KIB Group, represented by KIB Invest, serves as Joint Lead Manager in Boubyan Bank's USD3 billion sukuk issuance
Kuwait International Bank (KIB) Group announced that its investment arm, KIB Invest, successfully participated as a Joint Lead Manager (JLM) in the issuance of senior unsecured U.S. dollar-denominated sukuk with a five-year maturity, issued by Boubyan Sukuk Limited on behalf of Boubyan Bank.The issuance, structured according to Wakala and Murabaha principles and valued at USD 500 million, is part of Boubyan Bank's USD 3 billion Trust Certificate Issuance Program. It garnered strong interest from both regional and international investors, reflecting solid confidence in Kuwait's Islamic financial and banking institutions.The issuance is supported by Boubyan Bank's strong credit ratings from leading global agencies, including an 'A2' rating from Moody's and an 'A' rating from both Standard & Poor's (S&P) and Fitch.Commenting on the occasion, Jamal Al Barrak, CEO of KIB Invest, said: 'We are pleased to have participated in this successful joint issuance. KIB Invest's involvement reflects the market's confidence in our Sharia-compliant investment instruments, as well as the trust placed in us by investors and stakeholders across both regional and global markets.'Al Barrak also highlighted that KIB Invest is strategically advancing its regional and international expansion by actively participating in high-profile transactions. He affirmed the company's commitment to delivering Sharia-compliant investment solutions through a growing platform, supported by a team of experts and aligned with international standards in Islamic finance.On her part, Ma'ab Mohammed Al Qassem, General Manager of International Banking and Financial Institutions at KIB, expressed her appreciation to Boubyan Bank for their confidence in the capabilities and expertise of KIB Invest's team. She noted that the selection of KIB's investment arm for this landmark issuance underscores the strength of relationships among local banks and sets the stage for deeper partnerships within Kuwait's Islamic banking sector.She added: 'This transaction also highlights KIB's ongoing support for local banks and its role in empowering regional financial institutions through strategic partnerships that enhance access to capital markets.'Al Qassem further reaffirmed KIB's commitment to fostering the growth of capital markets through innovative, Sharia-compliant solutions designed to deliver strong long-term investment value.The sukuk issuance was jointly arranged by HSBC, Standard Chartered, and Citibank as global coordinators. In addition to KIB Invest, a number of prominent regional financial institutions also participated in managing the issuance, including Arab Banking Corporation, Boubyan Capital Investment Company, KFH Capital Investment Company, Warba Bank, Dubai Islamic Bank, SMBC Bank International, and the Islamic Corporation for the Development of the Private Sector.
It is worth noting that KIB, through its investment arm KIB Invest, continues to solidify its position in the debt capital markets, driven by deep market expertise, disciplined execution, and a specialized team dedicated to providing Sharia-compliant financial solutions tailored to the needs of sovereign and institutional clients across the region.
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