TWF expands financing portfolio with two new deals

This transaction with Dubai Islamic Bank— the world's first Islamic bank in the world and the largest Islamic bank in the United Arab Emirates in terms of total asset size— contributes to TWF’s financing diversification and is a pioneering step for other Turkish companies and financial institutions to access long-term financing in the region.

The financing obtained to support TWF’s strategic investments both supports its mission to enhance instrument diversity and market depth in financial markets, while also securing external resources and aiming to contribute to the country's development goals.

Additional USD 250 Million Tranche for the 2024 Sukuk Issuance

The USD 750 million sukuk issued in October 2024, with TWF acting as the guarantor, broke many records in the history of Islamic finance and became one of the most popular transactions in the sector with a 14-fold demand multiplier.

Following this successful issuance, international investors continued to show strong interest in both the transaction and TWF, leading to a re-tap sukuk issuance in January 2025 with the same maturity. With this USD 250 million additional issuance, the total sukuk size has reached USD 1 billion.

The transaction is considered as a strong indicator of the significant interest from Gulf region investors in Türkiye and TWF. Furthermore, it is expected to set a precedent for other potential issuers in the country, enabling them to expand and diversify their liquidity pools under favorable conditions.