
London Stock Exchange celebrates Warba Bank Sustainable Sukuk Issuance
Warba Bank is a pioneering Islamic financial institution in Kuwait, dedicated to delivering innovative Sharia-compliant banking solutions. Today, we proudly mark a significant milestone by listing our US$ 500 million Sustainable Sukuk on the London Stock Exchange. This issuance, rated A by Fitch with a Second Party Opinion (SPO) from sustainable Fitch, demonstrates our unwavering commitment to sustainability and financial resilience.
The overwhelming demand for our Sukuk, with investor orders surpassing US$ 1.8 billion, highlights the strong confidence in Warba Bank's creditworthiness and strategic direction. The funds raised will be allocated to financing or refinancing projects in line with Warba Bank Sustainable Finance Framework, focusing on renewable energy, sustainable water management, and community development projects that support environmental, social, and governance (ESG) criteria.