MANAMA, BAHRAIN: Infracorp B.S.C., the infrastructure and sustainability arm of GFH, introduced the issuance of a US$900 million Sukuk, the first-ever inexperienced sukuk issued by a Bahraini entity and has been listed on London Stock Exchange.
This landmark transaction displays Infracorp’s technique to speed up growth of sustainable infrastructure development throughout MENA and South Asia areas whereas producing long-term returns for investors and including lasting worth to communities.
Infracorp, the infrastructure and sustainability arm of GFH Financial Group B.S.C., builds on the Group’s accumulated expertise of supporting the sustainable development of the communities and economies the place it operates. Its sustainability roadmap positions Infracorp because the region’s pioneer in sustainability investments, and in bringing social infrastructure developments to life through a portfolio that spans social infrastructure, mixed use developments as well as to developmental solutions.
Hisham Alrayes, Chairman of Infracorp commented, “We are delighted to announce the issuance of Bahrain’s first inexperienced sukuk from Infracorp. This sukuk will allow positive and sustainable impact on the infrastructure development sector throughout the Gulf, North Africa and South Asian areas and is a response to the market’s urge for food for alternatives that generate returns additionally along with participating in leaving a significant and tangible ESG impact.”
He added: “With Green sukuks rising by greater than 17% year-on-year in 2021 to US$15 billion and anticipated to stay a key theme of the Islamic finance market in 2022, Sukuk issuance exercise is anticipated to face between US$160 and US$170 billion in 2022, in accordance to Moody’s. We therefore anticipate a rising investor urge for food for ESG and for inexperienced sukuks all through the ongoing financial headwinds.
Infracorp manages assets of nearly US$3 billion of infrastructure assets together with a 250 million sq. feet land financial institution that’s earmarked for sustainable financial and social infrastructure. The group is constructing a sustainability ecosystem in half through investments in a social infrastructure portfolio solution that comprises constructing materials, logistics and applied sciences that support local weather change goals, as well as to social infrastructure assets throughout the education and healthcare sectors.
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