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Islamic Finance Briefing - Categorized | Banking, Market Moves more

CBK investment unit restructures

Posted on 03 July 2009

From Tradearabia.com: The Commercial Bank of Kuwait has started restructuring its investment unit in a strategy shift focusing on investments at home instead of abroad, the firm said.

CBK Capital’s chairman Fowzi Al-Ateeqi said in a statement that the group, which saw its first quarter profits tumbled 91 percent, has laid off some non-Kuwaiti employees……….Full Article: Source

 
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