Noor’s OGM approves bond, sukuk issue

Noor’s OGM approves bond, sukuk issue
The bonds and sukuk will be issued in both local and foreign currencies
NOOR NOOR -0.19% 51.90 -0.10

Kuwait – Mubasher: Noor Financial Investment’s ordinary general meeting (OGM) on Monday approved the issuance of bonds and sukuk in Kuwait or abroad within the limit set by the Kuwaiti law.

The bonds and sukuk will be issued in both local and foreign currencies by Noor or a specialised company, whether national or foreign, according to a filing to the Boursa Kuwait.

Noor’s OGM authorised the company’s board to set the required rules, conditions, and procedures required for the issuance and offering of bonds and sukuk under the applicable laws and regulations.

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Source: Mubasher

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