RIYADH: Two Saudi universities have signed an agreement to combine their capabilities and resources to help realize the Kingdom’s ambitions in the fields of atomic and renewable energy.
The deal, between King Abdulaziz City for Science and Technology and King Abdullah City for Atomic and Renewable Energy, was signed by Prince Abdulaziz bin Salman, who is minister of energy and KACST chairman, and Abdullah Al-Swaha, the minister of communications and information technology and chairman of K.A.CARE.
“The integration between the energy system and the King Abdulaziz City for Science and Technology is an important step in strengthening the Kingdom’s leading position as a global leader in the field of atomic and renewable energy, as the city is the national laboratory,” a statement said.
It added that the deal affirmed confidence in Saudi nationals to implement projects and studies related to national security, water security, radiation monitoring, as well as developing technologies to serve the Kingdom’s vision to reach an ideal energy mix by 2030.
According to the agreement, the two sides will benefit from each other’s research institutes, reactors and their facilities, and develop operational plans to serve the National Atomic Energy Project.
Areas of cooperation will include building human, technical and research capacities, exchanging scientific expertise, setting up training programs, workshops and conferences, equipping and developing laboratories and research facilities, and providing consultations on atomic and renewable energy projects.
Saudi universities agree to cooperate on atomic, renewable energy
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Saudi universities agree to cooperate on atomic, renewable energy
- Deal aims to strengthen Kingdom’s position as a global leader in the field
Qatar lists first green sukuk as Al Rayan raises $137m
RIYADH: Qatar Stock Exchange listed its first green sukuk after Al Rayan Bank raised 500 million Qatari riyals ($137 million), expanding the range of sustainable Islamic finance instruments in the market.
The three-year sukuk carries an annual profit rate of 4.25 percent and is listed on QSE’s debt market, according to Qatar News Agency. The issuance is the first green sukuk in Qatar’s financial market and the first by an entity registered with the Qatar Financial Centre to be locally listed, cleared and settled.
The listing reflects efforts to deepen Qatar’s debt market and broaden access to Shariah-compliant instruments aligned with environmental, social and governance standards as investor demand for sustainable assets grows globally.
Abdullah Mohammed Al-Ansari, CEO of QSE, said: “The listing of the first green sukuk in QSE’s history represents a significant milestone in the development of Qatar’s capital market. It reflects our commitment to expanding the range of sustainable, Shariah-compliant financing instruments and enhancing the depth and diversity of the debt market in line with global best practices.”
He added: “This achievement also underscores QSE’s role as an integrated platform capable of supporting innovative financing solutions that align with national development priorities and long-term sustainability goals.”
Al Rayan Bank CEO Fahad Abdullah Al-Khalifa said the issuance underscores the lender’s ambition to lead in ESG-linked Islamic finance while strengthening the domestic capital markets infrastructure.
“By offering the first green sukuk to be listed, cleared, and settled in Qatar, we are not only reinforcing our role as a forward-looking institution but also contributing to the development of the local capital markets infrastructure,” he added.
Al Rayan Bank said the issuance reflects its ambition to play a leading role in advancing Qatar’s sustainable finance ecosystem by aligning Islamic banking principles with financing structures designed to deliver long-term value.
The listing comes amid continued development of QSE’s debt market, which has recently introduced inaugural corporate bonds, Islamic sukuk and sustainable bonds.
The green sukuk provides investors with a tradable Shariah-compliant asset that combines financial returns with environmental objectives, supporting portfolio diversification while reinforcing sustainability standards in the local market.
