Woroub Bank Gains Early Approval for $500M Sukuk
Al-Kuwait-based Warka Bank has received an initial approval from the Central Bank of Kuwait to issue $500 million in Sukuk within the first tranche of its capital, without impacting its financial position. This step comes as part of efforts to strengthen capital and fund growth, amid a 13.8% increase in the bank's net profits in the first quarter of 2026 compared to the same period in 2025, reaching 5.51 million Kuwaiti dinars.
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