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

Kuwait’s Boubyan share issue over 85pct covered

Posted on 11 February 2010

From Arabianbusiness.com: Kuwaiti Islamic lender Boubyan Bank said it received subscriptions of more than 85 percent to a share issue, which it may reopen.

The capital increase was “over 85 percent covered” and the board of directors would recommend to reopen the rights issue for existing shareholders, a bank statement said………………………………….Full Article: Source

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