QatarPRNetwork.com, Online Press Release from Qatar and Doha City
 
(Business and Economy)
Filter PR by
  
 
MUFG EMEA and Doha Bank close first Green Repurchase scheme in Middle East

11th September 2024 - MUFG EMEA and Doha Bank today announce the successful close of their first Green Repo scheme in the Middle East and North Africa (MENA) region. This transaction marks the first Green Repo scheme for both institutions that utilises green bonds as the underlying collateral.
Green Repo schemes use the proceeds of green collateral, such as green bonds, to finance further green initiatives. In this case, cash proceeds generated from the repurchase of green bonds issued by the State of Qatar will be committed to the funding and purchase of green assets aligned to Doha Bank’s Sustainable Finance Framework. 
Sheikh Abdulrahman bin Fahad Al-Thani, Group CEO Doha Bank, said: “We are very pleased to collaborate with MUFG to execute our first Green Repo transaction. Innovative products such as Green Repos are central to Doha Bank’s ESG initiative. These funding initiatives help in raising liquidity to invest into ‘Green eligible’ collateral that act as a bridge in achieving our sustainability targets in line with Qatar National Vision 2030.”
Andre Van Hese, International Head of Securities Financing, MUFG said: “MUFG remains committed to working with clients in the MENA region to build bespoke solutions to help navigate the importance of fostering an ESG compliant ecosystem. This transaction is a testament to our efforts and we look forward to building on this success as the region moves to execute on its ambitious sustainability strategy”.
 According to analysis by MUFG, regulators and policymakers in the Gulf Cooperation Council (GCC) economies are undertaking extensive investments to progress net zero target across the region, focused on decarbonising high-carbon emitting sectors in hydrocarbon production, power generation and industrial production. Looking ahead, the GCC region remains well positioned to capitalise on its comparative advantages of low-cost positioning across the energy value chain, geographical proximity to key import markets and its constructive regulatory backdrop to become a vital global decarbonisation leader.

 


Posted by : Qatar and Doha City PR Network Editorial Team
Viewed 2057 times
PR Category : Business and Economy
Posted on : Monday, March 10, 2025  12:00:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of QatarPRNetwork.com.
Previous Story : Qatar Insurance Group to Sponsor the 2024 Samla Race
Next Story : Dukhan Bank announces the second prize winner of QAR 1 Milli...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Most Viewed Press Release posted in the last 7 days
Extreme Lashes, Extreme Style: essence Goes Bold and Blue for the New Year [44712-Views]
Get Ready to Shine – Catrice Drops the Melt & Shine Juicy Lip Balms [42982-Views]
Scent-sational Gifting: Top 5 Ajmal Perfumes to Celebrate the Holidays [37205-Views]
Turkish Airlines Sets Guinness World Records™ title for the “Most Countries Flown to by an Airline” [35098-Views]
Benefit Cosmetics is revealing its New Brow product: Mighty Fine Brow Pen [30591-Views]
IATA Launches Air Cargo Device Assessment Program [30269-Views]
Disappointingly Slow Growth in SAF Production [28619-Views]
CASIO celebrates 50-year-long watchmaking heritage with exclusive anniversary collection [27384-Views]
$1.7 Billion in Airline Funds Blocked by Governments [26185-Views]
Essence Unveils Kingdom of Essentia: A New Era of Immersive Experiences in the Roblox Metaverse [23447-Views]
Get the Look: Cynthia Erivo's Golden Globes Glam by Benefit Cosmetics [23012-Views]
TONDA PF XIALI CHINESE CALENDAR [21556-Views]
SHOOTING ON WFP CONVOY IN GAZA [20873-Views]
Mesmerizing Shows and Cash Prizes at Mercato During Dubai Shopping Festival [20857-Views]
Catrice's Hottest Bestsellers in MENA – Flawless, Vegan & Affordable Beauty [20002-Views]
LVMH WATCH WEEK 2025 [19565-Views]
SalamAir Releases 4th Quarter (Q4) On-Time Performance Data [19409-Views]
Mercato Announces DSF Cash Prize Winners and Gets Ready for the Grand Prize Car Draw! [18887-Views]
Air Cargo Demand up 8.2% in November 2024 - 16th Month of Consecutive Growth [18787-Views]
Porsche achieves sustainable growth of four percent across the region in 2024 [18218-Views]
Back to Section Home

Related Stories



 
Top Sections