Kuwait-Mubasher: Boubyan Bank has obtained regulatory nod for issuing sukuk with a maximum of $250 million (KWD 75.46 million), according to a statement on Sunday.
The issuance aims to enhance the capital baseline through Basel III requirements. It will be offered in the Kuwaiti market after securing an approval from the Capital Markets Authority to issue the prospectus.
On the stock market, Boubyan Bank dropped 1.23% to reach 400 fils two hours from starting Sunday’s session, as around 5,800 shares were exchanged with a value of about KWD 2,300.
