Dentons advises First Abu Dhabi Bank on US$700 million sukuk issuance

London/Dubai -Dentons has advised First Abu Dhabi Bank (FAB), the UAE's largest bank, on its successful issuance of US$700 million senior unsecured Reg S sukuk certificates due 2031 under its existing trust certificate issuance programme.

The issuance, which attracted orders in excess of US$1.5 billion from a broad base of international investors, marked a notable return of GCC sukuk issuance activity to the international capital markets following recent regional volatility. The issuance underscores the resilience of the GCC sukuk market amid evolving geopolitical and macroeconomic conditions.

The transaction was structured as a wakala-murabaha hybrid sukuk issuance through FAB Sukuk Company Ltd. under FAB's existing trust certificate issuance programme, reflecting the continued evolution of sophisticated Sharia'-compliant capital markets structures.

Dentons previously advised FAB on the update of its sukuk programme in December 2025 and continues to support the bank on its international debt capital markets activities.

The Dentons team was led by Dubai partner Victoria Wyer alongside London-based partner Matthew Sapte, with assistance from associate Kellie Diggin and paralegal Naomi Scherleye.

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