MANAMA: Khaleeji Commercial Bank (KHCB) has finalised issuance of sukuk worth $159 million fully covered by GFH Financial Group as the sole subscriber.
The issuance proceeded after the approval of regulatory authorities and the extraordinary general assembly earlier this year, as shareholders had initially supported the bank to issue sukuk as additional tier 1 capital worth up to $200m, with the aim of reinforcing the capital base and contributing to the achievement of intermediate objectives within the bank’s new strategy .
