Kuwait's KIPCO Says Receives Approval For Stake Increase In Burgan Bank
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Kuwait’s KIPCO Says Receives Approval For Stake Increase In Burgan Bank

Kuwait’s KIPCO Says Receives Approval For Stake Increase In Burgan Bank

A bourse filing by KIPCO added that its direct and indirect stake in Kuwait’s Burgan Bank currently stands at 57.94 per cent.

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Kuwait Projects Company (KIPCO) said on Thursday it received approval from the country’s central bank to increase its stake in Burgan Bank by five per cent.

A bourse filing by KIPCO added that its direct and indirect stake in the Kuwait’s third-largest lender by assets currently stands at 57.94 per cent.

The statement did not indicate when the stake increase would be completed.


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