Beit Capital Confirms Its Leadership Through Participation in the Issuance of Al-Kuwait International Bank Sukuk

In a new achievement added to its track record in capital and Islamic debt markets, Bitak Capital, the investment arm of Kuwait Finance House (KFH), participated as one of the joint global coordinators in the issuance of international sukuk on behalf of Kuwait International Bank (KIB) for $500 million over a five-year term, structured in accordance with Islamic Sharia principles using an agency and murabaha sukuk framework.

The issuance witnessed strong demand from regional and international investors, with total subscriptions exceeding $1.2 billion, representing an oversubscription ratio of more than 2.4 times the size of the issuance. This reflects the attractiveness of the offering and investor confidence in the Kuwaiti banking sector as a whole.

Mohammed Al-Hajjar, Head of Investment Banking Services at Bitak Capital, stated that participation in the issuance demonstrates the company’s ability to provide Sharia-compliant financing solutions that meet the needs of Kuwaiti financial institutions and align with the requirements of investors in international markets.

Al-Hajjar noted that the strong demand for the issuance underscores the resilience of the Kuwaiti banking sector and investor confidence in Kuwaiti financial institutions, while also highlighting Bitak Capital’s efficiency in managing and executing international issuances and reaching a broad base of investors.

For his part, Khaled Al-Shami, First Deputy Head of Capital Markets at Bitak Capital, pointed out that the strong oversubscription, which exceeded twice the size of the issuance, confirms the continued interest of international investors in Kuwaiti offerings and the presence and attractiveness of Kuwaiti financial institutions in global capital markets.

He added that the diversity of the investor base participating in the issuance, along with the strong demand, reflects Bitak Capital’s ability to connect Kuwaiti issuers with a wide segment of investors in regional and international markets, thereby supporting the success of the issuances and enhancing Kuwait’s presence in global Islamic financing markets.

The deal comes as part of Bitak Capital’s ongoing efforts to support Kuwaiti financial institutions in accessing international debt markets, leveraging its accumulated expertise and extensive relationships with investors across various markets. This contributes to providing diverse financing channels for the Kuwaiti financial sector.

The transaction also reflects Bitak Capital’s role in developing the sukuk market and Islamic financing instruments, and enhancing the ability of Kuwaiti institutions to capitalize on opportunities available in global capital markets, thereby supporting Kuwait’s position as a regional hub for Islamic finance.

With this achievement, Bitak Capital continues to implement its strategy aimed at expanding its presence in Islamic and international debt markets by structuring and managing high-quality issuances and providing innovative, Sharia-compliant financing solutions that serve clients and support the development of financial markets.