Emirates Strategic Investments Company (ESIC) $600 million sukuk


$ 600 million




  • Emirates Strategic Investments Company (ESIC) has established a $1 billion sukuk programme and issued its debut $600 million sukuk under it.
  • The sukuk is listed on the LSE's international securities market.
  • ESIC is an Abu Dhabi investment holding company owned by Sheikh Mansour Bin Zayed Al Nahyan. It was the first corporate from Abu Dhabi to access the market in 2019.
  • According to The National the five-year offering was priced with a 3.939% profit rate and rated Baa3 by Moody’s.
  • First Abu Dhabi Bank and Standard Chartered Bank acted as joint global coordinators and Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, National Bank of Bahrain, Standard Chartered Bank and Warba Bank acted as joint lead managers.

Sam Duke


United Kingdom
United Arab Emirates

Deal type:


Practice areas:

Capital markets : Debt
Islamic finance

Industry sector:



Party: First Abu Dhabi Bank (Global coordinator, Joint lead manager)

Party: Standard Chartered (Global coordinator, Joint lead manager)

Party: Bank ABC (Joint lead manager)

Party: Emirates NBD (Joint lead manager)

Party: National Bank of Bahrain (Joint lead manager)

Party: Warba Bank (Joint lead manager)

Party: ESIC Sukuk (Trustee)

Party: Emirates Strategic Investments Company (ESIC) (Issuer)

Lawyer: Lee Irvine