Gulf Investment Corp GSC Kuwait (GIC)

GIC issues maiden RM600mil sukuk

Gulf Investment Corp GSC Kuwait (GIC) has issued its maiden local currency sukuk yesterday, making it the first Gulf Cooperation Council (GCC) issuer in the Malaysian sukuk market.
The RM600mil sukuk is an inaugural issue from GIC’s RM3.5bil sukuk medium-term note programme.
The Royal Bank of Scotland Bhd (RBS) is the sole principal adviser and sole lead arranger. RBS also acted as joint lead managers and joint bookrunners alongside Maybank Investment Bank Bhd.

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