Latest news with #KIB
Zawya
2 days ago
- Business
- Zawya
KIB Invest plays key role in Boubyan's $3bln sukuk issuance
Kuwait International Bank (KIB) Group has announced that its investment arm, KIB Invest, played a key role as a joint lead manager in the issuance of senior unsecured US dollar-denominated sukuk with a five-year maturity, issued by Boubyan Sukuk on behalf of Boubyan Bank. The issuance, structured according to Wakala and Murabaha principles and valued at $500 million, is part of Boubyan Bank's $3 billion Trust Certificate Issuance Program. It garnered strong interest from both regional and international investors, reflecting solid confidence in Kuwait's Islamic financial and banking institutions. The issuance is supported by Boubyan Bank's strong credit ratings from leading global agencies, including an 'A2' rating from Moody's and an 'A' rating from both Standard & Poor's (S&P) and Fitch. Commenting on the occasion, CEO Jamal Al Barrak said: "KIB Invest is pleased to have participated in this successful joint issuance. Our involvement reflects the market's confidence in the sharia-compliant investment instruments, as well as the trust placed in us by investors and stakeholders across both regional and global markets." Al Barrak also highlighted that KIB Invest is strategically advancing its regional and international expansion by actively participating in high-profile transactions. He affirmed the company's commitment to delivering Sharia-compliant investment solutions through a growing platform, supported by a team of experts and aligned with international standards in Islamic finance. Ma'ab Mohammed Al Qassem, the General Manager of International Banking and Financial Institutions at KIB, expressed her appreciation to Boubyan Bank for their confidence in the capabilities and expertise of KIB Invest's team. "The selection of KIB's investment arm for this landmark issuance underscores the strength of relationships among local banks and sets the stage for deeper partnerships within Kuwait's Islamic banking sector," she stated. "This transaction also highlights KIB's ongoing support for local banks and its role in empowering regional financial institutions through strategic partnerships that enhance access to capital markets," she added. Al Qassem further reaffirmed KIB's commitment to fostering the growth of capital markets through innovative, Sharia-compliant solutions designed to deliver strong long-term investment value. The sukuk issuance was jointly arranged by HSBC, Standard Chartered, and Citibank as global coordinators. In addition to KIB Invest, a number of prominent regional financial institutions also participated in managing the issuance, including Arab Banking Corporation, Boubyan Capital Investment Company, KFH Capital Investment Company, Warba Bank, Dubai Islamic Bank, SMBC Bank International, and the Islamic Corporation for the Development of the Private Sector. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Arab Times
12-05-2025
- Business
- Arab Times
The Stadium joins the ranks of ‘Major Sporting Event of the Year' nominees at SPIA 2025
KUWAIT CITY, May 12:In a new testament to its steadfast commitment to community development through sports, Kuwait International Bank (KIB) announced that its annual mega sporting event, KIB | The Stadium, organized by the Bank's strategic partner Suffix, was nominated for the Middle East Sports Industry Awards - SPIA 2025 in the 'Major Sporting Event of the Year' category. The nomination comes on the heels of the third season of KIB | The Stadium's notable success, which featured a first-of-its-kind show jumping tournament by the sea, pitting it against major sporting events, such asthe FIFA Beach Soccer World Cup UAE 2024 Dubai, the Formula 1 Etihad Airways Abu Dhabi Grand Prix, and the NBA Abu Dhabi Games 2024 presented by ADQ, among others. The Sports Industry Awards celebrate excellence in the Middle East's sports sector, recognizing the achievements of individuals, teams, and organizations that have contributed to advancing the sports culture in Kuwait and strengthening its societal and economic impact. Commenting on the nomination, Marwa Marafie, Manager of the Corporate Communications Unit at KIB, said: 'It is an honor to see KIB | The Stadium nominated alongside global sporting giants for this esteemed award, especially after presenting only three editions of the event in partnership with line with KIB's vision to become the Islamic bank of choice, commitment to social responsibility, and adherence to the finest environment, social, and governance (ESG) principles, we are proud to continue sponsoring and supporting initiatives across Kuwait that contribute to our society's comprehensive development.' She added: 'This nomination stands as a testament to our dedication to nurturing Kuwait's sporting culture, particularly equestrianism, which is deeply rooted in our nation's heritage. It also reflects the growing impact of KIB | The Stadium as a platform for celebrating equestrian talent, inspiring the next generation of athletes, and strengthening Kuwait's position as an emerging hub for international sporting events.' On his part, Ahmed Al-Majed, Chief Operations Officer of Suffix, said: 'Being nominated alongside some of the Middle East's most prestigious sporting events is a milestone moment for all of us at Suffix. This recognition affirms that a bold vision and strong partnership can place Kuwait on the global sports map. KIB | The Stadium has become more than just an event — it's a unique platform that shines a spotlight on equestrian sports, particularly showjumping, which is deeply rooted in our culture and identity. Through this initiative, we celebrate our heritage, empower emerging talents, and deliver unforgettable experiences that resonate across the community. We thank KIB for believing in this shared vision and continuing to support events that inspire national pride and international recognition.' It is worth noting that the Bank's sponsorship of KIB | The Stadium since its debut in 2023 stemmed from its firm belief in the unique power of sports in influencing positive change on the individual and societal levels, especially among the younger generations. This comes as part of the Bank's comprehensive social responsibility program and multifaceted contributions to the overall development of Kuwaiti society, in line with its continued efforts to support the success of the New Kuwait Vision 2035.
