KIB: "International Investment" Participates as Joint Lead Manager for Sukuk Issuance

Kuwait International Bank (KIB), represented by its Islamic investment arm, KIB Invest, participated as a Joint Lead Manager in the pricing of the third issuance of Saudi government-guaranteed international Sukuk for the Saudi Refinancing Company, with a total value of $2.75 billion.

This issuance was structured according to the Musharaka and Murabaha models, priced on July 7, 2026, with settlement scheduled for July 14, 2026. The Sukuk were divided into two tranches: the first valued at $1.25 billion with a maturity of 5.5 years (maturing on January 14, 2032), and the second valued at $1.50 billion with a maturity of 10 years (maturing on July 14, 2036).

Mohammed Al-Dowailan, General Manager of Treasury at KIB, stated: “The success of this large-scale issuance amid current regional conditions clearly demonstrates the resilience and depth of financial markets in the region. It also reflects the global confidence in the Saudi Refinancing Company and the attractiveness of debt and Islamic financing instruments to investors. At KIB, we are proud to contribute to this issuance and support the redirection of capital toward high-quality, sustainable investment opportunities that meet investors’ aspirations and help achieve our partners’ objectives.”

For his part, Jamal Al-Barrak, Chief Executive Officer of KIB Invest, said: “KIB Invest’s selection as a Joint Lead Manager in this prominent regional transaction reflects the company’s standing and the advisory and execution expertise it has accumulated in capital markets. It also underscores the banking syndicate’s ability to attract a broad and diverse base of institutional and international investors. At KIB Invest, we are committed to continuing the development of Sharia-compliant investment solutions and strengthening our position as a trusted strategic partner in regional and global capital markets.”