Kuwait International Bank (KIB), through its Islamic investment arm, KIB Invest, participated as a Joint Lead Manager in the pricing of the third issuance of international Sukuk guaranteed by the Government of the Kingdom of Saudi Arabia for the Saudi Real Estate Refinance Company (SRC), with a total value of US$2.75 billion. The US dollar-denominated issuance was structured in two tranches under the company’s international Sukuk issuance program. The SRC is a subsidiary of the Saudi Public Investment Fund. The issuance was structured under Mudaraba and Murabaha arrangements and priced ...