Kuwait City, Mar 13: Warba Bank acted as Joint Lead Manager and Joint Bookrunner on the successfully placed Sukuk issuance for Cenomi Centers (Arabian Centres Company - “ACC”), rated Ba3/BB+ by Moody’s and Fitch. The five year 500 million Dollar was issued with a fixed coupon rate of 9.5 %. Warba Bank was appointed alongside other regional and international financial institutions to manage the issuance which was listed on the international stock exchange. Thuwaini Khalid Al-Thuwaini, Chief Investment Banking Group at Warba Bank said that the Sukuk issuance was successful in generating an order book reaching over US$ 1.5 billion. "We are pleased to play such a lead role on this sukuk issuance for Cenomi Centers.”

Al-Thuwaini pointed out that the transaction was successfully led by Abu Dhabi Islamic Bank, ANB Capital, Dubai Islamic Bank, Emirates NBD, GFH, Goldman Sachs International, HSBC, JP Morgan, Kamco Investment Company, Mashreq Bank, Sharjah Islamic Bank, and Warba Bank as Joint Lead Managers and Bookrunners. Al-Thuwaini added that Warba Bank also recently successfully placed Sukuk issuance for Emirates Strategic Investments Company via a 700 million Dollar 5-year Sukuk on 14 February 2024 with a fixed coupon rate of 5.831%. Transaction was successfully led by Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq, Standard Chartered Bank and Warba Bank as Joint Lead Managers and Bookrunners generating an order book reaching US$ 1.7 Billion.

Al-Thuwaini also added that Warba Bank continues to support the business sector in emerging markets by providing them with bespoke financing and investment solutions that are flexible and efficient. This is based on the Bank's strategy to establish Warba Bank as a leader in the corporate and investment sector both in Kuwait and international markets.