Latest news with #KIBInvest
Al Bawaba
5 days ago
- Business
- Al Bawaba
KIB Group, represented by KIB Invest, serves as Joint Lead Manager in Boubyan Bank's USD3 billion sukuk issuance
Kuwait International Bank (KIB) Group announced that its investment arm, KIB Invest, successfully participated as a Joint Lead Manager (JLM) in the issuance of senior unsecured U.S. dollar-denominated sukuk with a five-year maturity, issued by Boubyan Sukuk Limited on behalf of Boubyan issuance, structured according to Wakala and Murabaha principles and valued at USD 500 million, is part of Boubyan Bank's USD 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 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 on the occasion, Jamal Al Barrak, CEO of KIB Invest, said: 'We are pleased to have participated in this successful joint issuance. KIB Invest's involvement reflects the market's confidence in our 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 her part, Ma'ab Mohammed Al Qassem, 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. She noted that 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 added: '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.'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 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. It is worth noting that KIB, through its investment arm KIB Invest, continues to solidify its position in the debt capital markets, driven by deep market expertise, disciplined execution, and a specialized team dedicated to providing Sharia-compliant financial solutions tailored to the needs of sovereign and institutional clients across the region.
Al Bawaba
27-04-2025
- Business
- Al Bawaba
KIB Invest Launches Islamic KD Money Market Fund
Al Dawli Invest Investment Company (KIB Invest), a leading firm in Shariah-Compliant investments, is pleased to announce the launch of its inaugural investment product, the Al Dawli Invest Islamic KD Money Market Fund. This marks a significant milestone as the first fund under the KIB Invest entity, showcasing the firm's commitment to delivering Shariah-Compliant investment solutions to its Al Dawli Invest Islamic KD Money Market Fund is specifically designed for investors seeking a secure and liquid investment option. By investing in highly liquid short- and medium-term Islamic money market instruments, the Fund aims to deliver competitive returns while ensuring full compliance with Islamic Shariah principles. Investors benefit from flexible access to their funds through weekly liquidity, offering convenience and control. With a focus on capital preservation, the Fund safeguards investor capital while generating consistent addition to its strong performance potential, the Fund features a highly competitive fee structure. With no subscription or redemption fees, it minimizes costs for investors, making it an attractive and affordable choice. This cost-effective approach ensures that more of the returns remain with the investors, enhancing the overall value proposition. Designed to offer returns comparable to Islamic deposit products, the Fund also provides the added advantage of enhanced liquidity.'We are proud to launch the Al Dawli Invest Islamic KD Money Market Fund, which represents a significant step forward for KIB Invest as we establish ourselves as a trusted partner for Islamic investments,' said Jamal Al Barrak, CEO of KIB Invest. 'This Fund reflects our commitment to aligning our clients' investment goals with their values, offering a secure and Shariah-compliant vehicle to manage their capital while benefiting from competitive returns and unmatched flexibility. Looking ahead, we are eager to introduce further products with varying return and risk profiles, catering to clients seeking higher growth opportunities and further broadening the investment universe available to them.'As part of its strategic vision, KIB Invest is dedicated to expanding the investment universe for the group's clients. The launch of the Al Dawli Invest Islamic KD Money Market Fund is supported by a robust Fund Executive Committee, composed of experienced professionals committed to delivering value and maintaining the highest standards of governance and performance. Islamic money market instruments present an attractive return profile, closely resembling the returns of traditional deposits while providing enhanced flexibility through liquidity. This makes the Al Dawli Invest Islamic KD Money Market Fund an ideal choice for investors seeking stability, compliance, and accessibility.
Al Bawaba
19-03-2025
- Business
- Al Bawaba
KIB Invest proudly sponsors UIC 20th Anniversary Ceremony
KIB Invest, the investment arm of Kuwait International Bank (KIB), is honored to have sponsored the 20th Anniversary Ceremony of the Union of Investment Companies (UIC). This milestone event, held on March 18 at the Grand Hyatt Hotel, celebrated two decades of UIC's contributions to the investment sector. It highlighted UIC's role in empowering investment companies and fostering economic growth in Kuwait. As a dedicated member of UIC, KIB Invest remains deeply engaged in the organization's initiatives, with representatives actively contributing to key UIC committees. The UIC 20th Anniversary Ceremony brought together prominent executives, industry leaders, and key decision-makers from the investment, banking, and financial sectors. The event served as a platform to reflect on the organization's history and its pivotal role in shaping Kuwait's investment sector. Attendees explored the evolution of both local and global economies, discussing major financial and business milestones that have shaped the investment landscape. Jamal Al Barrak, CEO of KIB Invest, said: 'At KIB Invest, we are proud to be part of UIC's journey in empowering investment companies and driving growth within the industry. Our active involvement in UIC's initiatives and committees allows us to collaborate on new ideas and solutions that address the evolving challenges of the investment sector. Supporting important community events like the UIC 20th Anniversary is not just about celebrating milestones but about forging stronger partnerships and contributing to the broader development of the industry. We look forward to continuing our work with UIC to foster innovation, collaboration, and success for all investment firms in the region.'For his part, Rakan Al Ahmad, KIB Invest's Head of Investor Relations and Marketing, emphasized that 'KIB Invest's sponsorship of UIC's 20th Anniversary demonstrates our commitment to fostering long-term relationships and collaborating to shape the future of the investment sector. The event showcased the collective efforts of all contributors to UIC's success, and we are proud to celebrate this milestone. Through such strategic partnerships, we continue to strengthen our presence in the industry while supporting each other's growth and development as part of the broader investment community.' The UIC 20th Anniversary celebration featured a discussion panel with distinguished economists and industry experts to discuss the future of investments in Kuwait and the broader region. UIC also outlined its vision for the sector, emphasizing sustainability and its alignment with Kuwait's Vision 2035. The event concluded with a recognition ceremony honoring former UIC chairmen, longstanding member companies, and firms recognized for their significant contributions to the Center for Investment Studies.
