Kuwait Financial Centre – Rating Assigned to Up to KWD50mn Senior Unsecured Bond Programme and First Tranche Bond Issue

3 December 2025

(This announcement replaces the version published on 2 December 2025 and corrects an error in the ratings table relating to the rating type.)

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has assigned a first-time Long-Term rating of ‘BBB’ to the Up to KWD50mn Senior Unsecured Bond Programme (the Bond or the Programme) of Kuwait Financial Centre K.P.S.C. (Markaz or the Issuer or the Company). At the same time, CI Ratings has assigned a Long-Term rating of ‘BBB’ to the first tranche of the senior unsecured bonds issued under the Programme which will consist of up to KWD35mn in fixed- and floating-rate notes. The Outlook for the Programme and first tranche bond issue ratings is Stable.

The ratings assigned to the Programme and bonds are in line with CI’s assessment of Markaz’s general creditworthiness. This is because the issues under the Programme constitute direct, unconditional and unsecured obligations of the Company,…