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Warba Bank shareholders approve sukuk issue

Warba Bank shareholders approve sukuk issue
The board will have the authority to determine the nominal value of sukuk issue (Photo Credit: Arabianeye-Reuters)
WARBABANK
WARBABANK
0.00% 186.00 0.00

Kuwait – Mubasher: The ordinary general meeting of Warba Bank agreed on authorising the board of directors to issue sukuk and other financing tools that are subject to the Islamic sharia law.

The board will have the authority to determine the nominal value of sukuk issue as well as its conditions, according to a bourse statement issued Thursday.

Warba Bank’s stock ended Thursday’s session at 166 fils, after nearly 64,000 shares were traded at a value of around KWD 10,640.