A new report by Bloomberg Intelligence indicates the continued structural development of the sustainable finance market in the Middle East and North Africa, with issuance operations expanding sevenfold since 2020. However, they declined to $35.1 billion in 2025, 18% below their 2023 peak, due to challenges facing global markets. Saudi Arabia ranked first as the largest issuer of sustainable finance. The financial sector accounts for about 50% of total sustainable finance issuance in 2025, compared to 32% in 2020, reflecting stronger regulatory signals, increased underwriting and lending activity, and banks adopting carbon reduction metrics in their budgets and implementing environmental classifications.
