million ($50 million) through a five-year private placement anchored by a “dark green” Article 9 investor, a statement from the bank said.
The bond, aligned with FAB’s Sustainable Finance Framework and international green bond principles, will direct capital towards projects that protect marine ecosystems, promote sustainable water management, and support biodiversity, the statement added. Eligible areas include clean water infrastructure, wetland and mangrove rehabilitation, and sustainable fisheries.
FAB said the issuance supports the UAE Water Agenda 2036 and comes as Abu Dhabi prepares to host the IUCN Congress in October 2025 and the UN Water Conference in 2026. “This Blue Bond issuance is a defining milestone for FAB and a first for any financial institution in the Gulf,” said Shargiil Bashir, FAB’s Chief Sustainability Officer. “By directing capital to protect vital water resources and marine ecosystems, FAB is setting a precedent for sustainable finance in the region.”
Crédit Agricole Corporate and Investment Bank acted as sole dealer for the transaction. Tanguy Claquin, its Global Head of Sustainability, described the issuance as a signal of the region’s growing commitment to aligning finance with environmental priorities.
With assets of Dh1.34 trillion as of June 2025, FAB is among the world’s largest banks. The Blue Bond further strengthens its leadership in sustainable finance as the UAE steps up efforts to safeguard natural resources