Bahrain’s Infracorp Aims to Issue USD 800 Million Perpetual Green Sukuk

Bahrain-based Infracorp; a newly established spin-off from GFH Financial Group (GFH), is in the works to establish around USD 800 million perpetual green Sukuk in the first quarter of 2022.

Why it Matters?

Infracorp was spun out from GFH with the purpose of focusing on infrastructure assets, particularly investments relating to accelerating the growth and development of sustainable infrastructure assets and environments across the Gulf and global markets. Profits generated from the issuance will be used to fund environmental, social, and governance (ESG) goals. The green Sukuk combined with USD 200 million equity will make up Infracorp’s total capital of USD 1 billion.

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