Al Bawaba
29-04-2025
- Business
- Al Bawaba
KIB emphasizes the importance of saving and investing as core elements of a secure banking experience
Kuwait International Bank (KIB) resumes its dedicated efforts at raising the level of financial awareness among its customers within the framework of its support for the financial awareness campaign "Let's Be Aware" (Diraya) and promoting banking culture among members of society. KIB emphasizes the importance of adopting a culture of saving and investing as a solid foundation for a secure and future-oriented banking experience. Additionally, the Bank seeks to educate customers about accessing its innovative products and services and utilizing its advanced digital channels specializing in investment, savings, and money this context, Abdullah Al Khamees, Senior Specialist, Internal Communications – Marketing and Corporate Communication at KIB, said: 'We are pleased to contribute to advancing the essential and important culture of saving and investing in Kuwait, as it represents a safe and sustainable path for future banking experiences. At KIB, we are always committed to enhancing our customers' saving skills, as well as maximizing the benefits of the investment products and tools we offer. This advanced approach reaffirms our commitment to empowering customers to increase their returns and savings rates, achieve their aspirations of educating their children, start personal projects, or enjoy a more comfortable and secure retirement.'He added: "KIB spares no effort in adhering to all the recommendations of the 'Let's Be Aware' campaign. Furthermore, we focus on innovating services and launching products that meet our customers' aspirations and fulfill all their needs regarding saving and investing. Examples include the investment deposit that provides substantial returns over specific periods, the investment fund for joint investments in stocks, Sukuk, and money markets, as well as savings accounts that allow withdrawals and deposits at any time, along with a wide range of other services and products."Among the key advantages available at KIB is the Dirwaza account, one of the latest savings accounts designed for individual customers. It is based on the Wakala principle. This account is the best of its kind, providing the highest returns among investment savings tools, with an expected annual return of up to 2% disbursed on a monthly basis. It is worth noting that KIB diligently strives to provide its customers with a smoother, more efficient, and secure banking experience that aligns with their modern lifestyles and supports its leading role in enriching the banking sector with solutions and products. This is backed up by the Bank's comprehensive strategy which is focused on offering a more advanced and luxurious experience, reflecting its main slogan, 'Bank for Life'.
Yahoo
16-04-2025
- General
- Yahoo
Volunteer to spend Earth Day weekend picking up trash along Indianapolis' Pleasant Run
If you find yourself aimlessly doomscrolling through political and environmental news, Keep Indianapolis Beautiful CEO Jeremy Kranowitz says, why not spend your Earth Day weekend with hundreds of neighbors picking trash out of a major Indianapolis waterway? The local environmental nonprofit is spearheading a major cleanup this Saturday along more than five miles of the 27-mile Pleasant Run. Residents will flock to more than a half-dozen sites, from Christian Park on the near east side to Emhardt Park on the south side, spending hours removing litter from the White River tributary. In cities along waterways, up to half of all trash winds up in rivers and their tributaries, according to KIB's parent organization, Keep America Beautiful. Last year, KIB led an effort to remove 21 tons of litter from Indianapolis' waterways, Kranowitz said. "Every time there's a Coke can or a water bottle or a cigarette butt in the street and you get a rain event, it goes down the sewer and where's it end up?" Kranowitz said. "In the waterway." More: The White River will never be clean until we tackle this filth hiding in plain sight Using KIB's volunteer calendar at ( you can decide where and when you'd like to register to help. Four groups will meet at 9 a.m. and four groups will meet at noon Saturday along sections of Pleasant Run's path through south side neighborhoods. Click on the calendar's time blocks to find exact addresses across the Fountain Square and Garfield Park neighborhoods. Wear long sleeves and pants with sturdy boots to traverse steep slopes along the creek. KIB will provide litter grabbers, gloves and trash bags. "This is an opportunity for us to actually get off the couch, to get outside and to lend a hand to make a difference," Kranowitz said. Email IndyStar Reporter Jordan Smith at JTsmith@ Follow him on X: @jordantsmith09 This article originally appeared on Indianapolis Star: Earth Day environmental cleanup along Indianapolis' Pleasant Run
Al Bawaba
14-04-2025
- Business
- Al Bawaba
KIB promotes financial literacy at "FunFest" and showcases its products and services to visitors
Kuwait International Bank (KIB) recently set up a special booth at Souq Sharq's waterfront during the FunFest event, with the aim of promoting banking awareness and financial literacy among festivalgoers. The initiative is part of KIB's ongoing support for the 'Let's Be Aware' campaign, launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA) in collaboration with local banks. It also underscores the Bank's commitment to guiding customers in making informed financial decisions and protecting the security of their banking data. Commenting on the initiative, Sultan Alhajri, Area Manager of Retail Banking at KIB, said: 'Our participation in the FunFest event reflects our deep commitment to social responsibility and to building strong relationships with our customers and the community. KIB aims to always be a trusted partner in helping community members achieve their financial goals and enjoy a secure, stable financial life.' Alhajri added: 'By participating in events like FunFest, we aim to provide valuable insights into essential financial concepts and raise public awareness about best banking practices. This includes guiding attendees on managing their finances, protecting their banking information, safely using bank cards, and securing their accounts. We also highlight the steps needed to avoid fraud and phishing scams, while encouraging a culture of saving and investing. Our representatives also used the opportunity to shed light on the role of financial institutions—particularly in Islamic financing—and to introduce visitors to our wide range of innovative products and services designed to enhance their experience and meet their diverse needs.' It is worth noting that KIB continues to strengthen its role as a trusted financial partner, committed to raising public awareness on key banking topics in line with its comprehensive social responsibility strategy. The Bank constantly seeks to launch initiatives that promote financial literacy and support the objectives of the 'Let's Be Aware' campaign, embodying its corporate slogan 'Bank for Life'.
