Kuwait – Mubasher: Ahli United Bank – Kuwait (AUB Kuwait) received the Capital Markets Authority’s (CMA) approval for the local issuance and marketing of sukuk that are targeting a specific level of investors inside Kuwait.

The bank said that it the CMA nodded to the prospectus set for the issuance, according to a bourse statement issued Monday.

AUB Kuwait has signed an agreement with a consortium of international consultants to arrange for a series of marketing meetings that are scheduled to start on 12 October.

Late September, AUB Kuwait said it was delivered the CMA’s approval for sukuk issuance with a maximum level of $200 million.