DP World raises $1.5bn for green projects 

Dubai terminal operator DP World has raised $1.5bn through a green sukuk. The sukuk, which was oversubscribed 2.3x due to strong demand from local, regional and international investors, is listed on both Nasdaq Dubai and the London Stock Exchange. 

Proceeds will be earmarked for eligible green projects including electrification, renewable energy, clean transportation and energy efficiency. 

DP World group chairman and CEO Sultan Ahmed bin Sulayem said: “We aspire to lead global trade into a more resilient, efficient, and sustainable future for our customers and their customers. That’s why we are acting with scale and ambition, using our hands-on expertise to reshape trade for the better.”