The Ministry of Finance successfully returned to international markets by completing the second international issuance of sovereign sukuk, compliant with Islamic Sharia principles, on Wednesday (25/06/2025). The issuance, valued at $1 billion and with an annual rate of 7.875% for 3 years, was a private placement, marking the second international issuance under the International Sovereign Sukuk Program, issued in February 2023. The program totals $5 billion
Kuwait Finance House, one of the largest Islamic banks in the world, fully invested in this private placement, enhancing partnerships and investment between the Egyptian and Kuwaiti sides
This issuance follows the first issuance of the program in February 2023 which valued $1.5 billion with an annual rate of 10.875%. The issuance confirms the state’s commitment to achieving its financial targets despite the changing economic and political challenges, as well as diversifying financing tools and sources in terms of markets, currencies, and investor base, while also achieving the best terms
