23.07.2009 - NBK buys 13.2pct of KIA’s stake in Boubyan for $295mln |
From Arabianbusiness.com: National Bank of Kuwait (NBK) has bought 13.2 percent of the Kuwait Investment Authority’s (KIA) stake in Islamic lender Boubyan Bank for $295m at a public auction. NBK bought 154 million shares in the bank for KD84.7m ($295m) or 550 fils a share, taking its holding in Boubyan to 321 million shares, or 27.5 percent..........Full Article: Source |