The talks are progressing, with both sides aiming to finalize an agreement on the first tranche before the end of 2025 or during the first quarter of 2026.
The three-year sukuk will mature in June 2028 and carry an 8% coupon rate, the source added.
Kuwait is looking to move forward with its plan soon, with the aim of investing at least $ 2 billion before the end of this year. However, Bloomberg notes that no final decision regarding the exact timing has been made yet.
Heiba highlighted hospitality and healthcare as particularly promising fields for Kuwaiti capital, citing strong returns and favorable incentives.
In the long term, Kuwait is targeting $ 10 billion in total investments in Egypt, one of the sources confirmed. However, no specific timeline has been provided for achieving this target.
