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Bubiyan Inks Sharia-Compliant Loan Deal
Bayan Bank announced the completion of a syndicated financing deal worth $300 million for a duration of three years, led by HSBC Bank with the participation of major Chinese banks such as Bank of China and the Industrial and Commercial Bank of China, in addition to Brunei Islamic Bank. This is the first deal of its kind where a Kuwaiti bank secured a Shariah-compliant syndicated financing with significant Chinese banking partners. It reflects the bank’s efforts to expand its international presence and diversify its sources of funding. This step comes amidst global and regional market challenges, reaffirming the resilience and stability of Bayan Bank’s financial position. It also contributes to strengthening its relationships with international financial institutions and supports its strategic goal of sustainable growth and global expansion.
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