Greenberg Traurig has advised the Joint Lead Managers on Kuwait Finance House’s (KFH) US$1 billion sukuk issuance of trust certificates due 2031.
The certificates were issued by KFH Sukuk Company under its US$4 billion Trust Certificate Issuance Programme, with KFH acting as obligor. The sukuk are senior unsecured obligations issued under Regulation S and are listed on the International Securities Market of the London Stock Exchange. This marks the third US$1 billion sukuk issued under the programme, following similar transactions completed in 2024 and 2025.
The sukuk were priced on January 6 with a five-year tenor. Demand was strong, with the order book exceeding more than twice the targeted issuance size, highlighting continued investor appetite for high-quality Shariah-compliant instruments. Greenberg Traurig also advised the Dealers and the Delegate on the programme update completed on December 22, 2025.
The transaction underscores the depth and liquidity of the international sukuk market and demonstrates the continued ability of regional financial institutions to access global capital markets through Shariah-compliant structures.
Kuwait Finance House, established in 1977, is recognised as the first Islamic bank in Kuwait and remains one of the world’s leading Islamic financial institutions.
The Greenberg Traurig team advising on the transaction was led by Capital Markets Shareholder Alex Roussos, along with Senior Associate James Osun-Sanmi and Practice Group Attorney Katie Phillips from the firm’s Dubai office.
Greenberg Traurig entered the Middle East market in 2023 and has since expanded its regional presence with offices in Riyadh, Dubai, and Abu Dhabi, advising clients across a broad range of sectors including capital markets, finance, mergers and acquisitions, and dispute resolution.