Mubasher: The Capital Markets Authority (CMA) has given approval for Warba Bank’s prospectus for issuing and marketing perpetual sukuk worth $250 million or less inside Kuwait.

The sukuk is subject to tier 1 for increasing the capital, based on the requirements of Basel III and the regulatory entities.

On the stock level, Warba Bank ended Thursday’s trading session lower by 0.82% to 242 fils, after 1.67 million shares were trded at a value of around KWD 403,500.