Home Industry Finance Kuwait’s Burgan Bank To Start $353m Rights Issue On Nov 16 The lender, Kuwait’s third largest by assets, is issuing 216 million new shares. by Reuters November 9, 2014 Follow us Follow on Google News Follow on Facebook Follow on Instagram Follow on X Follow on LinkedIn Burgan Bank, Kuwait’s third-largest lender by assets, will open subscription for its rights issue next Sunday, with shares priced at KD0.475 each, it said in a statement. The price of shares under the rights issue, which will run until December 14, will be a 10.4 per cent discount to the current share price, according to Reuters calculations. Shares in Burgan Bank closed at KD0.530 on Sunday. The capital increase will be worth KD102.6 million ($352.5 million), according to Reuters calculation, as it is issuing 216 million new shares. 0 Comments