Kuwait Finance House (KFH) announced the successful issuance of USD 1 billion in Senior Unsecured Sukuk with a 5-year tenor, to be listed on the London Stock Exchange. The Sukuk were priced at 85 basis points over U.S. Treasury yields, with an annual profit rate of 4.563%.

The order book exceeded two times the target issuance size, with coverage provided by investors from the Middle East, Europe, and Asia, most of whom were banks, financial institutions, and investment funds.

KFH Chief Treasury Officer - Kuwait, Ahmad Eissa Al-Sumait

KFH Chief Treasury Officer - Kuwait, Ahmad Eissa Al-Sumait, stated in a press release that the record demand for the issuance reflects investor confidence in KFH, its strategy, and its credit strength. He added that it also reflects the prestigious position the bank holds among global financial institutions and capital markets.

He explained that KFH played a pivotal role in establishing Sukuk as a competitive financing tool that enjoys global acceptance, utilized by corporates and governments to fund projects and expansions.

Al-Sumait pointed out that the objective of the issuance is to enhance KFH operations, diversify funding sources, and increase investment capabilities. This contributes to supporting infrastructure projects and productive economic sectors in Kuwait, while also supporting the regional and international expansions of companies.

Al-Sumait praised the role of KFH Capital, which acted as the sole Global Coordinator for the issuance. He also thanked the investors for their trust, as well as the joint lead managers, bookrunners, and stakeholders for their role in the success of the issuance in record time, achieving positive results and a coverage volume several times higher than required.

Deputy General Manager of Global Markets Trading and Investments at KFH, Khalid AlRukhayes

Meanwhile, Deputy General Manager of Global Markets Trading and Investments at KFH, Khalid Saud AlRukhayes, expressed pride in the success of the USD 1 billion Senior Unsecured Sukuk issuance, noting the significant investor demand and oversubscribed coverage. He pointed out that this represents the first Sukuk issuance in the region for the year 2026.

He said that the Sukuk market holds great importance for KFH, as it is one of the most prominent financing tools in global markets. Furthermore, he noted that Sukuk play a vital role in supporting corporate expansion and development, evidenced by the high volume of international subscriptions in Sukuk deals.

AlRukhayes revealed that the Joint Lead Managers for the issuance were: KFH Capital, HSBC, Dubai Islamic Bank (DIB), First Abu Dhabi Bank (FAB), Boubyan Bank, Standard Chartered Bank (SCB), Mizuho, Abu Dhabi Islamic Bank (ADIB), The Islamic Corporation for the Development of the Private Sector (ICD), Bank of China (BOC), and Emirates NBD.