What a historic moment for FIVE Holdings! Today we make our debut listing on Nasdaq Dubai with a USD 350 million Green Bond. 📈 This listing marks a significant moment for FIVE, as it is our first appearance on the region's esteemed international financial exchange. To celebrate this achievement, we hosted a Bell Ringing event today, with FIVE’s Founder and Chairman, Kabir Mulchandani. The issued Green Bond, featuring a coupon rate of 9.375% and with maturity set for 2028, underlines FIVE’s commitment to sustainable finance and its consistent leadership in Environmental, Social, and Governance (ESG) practices. Mulchandani says, “We delivered an unprecedented year of success in 2022, driven by the acceleration of our growth strategies which achieved a robust EBITDA margin and secured world-class sustainability milestones (‘A’ rating for ESG by ISS). FIVE understands that value creation for stakeholders is essential to sustainable development, which drives our commitment to outstanding EBITDA figures and environmental responsiveness.” FIVE has proven to the world what is possible with commitment to sustainable practices: ▶️ Being the world's only company to earn an ‘A’ rating for ESG within the ISS Corporate Rating universe ▶️ All operational FIVE hotels are LEED Platinum certified, of which FIVE Zurich is the only LEED Platinum hotel in Switzerland ▶️ Published a Green Finance Framework, receiving an ISS Second Party Opinion (SPO) with "Aligned", "Consistent" and “Positive” remark ▶️ Obtained the highest green sustainability rating (4 Star Plus) from Dubai Land Department ▶️ The first hotel group in the world to earn Three Star SPIRE Smart Building Rating ▶️ First hotels in the UAE to achieve 100% Renewable Electricity [International Renewable Energy Certificates (I-REC) from Dubai Electricity and Water Authority] Our 'Sustainable Indulgence' ethos has been the driving force behind our achievements - Combining industry-leading EBITDA with best-in-class governance to make a positive environmental and social impact. We are excited about what lies ahead, and thank you for being a part of our journey toward a sustainable future. #FIVEHoldings #DiscoverFIVE #Sustainability
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Congratulations FIVE Hotels and Resorts it’s result of visionary leader like you Mr. Kabir and your charismatic team Jaydeep (Jay) Anand Aloki Batra Mushal Nisthar
Greate leader
Congrats and a great milestone. Proud to have been part of the intial projects.
Great job FIVE Holdings Very Inspiring! David Shepley
Inspiring
Business Development Manager @ Speciality Supplies General Trading & Caffrino1884. MBA
1yAmazing achievement 🎈