KIB Invest Leads $2.75 Billion Sukuk for Saudi Real Estate

Summary:

Kuwait International Bank (KIB), through KIB Invest, served as a Joint Lead Manager for the Saudi Real Estate Refinance Company’s (SRC) third international Sukuk issuance, totaling US$2.75 billion. The issuance comprises two tranches: a US$1.25 billion tranche maturing on January 14, 2032, and a US$1.50 billion tranche maturing on July 14, 2036. KIB executives highlighted the issuance's success amid regional challenges, emphasizing investor confidence and KIB's commitment to Sharia-compliant solutions. The syndicate included major institutions like HSBC, J.P. Morgan, and Standard Chartered, underscoring KIB's strong position in capital markets.