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

Kuwait’s NBK raises stake in Boubyan Bank to 47 pct

Posted on 13 April 2010

From Reuters: National Bank of Kuwait, the country’s largest lender, has raised its stake in Islamic lender Boubyan Bank to 47 percent, bourse data showed on Monday.

NBK had received the Kuwaiti central bank’s approval last month to raise its 40 percent stake in Boubyan to a maximum of 60 percent. The approval is valid for three months, starting March 22………………………………..Full Article: Source

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