By: Ahmad Awad
Kuwait-Mubasher: Kuwaiti banks have proposed a study to the finance ministry and the central bank for financing bonds and sukuk to be offered by the government, Kuwait Finance House’s (KFH) chairman Hamad Al-Marzouq said.
The issuance will be offered in three years, and will have a value ranging between KWD 3 billion ($9.97 billion) to KWD 5 billion ($16.62 billion), Al-Marzouq said on Wednesday during the second day of Kuwait Investment Forum.
Al-Marzouq clarified that Kuwaiti banks are willing to cover the country’s budget deficit through sukuk and bonds offered by the government.
KFH offered stock loans that have not exceeded 5%, the chairman noted.
