Khaled Al-Shamman on Gulf-Asian Banking Cooperation
The article focused on the role of Boubyan Bank Group in strengthening financial cooperation between the Gulf and Asia through its successful issuance of sukuk worth one billion dollars, reflecting increasing integration between the capital markets of the two regions. The CEO explained that the issuance attracted strong demand from investors in Asia and the Middle East, representing an important step towards expanding access to international Islamic markets. He also discussed the group's global expansion strategies, including the acquisition of the National Bank of Bahrain, to enhance its presence in 10 countries, and the principles of Shariah governance that ensure compliance with international standards despite differing regulations across countries. He emphasized that the growth of the Islamic sector, which reports project will reach $6.9 trillion by 2029, supports future cooperation opportunities—especially with Gulf infrastructure projects valued at approximately $1.7 trillion until 2030—creating broad prospects for investment and integration between Gulf and Asian financial markets.
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