MUSCAT – The five-year green sukuk issue from OETC, a subsidiary of Nama Group, has been recognised for its role in advancing environmentally responsible infrastructure financing and strengthening Oman’s position in regional and international sustainable finance markets.
The proceeds from the sukuk will be used to finance and refinance eligible green projects, including the integration of renewable energy sources into the national grid, transmission network modernisation, and energy-efficiency initiatives. These projects are key to supporting Oman’s target of generating 30 per cent of its electricity from renewable sources by 2030 and achieving net-zero emissions by 2050.
The issuance attracted strong interest from regional and international investors, establishing a benchmark for future green and sustainable financing transactions from Oman.
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Ahmed bin Amer Al Mahrizi, Chief Executive Officer of Nama Group, said the award reflects the progress Oman is making towards a more sustainable and resilient energy future. He noted that the success of the green sukuk demonstrates global investor confidence in the Sultanate’s utility sector and its long-term strategy for reducing carbon emissions.
Al Mahrizi added that Nama Group remains committed to developing innovative financing solutions that support clean energy projects, enhance network reliability, and contribute to the goals of Oman Vision 2040.
Saad Niaz, General Manager of Corporate Finance at Nama Holding, described the green sukuk as a major milestone in the group’s sustainable finance journey. He said the strong investor demand highlights OETC’s role in facilitating renewable energy integration and advancing Oman’s decarbonisation objectives.
The sukuk was issued under OETC’s green finance framework, which aligns with international best practices, including the Green Bond Principles of the International Capital Market Association (ICMA). The framework is designed to ensure transparency, accountability and measurable environmental impact in the company’s financing activities.
