Bank Boubyan Achieves Sukuk Settlement
Boeopan Bank announced the successful pricing and settlement of perpetual sukuk within the Additional Tier 1 capital tranche, amounting to 90 million Kuwaiti dinars, with a maturity date of September 17, 2031, offering a profit rate of 5.50%. The sukuk are rated highly by international rating agencies and are part of the bank’s efforts to strengthen financial oversight and support its capital. During the first half of the year, the bank achieved profits of 54.72 million Kuwaiti dinars, reflecting an annual growth rate of 5%.
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