Dentons advises First Abu Dhabi Bank on US$700 million sukuk issuance
Dentons has successfully advised First Abu Dhabi Bank (FAB) on its issuance of US$700 million in senior unsecured Reg S sukuk certificates due in 2031. This issuance, which garnered over US$1.5 billion in orders from a diverse range of international investors, signifies a robust return of sukuk activity in the Gulf Cooperation Council (GCC) region’s international capital markets, especially following recent regional volatility. The transaction was structured as a wakala-murabaha hybrid sukuk through FAB Sukuk Company Ltd., showcasing the advancement of Sharia-compliant capital market structures. Dentons has a history of supporting FAB, having previously advised on updates to its sukuk programme in December 2025. The team for this transaction was led by Dubai partner Victoria Wyer and London partner Matthew Sapte, with contributions from associate Kellie Diggin and paralegal Naomi Scherleye. This deal highlights Dentons’ commitment to enhancing its debt capital markets and structured finance capabilities in the Middle East.