Al-Kuwait International secures approval for $600M sukuk
The Kuwait International Bank announced that it has received final approval from the Central Bank of Kuwait to issue unsecured sukuk worth up to $600 million, as part of a securities issuance program totaling $1.5 billion. This follows the approval of the Capital Markets Authority and aims to finance the bank's operations, with no current impact on the financial results. In the first half of 2026, the bank achieved a profit of 17.54 million Kuwaiti dinars, representing an increase of 18.23% compared to the same period last year.
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