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 team celebrating on the balcony at LSEG during the welcome ceremony.

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.

Quote from Senior Management:

“This Sustainable Sukuk issuance is a strategic step in enhancing our financial framework. It aligns with our commitment to sustainability and reinforces our position as a leader in responsible banking practices. This issuance not only broadens our investor base but also sets a benchmark for future financial instruments in the region.”

Abdullah Allanqawi
Chief Treasury Officer of Warba Bank

“We are grateful for the support of our advisors and partners, including HSBC, Standard Chartered Bank (SCB), Clifford Chance, ENBD, and Maples, whose expertise was crucial in the successful completion of this issuance.”

Advisors and Participants

Useful links

Check out what's happening at the Exchange

Looking to find out more about accessing capital?

If you'd like to find out more about accessing capital, please submit your details and a member of our team will be in touch.

By submitting this form, you agree to your personal data being shared within the London Stock Exchange Group of companies (LSEG) for the purpose of receiving communications via post, phone and electronic means from LSEG about events, resources, products, and/or services.

For more information on how LSEG uses your data, see our privacy statement. You can adjust your preferences at any time through the preference link in any electronic communication that you receive from us.