BooBayan Bank Recovers $500M in Sukuk

Burgan Bank announced the successful redemption of a perpetual bond valued at $500 million, issued on April 1, 2021, on October 1, 2026, following the completion of all necessary procedures and approvals from the relevant authorities. The bank confirmed that this process does not materially affect its financial position and that it achieved strong financial results, recording profits of 54.72 million Kuwaiti dinars in the first half of the year, representing a 5% increase compared to the same period last year.

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