Kuwait International Bank announced that it has obtained the approval of the Kuwait Capital Markets Authority for the private placement prospectus to issue $ 750 million sukuk or its equivalent in other currencies.
>
The bank said in a statement to the Kuwaiti Stock Exchange today, Tuesday, that approval of the prospectus comes within the program of issuing sukuk with a ceiling of $ 2 billion or its equivalent in other currencies. < / p>
The bank stated that it will provide the Authority with a copy of the final subscription prospectus, and the bank account statement for the underwriting process, which shows the movement of deposits and withdrawals during the subscription period.
and he stated that the previous information does not have a material impact on the financial position of the bank at the present time.
The bank’s profits fell 98.9% in the first half of this year, to reach 103.25 thousand dinars, compared to 9.61 million dinars for the same period last year. / p>
(Amazon Fun Knowledge)
