The SCA board approved the decision to exempt the fee for this year for companies planning to list their sustainability-linked bond or sukuk
The Abu Dhabi-listed firm said proceeds from the issuances will be used to finance eligible green projects including renewable energy
The UAE became the first Gulf state to commit to neutralising planet-warming emissions within its borders, which it aims to do by 2050
Global sales of green bonds hit a record $513bn last year
The $700m placement is the largest green bond issued in the region