GIB Capital is pleased to announce its role as a Joint Active Lead Manager and Bookrunner in the issuance of €500mm RegS Senior Unsecured Sukuk for Islamic Development Bank (IsDB), with a five-year tenor priced on October 30, 2024.

This marks IsDB’s second Euro-denominated issuance and GIB Capital’s first Euros transaction in Euros, highlighting GIB Capital’s expansion into international financial markets. GIB Capital was the only Saudi company involved in this transaction, alongside a consortium of international banks, including Abu Dhabi Commercial Bank, BNP Paribas, Credit Agricole CIB, ING, JP Morgan, Landesbank Baden-Württemberg, and NATIXIS.

Osamah Shaker, CEO of GIB Capital, stated, “We are proud to play a key role in this significant Sukuk issuance for IsDB. This transaction not only showcases investor confidence in IsDB but also reflects our commitment to expanding our footprint in the Euro-denominated market. We look forward to supporting IsDB's growth and its vital development initiatives.”

GIB Capital reaffirms its commitment to delivering best-in-class financial services and solutions to its clients and looks forward to further strengthening its partnership with IsDB in support of its development objectives.