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Kuwait’s NBK gets nod to raise Boubyan stake

Posted on 29 March 2010

From Reuters: National Bank of Kuwait has received approval to buy up to an additional 20 percent in Boubyan Bank, which could help Kuwait’s largest lender boost its Islamic business.
NBK said in a statement on Sunday it had received the central bank’s approval — valid for three months starting March 22 — to raise its stake in Islamic lender Boubyan Bank to up to 60 percent from 40 percent……………………………….Full Article: Source

 
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