(NDMC) was awarded the “Sovereign Treasury & Funding Team of the Year" award at the annual Bonds, Loans & Sukuk Middle East awards ceremony held in Dubai on the 8th June 2022.
NDMC winning of this award is a testament to Saudi Arabia's ability to meet investors' expectations while accessing debt markets to secure the Kingdom's needs in the short, medium and long term at fair costs.
This award demonstrates the efforts of the Kingdom in developing the local debt market and is expected to promote and enhance demand for Saudi Sukuk and Bond issuances.
The Ministry of Finance publishes the Kingdom of Saudi Arabia Green Financing Framework under one of the Financial Sector Development Program initiatives to support the Kingdom's ambitions towards sustainability, reach net zero emissions through the Circular Carbon Economy approach, and to further display the Kingdom's efforts towards sustainability to investors and market participants. The framework is a major step to achieve the Saudi Vision 2030 goals, which focuses on a more sustainable future, starting from policies and investment development to planning and building infrastructures.The Kingdom of Saudi Arabia Green Financing Framework also illustrates regional leadership in sustainable finance, and encourages more public and private initiatives towards climate and environmental finance. The framework is established in line with the Kingdom's announcement in October 2021 to achieve net zero emissions by 2060 through the Circular Carbon Economy approach, and to Fulfill the pledge to reduce its Greenhouse gas (GHG) emissions by 278 million tons per year by 2030 in line with the Paris Agreement, in accordance with the Green Bonds Principles (GBP) of the International Capital Market Association.
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for more information about the Green Financing Framework