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|15 July, 2018

Kuwait's KIB secures a $250mln Murabahah financing scheme

The landmark financing was concluded with a consortium of international and local banks

Image used for illustrative purpose. Young Arab investor monitoring his investments.

Image used for illustrative purpose. Young Arab investor monitoring his investments.

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KIB announced that it has secured a $250 million three-year syndicated Murabahah financing facility, reported local daily, Arab Times.

The landmark financing was concluded with a consortium of international and local banks which include Standard Chartered Bank, First Abu Dhabi Bank as well as National Bank of Kuwait, Kuwait Finance House and Boubyan Bank.

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El Saka, said that the competitive terms of this financing is a clear indication of the high confidence, strong reputation and ratings that KIB enjoys in the banking industry across the region.

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