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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment, Market

Kuwait’s NBK renews approval to buy 40 pct in Boubyan

Posted on 03 July 2009

From Reuters: National Bank of Kuwait said on Thursday the central bank has renewed its approval for the country’s biggest bank by assets to buy up to 40 percent in Islamic lender Boubyan Bank. Kuwait Investment Authority , the OPEC member’s sovereign wealth fund, is the largest shareholder in Boubyan with a 20 percent stake, according to bourse data.

A unit of KIA announced last week that KIA will offer its Boubyan stake in a public auction in July………Full Article: Source


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