Kuwait Finance House: Distribution of 5.5 Million Dinars as Semi-Annual Profits to Sukuk Holders - Sarmad
Kuwait Finance House announced the distribution date of semi-annual profits to sukuk holders worth 5.5 million dinars with a yield of 5.5 percent.
Translated by Qiyas from سرمد — Original source
Kuwait Finance House announced on Thursday the distribution date for its semi-annual sukuk dividends, scheduled for November 20, at a fixed annual yield of 5.5 percent, with a total value of 5.5 million Kuwaiti dinars.
In a clarification confirming the timeline for dividend payments, published on the Kuwait Stock Exchange website, the bank stated that the distributions are part of the sukuk holders’ entitlements according to the specified schedule.
The Kuwait Stock Exchange had previously activated its fixed-income market by listing Kuwait Finance House’s sukuk worth 200 million Kuwaiti dinars under the name “KFH Tier 1 Tranche 3,” marking the first listing on the fixed-income platform (bonds and sukuk).
