PROJECT

Projects

Summary of Investment Information

Project Number

51041

Company Name

JORDAN KUWAIT BANK

Date SPI Disclosed

Feb 4, 2026

Country

Jordan

Region

Middle East

Projected Board Date

Mar 16, 2026

Environmental Category

FI-2 - Limited

Status

Pending Signing

Last Updated Date

Mar 25, 2026

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Mar 24, 2026

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The proposed transaction involves a total bond issuance of US$120 million by Jordan Kuwait Bank PLC (JKB or the Bank), comprising an IFC subscription of up to US$100 million and an additional up to US$20 million from a co-investor. The Bank will issue a six-year, senior, unsecured green bond through a private placement (the “Bond” or the “Project”). This will be JKB’s second Green Bond issuance, aligned with the International Capital Market Association’s (ICMA) Green Bond Principles. The use of proceeds will follow the Bank’s Green Finance Framework, published in 2023.

 

The Project is expected to be supported by the Market Accelerator for Green Construction (“MAGC”) Program as described in the Blended Finance Section.

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation