Kuwait International Bank (KIB) announced that its investment arm, KIB Invest , successfully participated as a Joint Lead Manager in the issuance of senior unsecured U.S. dollar-denominated sukuk with a five-year maturity. The issuance was made by Boubyan Sukuk Limited on behalf of Boubyan Bank.
This USD 500 million issuance, structured under the wakala and murabaha arrangements, falls under Boubyan Bank’s USD 3 billion sukuk program. The offering attracted strong demand from both regional and international investors, reflecting robust confidence in Kuwait’s Islamic finance and banking sector.