Warbah gains approval for perpetual bonds
Burgan Bank has received approval from the Kuwait Capital Markets Authority to issue perpetual sukuk worth up to 100 million Kuwaiti dinars, exclusively for professional clients, as part of a plan to strengthen its capital. The bank noted that the sukuk issuance follows an initial approval from the Central Bank of Kuwait for an inaugural capital tranche of 500 million US dollars. The bank also reported an increase in its profits during the first half of 2026, reaching 24.18 million dinars, representing an 18.9% rise compared to the previous year.
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