OETC Green Sukuk Wins GRE/Quasi-Sovereign Sukuk Deal of the Year at GBM Middle East Awards 2026

Oman Electricity Transmission Company (OETC), a key subsidiary of Nama Group, has been awarded the “GRE/Quasi-Sovereign Sukuk Deal of the Year” at the GBM Middle East Awards 2026 for its landmark USD 750 million 5-year Green Sukuk issuance, reinforcing its leadership in sustainable finance within the Sultanate of Oman and the wider region.

OETC’s inaugural Green Sukuk, the first of its kind in Oman marked a pivotal step in advancing the country’s sustainable finance ecosystem and mobilizing capital toward environmentally responsible infrastructure.

Aligned with the strategic pillars of Oman Vision 2040, the Green Sukuk reflects OETC’s and Nama Group’s shared commitment to driving economic diversification and the transition to a low-carbon energy system. Proceeds from the issuance are dedicated to financing and refinancing eligible green projects, including renewable energy integration, grid modernization, and energy efficiency initiatives—critical enablers of Oman’s target to achieve 30% renewable energy by 2030 and Net Zero emissions by 2050.

The transaction attracted strong regional and international investor demand and established a robust benchmark for future green and sustainable issuances from Oman.

Commenting on this, Ahmed Al Mahrizi, Nama Group CEO, Nama Holding, said, “This achievement reflects the strength of Oman’s transition toward a more sustainable and resilient energy future. The success of OETC’s Green Sukuk demonstrates the confidence that global investors place in our national utilities and in the country’s long‑term vision for decarbonization. At Nama Group, we remain committed to enabling innovative financing solutions that accelerate the shift to clean energy, enhance grid reliability, and support Oman Vision 2040’s economic diversification goals.”

On his part, Saad Niyaz - General Manager Corporate Finance at Nama Holding, said, “The Green Sukuk is a major milestone in our sustainable finance journey. Strong investor demand affirms the credibility of our strategy and OETC’s role in enabling renewable energy integration and advancing Oman’s Net Zero ambitions.”

OETC’s Green Sukuk was issued under its Green Finance Framework, which is aligned with international best practices including the ICMA Green Bond Principles. The framework demonstrates OETC’s structured approach to integrating sustainability into its funding strategy while ensuring transparency and measurable environmental impact.

As the sole owner and operator of Oman’s electricity transmission network, OETC plays a critical role in enabling the integration of renewable energy into the national grid and strengthening the resilience of the power sector.