While the sources did not reveal the total value of Kuwaitis’ subscription to Bahrain’s sukuk and bonds, given that it is difficult to limit them to all banks, they indicated that the subscriptions executed in these instruments were for the benefit of the banks and their clients, companies and individuals, with orders valued at tens of millions of dollars. In a related development, the sources said local investors submitted applications to subscribe to the sukuk that Saudi Arabia offered last week, as part of Saudi’s international programs for issuing sukuk and international bonds.

They stressed that the requests for investment in Saudi sukuks were for the account of local banks and for the benefit of individuals and companies of their clients in the sukuk, in which the total number of subscription requests reached more than 11 billion dollars, the coverage ratio exceeded more than 3.5 times the total issuance, and the total offering amounted to 3.25 billion dollars divided on two slides. The sources did not reveal the volume of Kuwaiti subscription to the Saudi sukuk, but they insinuated that the sums of some individual subscribers ranged between one million and three million dollars