Kuwait's Warba Bank has finalized all issuance and settlement procedures for its $250 million (approximately 81.4 million Kuwaiti dinars) Additional Tier 1 (AT1) capital sukuk, with dual listing on the London Stock Exchange's International Securities Market and Nasdaq Dubai.

In a disclosure published on the Kuwait Stock Exchange website Wednesday, Warba Bank projected the issuance would positively impact its financial position and regulatory capital ratios.

Bank Profile:

• Established: 2010

• Listed on Kuwait Stock Exchange: 2013

• Authorized Capital: 449.8 million dinars (~$1.3 billion)

• Operations: Provides Sharia-compliant banking services for proprietary and third-party accounts, including financial and direct investments

Key Transaction Details:

1. Instrument Type: Additional Tier 1 Capital Sukuk (Basel III-compliant)

2. Value: $250 million (81.4 million KWD)

3. Listings:

   • London Stock Exchange (International Securities Market)

   • Nasdaq Dubai

4. Sharia Compliance: Fully adheres to Islamic finance principles

Strategic Impact:

• Strengthens capital adequacy ratios

• Enhances international investor base

• Supports the bank's growth strategy while maintaining Sharia compliance