Kuwait Finance House: Distributes KD 5.5 Million Semi-Annual Dividends to Holders of Sukuk 20

Kuwait – Kuwait Finance House announced on Thursday the date for the distribution of its semi-annual sukuk dividends, scheduled for November 20, at a fixed annual yield of 5.5 percent, with a total distribution amount of 5.5 million Kuwaiti dinars (approximately $16.9 million). In a clarification regarding the confirmation of the dividend schedule, published on the Kuwait Stock Exchange website, the bank stated that the distributions are made to sukuk holders in accordance with the established timeline. The Kuwait Stock Exchange had previously activated its fixed-income instruments market by listing Kuwait Finance House sukuk valued at 200 million Kuwaiti dinars (approximately $616 million) under the name “KFH Tier 1 Tranche 3” in the first listing on the fixed-income platform (bonds and sukuk). (End) M.K.A. / H.T. / N.W.