Beit Capital Strengthens Its Leadership in the Sukuk Market with $15 Billion in Issuances
As competition intensifies for leadership in the Islamic debt markets, Bitex Capital, the investment arm of Kuwait Finance House (KFH), is firmly establishing itself as one of the sector’s key players. In the first half of 2026, the firm structured, managed, and issued sukuk with a total value exceeding $15 billion for governments, corporations, and major institutions, with broad participation from top-tier investors at local, regional, and global levels.
Mohammed Al-Hajeri, Head of Investment Banking Services at Bitex Capital, stated that this performance is a true reflection of the company’s rising stature in regional and international capital markets, and its ability to deliver innovative, Sharia-compliant financing and investment solutions that meet issuers’ aspirations and attract a wide spectrum of investors worldwide.
Al-Hajeri noted that the company’s success in these prominent issuances is measured not only by deal size but also by execution efficiency, the breadth of its investor base, and the growing trust it enjoys from both issuers and funding sources. This reinforces its position in the regional and global sukuk and debt instrument markets.
He added that these results have placed KFH at the forefront of organizers at the local level and ranked it fifth globally among the world’s leading sukuk arrangers. This achievement is the fruit of deep expertise accumulated over the years and a specialized team that combines execution efficiency with a profound understanding of complex deal structuring, thereby solidifying the confidence of issuers and investors and underscoring the company’s pivotal role in developing the Sharia-compliant debt instrument market.
For his part, Khaled Al-Shami, First Vice President of Capital Markets for Debt Instruments at Bitex Capital, highlighted that what distinguishes the firm’s deals since the beginning of the year is their remarkable diversity geographically, across maturities, and across multiple sectors. These transactions included local, regional, and international issuances for governments, banks, and companies in the energy, utilities, mining, real estate, and healthcare sectors.
Regarding sovereign issuances, the company completed the issuance of sukuk for the Republic of Turkey valued at $2.75 billion with a six-year maturity, representing one of the largest deals of the year, alongside an issuance for Turkish Petroleum valued at $1 billion with a five-year maturity. The banking sector also saw a significant presence, with Bitex Capital contributing to the issuance of KFH sukuk with a five-year maturity valued at $1 billion, as well as the first local dinar-denominated sukuk for the first capital tranche for KFH valued at 200 million dinars. Additionally, the firm assisted in structuring Abu Dhabi First Bank’s issuance valued at $650 million, Dubai Islamic Bank’s first-tranche sukuk valued at $1 billion, and Qatar Islamic Bank’s five-year issuance valued at $750 million.
Saudi companies were not left out of this momentum. Bitex Capital participated in two issuances for Saudi Telecom Company (stc) totaling $2 billion across two tranches with five- and ten-year maturities, alongside three tranches for Saudi Electricity Company with varying maturities totaling over $2.4 billion, as well as an issuance for Saudi Arabian Mining Company (Ma’aden) valued at $1 billion with a ten-year maturity. In the Sultanate of Oman, the company contributed to an issuance for Oman Energy Development valued at $650 million with a ten-year maturity.
Additionally, Bayt Capital’s presence extended to the Arab Energy Fund, in which the company participated in two separate issuances totaling $1 billion, alongside a $650 million issuance for Turkish real estate firm Emlak Konut. In the UAE, Bayt Capital executed its first sukuk issuance for Burjeel Holdings, a leading player in the healthcare sector, valued at $500 million. This landmark addition to the company’s track record underscores the broadening of the sectors it serves.
Al-Shami added that this momentum of landmark transactions, characterized by their geographic and sectoral diversity, as well as their varied investor segments and tenors, clearly demonstrates Bayt Capital’s capacity to execute complex issuances and attract the confidence of major investors. This trajectory further solidifies its position as a pivotal player in global sukuk markets.
