Shutterstock/Vladimir Wrangel

Sukuk

KIB mulls $300 million Sukuk issuance

  • share this article

The lender stated that the issuance will assist in adhering to its capital and long term liquidity regulatory requirements.

Sunday 19, May 2019 BY KUDAKWASHE MUZORIWA

Kuwait’s Capital Markets Authority (CMA) has approved Kuwait International Bank’s (KIB) request to issue up to $300 million perpetual additional tier 1 capital securities.

In a bourse filing, KIB said that the subscription will be limited to professional clients under the relevant regulatory instruction.

TAGS : Sukuk, Kuwait CMA, Kuwait International Bank

print this article