Kuwait-Mubasher: Ahli United Bank – Kuwait (AUB Kuwait) announced receiving approval from Kuwait's Capital Market Authority (CMA) to issue tier 1 capital-boosting sukuk not exceeding KWD 60.4 million ($200 million), according to the bank’s statement.

The bank will set the date of sukuk issuance and its value after getting other necessary regulatory approvals.

In mid-August, the bank also obtained approval from the Central Bank of Kuwait (CBK) to issue the sukuk, according to the bank’s statement.