Kuwait-Mubasher: Boubyan Bank’s sukuk issuance for boosting the capital is oversubscribed by more than $1.3 billion; exceeding the target by five-fold, the deputy CEO said Adel Al Majed according to an issued statement.
The oversubscription was completed in less than two-week marketing, since the bank obtained the final approval from Kuwait’s Capital Markets Authority as well as the central bank.
Boubyan Bank ended Tuesday’s session falling 1.22% to 405 fils, after about 321,400 shares were traded with a value of around KWD 130,200.
