Kuwait’s NBK and KFH lead $4.9-billion financing for KPC

KUWAIT CITY, November 21, 2025 – National Bank of Kuwait (NBK) and Kuwait Finance House (KFH) have co-led a USD 4.88-billion syndicated facility for KPC to fund capital projects, the banks announced on Wednesday.

The transaction is the largest-ever facility denominated in Kuwaiti dinars, and comprises a USD 2.7-billion conventional term loan and a USD 2.2-billion Islamic financing facility. NBK and KFH served as joint lead arrangers and bookrunners, with NBK acting as the global and conventional facility agent, and KFH as the Islamic facility agent.

The total financing commitments from NBK and KFH amounted to USD 1.6 billion and USD 1.3 billion, respectively.

Additional lenders included Al Ahli Bank of Kuwait, Burgan Bank, Commercial Bank of Kuwait (Al-Tijari) and Gulf Bank on the conventional side, and Boubyan Bank, Kuwait International Bank and Warba Bank on the Islamic side.

“This financing represents a significant milestone in KPC’s ongoing efforts to diversify its funding sources and enhance its financial resilience. The importance of this loan lies in its role in strengthening the Company’s ability to fund its strategic capital projects under the five-year plan, while also enhancing the efficiency of its financing structure and meeting its future funding needs,” said KPC CEO Sheikh Nawaf S. Al Sabah.

For more about KPC’s upstream and downstream investment priorities, read our interview with Sheikh Nawaf S. Al Sabah here.

The facility comes in the context of KPC’s 2040 agenda to enhance integration among Kuwait’s upstream and downstream production assets and grow the country’s international footprint in high-growth markets.

Photo courtesy of NBK

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