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"Al-Markazi" and "Capital Markets" OK Bayan's Perpetual Sukuk
Bobbyyan Bank has received preliminary approval from the Central Bank of Kuwait and the Capital Markets Authority to issue perpetual sukuk bonds valued at up to 100 million Kuwaiti dinars, as part of the first additional capital tranche. The bank announced that if these sukuk are issued and marketed in Kuwait, a prospectus will be prepared in accordance with Law No. 7 of 2010. In the first half of the year, Bobbyyan Bank achieved a profit of 54.72 million dinars, reflecting a 5% increase compared to the same period last year, with no material impact on its financial position.
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