Kuwait’s CMA says studying $1bn sukuk, bonds issues

By: Ahmad Awad

Kuwait-Mubasher: The Capital Markets Authority (CMA) in Kuwait is considering the approval of requests submitted for bonds and sukuk issues worth $1 billion (KWD 300 million), said Chairman Nayef Al-Hajraf.

“We have agreed last November on issuing sukuk and bonds that are worth $3 billion,” the chairman added on Wednesday during the Kuwait Investment Forum conference.

Al-Hajraf noted that the capital market’s new law will regulate the issuance of sukuk and bonds. 

MUBASHER Contribution Time: 09-Mar-2016 11:59 (GMT)