ICD SERVES AS JOINT LEAD MANAGER FOR KUWAIT FINANCE HOUSE'S SUCCESSFUL USD 1.0 BILLION SUKUK ISSUANCE

• ICD serves as Joint Lead Manager for KFH's USD 1.0 billion 5-year Senior Sukuk.
• Transaction opens the 2026 Senior Sukuk market with exceptional investor demand.
• Achieves KFH's tightest-ever pricing at 5-Year US Treasury + 85 basis points.
• Strong orderbook of USD 2.25 billion enables significant 35bps tightening from initial price thoughts.
• Reinforces ICD's commitment to developing Islamic capital markets across member countries.

Jeddah, Saudi Arabia, 15 January 2026 - The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, has participated as Joint Lead Manager in Kuwait Finance House's (KFH) successful USD 1.0 billion 5-year Senior Sukuk issuance, which was priced on 6 January 2026. This landmark transaction opened the 2026 Senior Sukuk market, demonstrating continued investor confidence in both KFH and Shariah-compliant capital markets in the State of Kuwait.

The issuance achieved exceptional market reception, attracting total orders of USD 2.25 billion, representing more than 2x oversubscription. Final pricing was set at 5-Year US Treasury + 85 basis points, marking KFH's tightest-ever print in the primary credit markets. The transaction witnessed a significant 35 basis points tightening from initial price thoughts, reflecting strong investor appetite and strong confidence in KFH's credit profile, strategic positioning, and robust fundamentals.

The 5-year Sukuk provides KFH with flexible, long-term Shariah-compliant financing for general corporate purposes, supporting the bank's continued growth trajectory and strategic initiatives in the Islamic banking sector. As one of the world's pioneering Islamic financial institutions, KFH plays a vital role in expanding Shariah-compliant banking services across Kuwait and the broader region. The transaction's competitive pricing underscores market recognition of KFH's operational excellence, strong credit standing, and leadership position in Islamic finance.

ICD's participation as Joint Lead Manager reflects its ongoing commitment to developing Islamic capital markets across member countries. This focus on capital market development is particularly significant in jurisdictions like Kuwait, where robust banking systems ensure that private sector funding needs are sufficiently met by local financial institutions, while capital market transactions provide additional diversification and flexibility. Supporting institutions like KFH, whose initiatives expand access to Shariah-compliant financial services, aligns directly with ICD's developmental mandate and mission to empower sustainable private sector growth.

The successful completion of this Sukuk issuance underscores the robust global appetite for high-quality Shariah-compliant investment opportunities from leading Islamic financial institutions. It also highlights ICD's technical expertise in structuring and distributing Shariah-compliant securities, reinforcing the Corporation's pivotal role in deepening capital markets infrastructure and expanding financing alternatives for premier institutions across its member countries.

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About Kuwait Finance House (KFH): Kuwait Finance House (KFH) is considered a pioneer in the banking phenomenon known as Islamic Finance or Shariah-Compliant Banking. KFH is the first Islamic bank established in 1977 in the State of Kuwait and today it is one of the foremost Islamic financial institutions in the world. KFH is listed on the Kuwait Stock Exchange (KSE) and Bahrain Bourse.

About the Islamic Corporation for the Development of the Private Sector: ICD, a member of the Islamic Development Bank (IsDB) Group, is a multilateral financial institution established in 1999. ICD promotes economic development in member countries by financing private sector projects, fostering competition and entrepreneurship, offering advisory services, and encouraging cross-border investments. It holds strong credit ratings, including A2 by Moody's, A+ by Fitch, and A by S&P. ICD focuses on Shari'ah-compliant financing for projects like infrastructure and private equity funds, aiming to create jobs and boost exports.

For more information, visit: www.icd-ps.org.

For media inquiries, contact: icd.communication@isdb.org