News > Bank of Sharjah acts as joint lead manager, bookrunner in $300 million sukuk

Bank of Sharjah acts as joint lead manager, bookrunner in $300 million sukuk

Bank of Sharjah acted as a joint lead manager and bookrunner in a USD300 million Additional Tier 1 (AT1) 5.5-year sukuk for Kuwait International Bank (KIB). The transaction represented the first US dollar AT1 issuance from Kuwait since 2021 and marked KIB's third issuance into the US dollar capital markets. The issuance garnered strong demand, evidenced by order books that peaked at an oversubscription of 2.2x.