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National Bank of Kuwait (NBK) is offering 581 million dinars ($2.07 billion) for the remaining stake in Boubyan Bank that it does not already own, the country’s largest lender said on Thursday.
NBK, which currently owns 47.29 percent stake in the Islamic lender, will offer 630 fils per share for the stake, said in a bourse statement. Boubyan shares closed at 600 fils on the Kuwait stock exchange on Wednesday………………………………………..Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Investment, Market Moves more
Kuwait’s NBK offers $2.1bln for full control of Boubyan
| Posted on 15 June 2012 |
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