Mubasher: Kuwait International Bank (KIB) has signed a joint murabaha agreement with international and local banks for a total value of $250 million.

This finance will last for three years and will endorse KIB’s liquidity in the long and medium term and improve the financial position of the deposits.

The payment will be in one installment by the end of the financing duration.

The lead arrangers of this murabaha deal include Standard Chartered, First Abu Dhabi Bank, Boubyan Bank, the National Bank of Kuwait (NBK), and Kuwait Finance House (KFH).