Kuwait-Mubasher: Kuwait’s Capital Markets Authority (CMA) approved requests to issue bonds and sukuk worth $4 billion, according to CMA’s Chairman Nayef Al-Hajraf.
CMA seeks to encourage the issuance of bonds and sukuk, so it plans to build a trading platform for such financial products, Al-Hajraf added in a press conference held on Monday.
Banks issued around $1.3 billion worth of bonds and sukuk in 2015 and the first quarter of 2016.
“We have agreed last November on issuing sukuk and bonds worth $3 billion,” the chairman earlier said during the Kuwait Investment Forum conference held in March.
