United Arab Emirates’ First Abu Dhabi Bank (FAB) has issued its second Blue Bond, this one worth USD $20 million. This 3-year bond comes shortly after FAB’s inaugural Blue Bond worth $50 million in August 2025.
Net proceeds will support landmark water and marine projects, including:
- Wastewater treatment facilities now delivering a daily capacity of 430,000 cubic meters, enabling water recycling for irrigation across Abu Dhabi and Al Ain.
- A newly funded desalination facility producing 37 million liters per day, powered by renewable energy sources (410,000 MWh/year) and 700 MWh of battery storage.
The bank said all projects are subject to rigorous ESG risk assessment and ongoing monitoring to guarantee environmental and social impact.
“This second Blue Bond shows FAB’s ongoing commitment to supporting water resilience and marine protection across the UAE,” said Shargiil Bashir, Group Chief Sustainability Officer at FAB. “With USD $70 million now raised, we’re setting new standards for sustainable finance in the region. This milestone is especially timely, as Abu Dhabi prepares to host the IUCN World Conservation Congress, where FAB is proud to serve as Principal and Official Banking Partner and an active partner in shaping the blue economy agenda.”
Bashir said the bond enables clients to directly contribute to climate-positive outcomes through their investments.
