FAB Issues Gulf’s First Blue Bond

First Abu Dhabi Bank (FAB) has made a historic move by issuing the first-ever Blue Bond from a financial institution in the Gulf region—a 5-year, USD 50 million (HKD 390 million) offering. The bond is aligned with FAB’s Sustainable Finance Framework 2023 and the International Capital Market Association's Green Bond Principles. This milestone underscores FAB’s leadership in sustainable finance, reflecting the UAE’s commitment to protecting marine ecosystems and advancing water-related environmental goals under its UAE Water Agenda 2036. The bond supports projects including sustainable water infrastructure, aquaculture, and ecosystem conservation—especially wetlands, mangroves, and coral reefs. FAB's Chief Sustainability Officer, Shargiil Bashir, emphasized that this issuance represents a defining moment for FAB and positions the bank at the forefront of sustainable finance in the region. Additionally, with the UAE set to host the IUCN Congress in October 2025 and the UN Water Conference in December 2026, the bond aligns with the country's broader environmental agenda.