Complex Made Simple

Kuwait’s NIG looks to raise $358m

Kuwait's Warba Bank has been selected as lead arranger by National Industries Group Holding (NIG) to raise more than KD100m ($358m) in an Islamic syndicated loan, Reuters has reported. "Lead arranger (Warba Bank) will invite local, Gulf and international banks to participate in this financing," NIG said. "It comes in line with the strategy and objectives of the bank to support the local economy and local companies," it added.