Home About Kuna Advertise Contact Us Kuna's Bureaus Services KUNA training center Term Of Use
Register Login
facebook Twitter Youtube rss
  
GCC seeks greater industrial sector's contribution to GDP - official      Ohio nightclub shooting not terror attack - police      Kuwait FM in Amman for Arab meeting      Saudi Arabia bans poultry imports from Malaysia due to bird flu      Turkish army kills 27 militants in SE Turkey, N. Iraq      Palestinian authorities in Gaza Strip close Beit Hanoun till further notice
  Economics
Warba Bank launches marketing campaign for USD-250-mln sukuk
28/02/2017 | LOC16:55
13:55 GMT
| Kuwait News
تصغير الخطالشكل الأساسيتكبير الخط
KUWAIT, Feb 28 (KUNA) -- Kuwait's Warba Bank announced Tuesday launching a marketing campaign this week for sukuk to be issued with a total value of USD 250 million.
Warba Bank's CEO Shaheen Hamad Al-Ghanim said in a press release that the campaign targets investors in Kuwait and Gulf Cooperation Council (GCC) countries, in addition to global stock markets in Europe and East Asia.
He added that the marketing campaign is largely expected to be successful in attracting funds from global market, and that based on positive responses from investors.
Al-Ghanim further noted that the IPO in Warba Bank's sukuks is considered a good opportunity for investment, and that stemming from what the bank has achieved in the past six years and the positive growth rates in assets and deposits, in addition to its increased profits. These sukuks will be listed in the Irish stock market and Nasdaq Dubai, he added.
Al-Ghanim explained that the bank signed a deal with an international advisor to a new strategy for 2021, which is based on improving the bank's operations in the corporate and investment sectors, and further enhancing the quality of assets, diversifying sources of income and achieving a stable income based on the bank's main banking activity.
He noted that Warba Bank has previously obtained approvals form the Central Bank of Kuwait and Capital Market Authority, while the General Assembly has also authorized the board of directors to issue sukuks and other financing contract-based tools that go in line with the Islamic sharia and requirements of the capital standard for Islamic banks (Basel 3). (end) fnk.tab.mt
 Print
  Email
 Save
Share
Share
Kuwait Vision
 
News Brief
 


KUNA publishes a book titled (His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah: A Humanitarian Leader) to commemorate the UN honoring of Kuwait's leader

 
Most Read Most Emailed  
1.   Amman Summit, first to use social media to spread message
2.   Oil monitoring cmte's meeting kicks off
3.   Oil Min. content with conformity to slash oil output
4.   Experts call for greater Arab efforts in Libyan matter
5.   Cutting oil production aims to rebalance oil market -- Oil Min.
6.   Housing Min., Chinese Co. ink infrastructure contract for S. Al Mutlaa
 
 
kuna magazien

 
Publications

 
WEATHER
PRAYER
CURRENCIES
KUWAIT AIRPORT
About KUNA KUNA SERVICES USEFUL LINKS KUNA ARCHIVE KUNA PUBLICATIONS
Home
About Kuna
Advertise
Contact Us
Kuna's Bureaus
Services
KUNA training center
Term Of Use
Read The Whole Newscast
Pictures (during the week)
FTP Service
KUNA Reader
SMS Services
الكويت فى ذاكرة الأيام
Job Application
Careers
Arab News Agencies
International News Agencies
Governmental Institutes
other useful links
Prayer Times
News Archive
Other News Services
Today In Kuwait's History
Events
Training Sessions
Videos
All KUNA right are reserved © 2012. This site is designed and published by IDS