Greenberg Traurig Assists in KIB's $500 Million Sukuk Offering

Greenberg Traurig Supports KIB's Sukuk Issuance

On September 17, 2026, Kuwait International Bank (KIB) launched its inaugural senior sukuk issuance, amounting to an impressive US$500 million. The issuance significantly oversubscribed, signaling a robust vote of confidence from the international investment community. This pivotal step in KIB's funding strategy was backed by a dedicated team from the international law firm Greenberg Traurig, which represented both the regional and international joint lead managers.

Background on KIB

Kuwait International Bank has been a cornerstone of Islamic banking since its establishment in 1973. Originally known as the Kuwait Real Estate Bank, it has evolved into a major player in the financial scene, offering a wide array of Islamic banking and finance services to both individual and corporate clients. The bank is regulated by the Central Bank of Kuwait and has been publicly listed on the Kuwait Stock Exchange since July 2007.

Details of the Sukuk Issuance

The sukuk issuance due in 2031 was part of KIB's broader US$1.5 billion sukuk program, which was previously structured with the guidance of Greenberg Traurig in September 2025. This recent issuance is a follow-up to KIB’s Tier 2 sukuk issued in October 2025, enhancing the bank’s liquidity and funding capabilities significantly.

The Greenberg Traurig team leading this initiative comprised notable figures including Capital Markets Shareholder Alex Roussos, Senior Associate Sana Siddiqui, and Paralegal Oshin Maheshwari. In celebrating the success of the sukuk issuance, Roussos expressed his satisfaction, stating, "We are delighted to have been part of the bank's inaugural senior unsecured sukuk issuance. The successful pricing demonstrates the bank's and joint lead managers' perseverance and commitment through these challenging market conditions."

Greenberg Traurig’s Presence in the Middle East

Since launching in the Middle East in 2023, Greenberg Traurig has made a strong impact across various industries, including real estate, infrastructure, energy, and private equity. The firm has rapidly established itself as a leading legal provider in the region, with a strategic presence in Dubai, Riyadh, and Abu Dhabi. This expansion showcases their commitment to supporting prominent financial institutions like KIB and their initiatives related to capital markets.

As a global powerhouse, Greenberg Traurig has approximately 3,200 lawyers in 51 locations worldwide, offering innovative and strategic legal services across various sectors. The firm has been recognized for its excellence in trust and relationship management, earning accolades as a 'Best of the Best Recommended Law Firm.' Their commitment to philanthropy, innovation, and pro bono work further cements their reputation in the legal community.

The Road Ahead

Looking forward, KIB's successful sukuk issuance is indicative of the bank's ambitious growth trajectory and the increasing trust from global investors. The collaboration with a pivotal law firm like Greenberg Traurig highlights the essential role of strategic legal support in navigating complex financial landscapes. This milestone not only boosts KIB’s position in the market but also underscores the continued evolution and expansion of Islamic finance on a global scale. As the landscape becomes more competitive, KIB is well-positioned to leverage its expertise in Islamic banking to attract further investment and foster sustainable growth across its operations.