BCIB Acquires 20% of Amwalus Finance; Issues $5B MTN to Boost Shariah Housing in Oman, GCC

Muscat, Sultanate of Oman - June 5, 2025 - BCIB Holding Co., Ltd. is pleased to announce the acquisition of a 20% equity stake in Amwalus Finance LLC, marking a strategic alliance to accelerate the development of Shariah-compliant, affordable housing across Oman and the broader GCC region.

To support this initiative, Bastion Commonwealth Investment Bank, the banking subsidiary of BCIB Holding, has issued a USD 5 billion Medium Term Note (MTN). The facility was formally presented by Mr. Low Chun Keong, Managing Director of BCIB Holding Co., Ltd., and received by Mr. Wassem Mesto, Managing Director of Amwalus Finance LLC, a wholly owned subsidiary of Amwalus Trust, USA.

The signing ceremony was witnessed by Dr. Chutamas Vongvorakit, Co-founder and Chief Financial Officer of BCIB Holding, reflecting the company's strong leadership and commitment to ethical, high-impact investments.

⁠"This strategic investment, backed by institutional financing through Bastion Commonwealth Investment Bank, underscores our dedication to fostering inclusive and sustainable development in the region," said Mr. Low Chun Keong, Managing Director of BCIB Holding. "Together with Amwalus Finance, we are delivering Shariah-compliant housing solutions that address real community needs."

⁠"We are proud to welcome BCIB Holding as a key strategic partner in our mission to provide dignified, affordable housing guided by Islamic finance principles," said Mr. Wassem Mesto, Managing Director of Amwalus Finance LLC. "With this collaboration, and the support of Bastion Commonwealth Investment Bank, we are well-positioned to scale our impact across the GCC and meet the growing demand for ethical, inclusive housing solutions."

This partnership represents a key milestone in BCIB Holding's mission to promote long-term socioeconomic advancement through innovative Islamic financial solutions, with a focus on infrastructure, housing, and equitable regional growth.

Daniel Lim
Corporate Affairs Office
Email: daniel.lim[@]bcibholding.com
Phone: ++66-(0)2-624-0500
Website: https://bcibholding.com

BCIB Holding Co., Ltd.
999, Gaysorn Building,
5th Floor, Unit 5B-1,
Ploenchit Road, Lumpini, Patumwan,
Bangkok 10330,
Thailand

About BCIB Holding Co., Ltd.
BCIB Holding Co., Ltd. is a Thailand-based financial holding firm with partners across Asia, Europe, and the Americas. It is the parent of Bastion Commonwealth Investment Bank, specializing in sovereign finance, ESG and Islamic finance, and digital financial infrastructure.

About Amwalus Finance LLC
Amwalus Finance LLC is a Delaware-incorporated financial institution with strategic operations in Oman, specializing in Shariah-compliant, asset-backed financing for affordable housing, infrastructure, and sustainable community development across the GCC and other Islamic markets. The company partners with governments, developers, and institutions to deliver ethical capital through sukuk, medium-term notes, and Islamic project financing.

With BCIB Holding Co., Ltd. as a strategic equity partner, Amwalus leverages strong financial expertise to scale high-impact, Shariah-aligned initiatives while advancing national housing and sustainability goals.

This release was published on openPR.