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

Kuwaiti Islamic bank plans major rights issue

Posted on 12 November 2009

From Msn.com: Kuwaiti Islamic lender International Bank said on Wednesday it plans to raise its capital by 45 percent.

In a statement on the Kuwait Stock Exchange website, the bank said the share price in the rights issue will be at a nominal value of 100 fils (0.35 dollars) in addition to a premium of 70 fils (0.24 dollars)……………………………Full Article: Source

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