ABU DHABI, United Arab Emirates – Friday, 25 September 2026 Prime Group, the international conglomerate led by Chairman Karim Bouhout, has announced a landmark USD 2 billion sukuk bond issuance aimed at financing a new wave of projects in oil, agriculture, and mining across the Middle East and Malaysia.
The move marks one of the group’s most significant fundraising efforts to date and signals its intent to deepen its presence in sectors that are central to the economic future of both regions.
A Strategic Push Into Essential Industries
Prime Group’s decision to focus on oil, agriculture, and mining reflects a calculated strategy. These three sectors form the backbone of energy security, food security, and industrial supply chains areas where demand continues to rise across the Middle East and Southeast Asia.
· Oil: The group is expected to direct funds toward upstream and midstream opportunities, supporting energy infrastructure and regional supply capacity.
· Agriculture: Investments will target food production, processing, and supply chain resilience a priority for governments across the Gulf and Malaysia.
· Mining: Prime Group will look to develop rare mineral resources .
The sukuk issuance, structured to comply with Shariah principles, will be backed by tangible assets and projects a model that appeals to both conventional and Islamic institutional investors.
Leadership Behind the Vision
At the center of this expansion is Chairman Karim Bouhout, whose leadership has shaped Prime Group into a diversified conglomerate with a reputation for long-term thinking and disciplined execution. Under his direction, the group has prioritized projects that combine commercial returns with tangible economic impact.
“Prime Group’s USD 2 billion sukuk is a reflection of our belief in the Middle East and Malaysia not just as markets, but as partners in building energy, food, and resource security for the long term.”
Karim Bouhout, Chairman of Prime Group
Why Sukuk?
Sukuk, often described as Islamic bonds, are asset-backed instruments that generate returns through real economic activity rather than interest. They have become a preferred financing tool for sovereigns and corporations across the Gulf, Malaysia, and beyond.
For Prime Group, the sukuk issuance offers several advantages:
· Access to a broad pool of Shariah-compliant and ethical investors
· Alignment with regional financial preferences in the Gulf and Malaysia
· A structure that ties funding directly to productive projects
Target Markets: Middle East and Malaysia
The choice of the Middle East and Malaysia as target markets is deliberate. Both regions share strong demand for energy, food, and mineral resources and both have well-established Islamic capital markets that support sukuk issuance.
Malaysia, in particular, is a global leader in sukuk structuring and Islamic finance, making it a natural partner for Prime Group’s fundraising plans. The Middle East, meanwhile, offers both capital and project opportunities in oil and infrastructure.
Looking Ahead
With USD 2 billion in planned sukuk financing, Prime Group is positioning itself for a new phase of international growth. The group’s focus on oil, agriculture, and mining combined with its presence in the Middle East and Malaysia places it at the intersection of some of the world’s most important economic corridors.
For Chairman Karim Bouhout and Prime Group, the message is clear: this is a long-term play, built on real assets, real projects, and real partnerships.
About Prime Group
Prime Group is an international conglomerate led by Chairman Karim Bouhout, with activities spanning oil, agriculture, and mining. The group operates worldwide is currently raising USD 2 billion through a sukuk issuance to fund global projects.
