AUB secures US$800M sustainable Murabahah financing facility

TDT | Manama                                                      

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Ahli United (AUB) has announced the successful conclusion of a US$800 million Murabahah financing facility. The facility's profit rates are linked to two key performance indicators: green financing and social housing financing. The three-year facility was launched with a target size of US$800 million and a minimum participation ticket of $75 million.

It was well-oversubscribed, with total commitments reaching $1.24 billion from AUB's banking partners. Ahmed Al-Kharji, the Group CEO at AUB, commented, “This highlights the Group’s strategic commitment to sustainable finance. We are also delighted with the strong support that AUB has received from its prestigious banking partners in this transaction”.

HSBC acted as the Sole Coordinator, Investment Agent, and Initial Mandated Lead Arranger, along with Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Boubyan Bank, Emirates Islamic Bank, Emirates NBD Bank, First Abu Dhabi Bank, Gulf International Bank, Kuwait Finance House, Qatar International Islamic Bank, Sharjah Islamic Bank as Mandated Lead Arrangers. HSBC and First Abu Dhabi Bank also acted as the Joint Sustainability Coordinators for the transaction.