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

Kuwaiti Islamic bank starts rights issue

Posted on 25 January 2010

From AFP: Kuwaiti Islamic lender Boubyan Bank on Sunday started a major rights issue aimed at raising its capital by 50 percent, the bank said.

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 155 fils (0.54 dollars)…………………Full Article: Source

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