AUB Kuwait pays $5.5m sukuk yield

AUB Kuwait pays $5.5m sukuk yield
AUB will pay the yield on the period from 26 April to 25 October
Almutahed ALMUTAHED 0.00% 363.00 0.00

Mubasher: Ahli United Bank – Kuwait (AUB Kuwait) announced the second periodical distribution of yields on its perpetual sukuk for the Ahli United Sukuk Limited at a total value of $200 million.

Total yields stood at $5.5 million, with an annual rate of 5.5%, according to a bourse statement issued on Tuesday.

The distribution will be carried out through the sukuk-holders’ bank accounts on the maturity date.

On 25 October, AUB will pay the yield on the period from 26 April to 25 October 2017, the statement added.

At the stock level, AUB Kuwait started Tuesday’s session 0.74% higher at 407 fils.

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Source: Mubasher

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