Greenberg Traurig Advises on Kuwait International Bank's $500M Sukuk Issuance
A team from Greenberg Traurig represented the joint lead managers in Kuwait International Bank’s (KIB) US$500 million sukuk issuance, which is due in 2031. This marks KIB’s first senior unsecured sukuk offering and was significantly oversubscribed before being listed on the London market. The deal forms part of a broader $1.5 billion sukuk program that Greenberg Traurig also advised on last year. KIB, an Islamic bank based in Kuwait City since 1973, is regulated by the Central Bank of Kuwait and has been publicly traded on the Kuwait Stock Exchange since 2007. The firm’s Dubai office led the transaction with Alex Roussos at the helm. Greenberg Traurig expanded into the Middle East in 2023 and now operates offices across key markets including Riyadh, Abu Dhabi, and Dubai. The successful issuance reflects strong investor confidence despite challenging market conditions. It follows a Tier 2 sukuk offering by KIB earlier this year.
Topics: Islamic banking issuance Kuwait International Bank sukuk