Doha, February 09 (QNA) - Group Chief Executive Officer of AlRayan Bank, Fahad Al Khalifa, said the bank's inaugural Green Sukuk issuance marks a significant milestone, underscoring the Group's commitment to advancing environmental, social and governance (ESG) standards and promoting sustainable finance through practical, market-driven initiatives.
In remarks to Qatar News Agency (QNA), Al Khalifa noted that the issuance attracted strong demand, reflecting investors' confidence in AlRayan Bank Group and its strategic focus on sustainable financing.
He explained that the Green Sukuk issuance is aligned with the Third Financial Sector Strategic Plan launched by Qatar Central Bank (QCB), describing the plan as a key pillar guiding the Group's efforts to contribute to the development of capital markets.
Al Khalifa added that the move forms part of the Group's broader strategy to diversify its financing instruments, thereby enhancing the efficiency and long-term sustainability of its financing operations.
He further stressed that the Green Sukuk falls within the ESG framework, focusing on investments linked to environmental, social and governance considerations, and reaffirmed the Group's commitment to working closely with its clients to roll out additional sustainable issuances and financing solutions in the period ahead. (QNA)