Mubasher: The government of the Kingdom of Bahrain has raised $500 million with the private placement of a sovereign bond issue in partnership with five regional banks including Kuwait Finance House (KFH).
The issuance will help in financing the Bahraini government to overcome the unfavorable market conditions.
Moreover, it will allow the kingdom to negotiate with Saudi Arabia, the UAE and Kuwait to provide financial aids to Bahrain.
It is worth noting that Bahrain’s economy has witnessed several financial problems regarding the budget and currency, in addition to the massive drop in oil prices since 2014.
By 11:23 am Kuwait time, KFH’s stock declined 0.34% at 588 fils.