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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds) more

NBK raises Boubyan stake to 12.43pc

Posted on 19 June 2009

From Tradearabia.com: National Bank of Kuwait (NBK) raised its stake in Boubyan Bank to over 12 percent becoming the third-largest shareholder in the Islamic lender to help boost its sharia-compliant business.

NBK, the country’s biggest bank by assets, increased its stake to 12.43 percent from 10.16 percent, according to data on the Kuwait Stock Exchange on Thursday………Full Article: Source

 
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