KEPCO's Consolidated Stake in Burgan Bank Rises to 65.16%
Qiyas summary
KEPCO revealed an increase in its stake in Burgan Bank to 65.16% through 2.79 billion shares.
Translated by Qiyas from الجريدة — Original source
Kuwait Projects Company (Kuwait Holding) “KIPCO” announced that its aggregate ownership stake in Bank of Kuwait and the Middle East (Boubyan Bank) has risen to 65.16% of the bank’s capital, equivalent to approximately 2.79 billion shares.
In a disclosure to the Kuwait Stock Exchange, KIPCO stated that its total ownership, including that of its subsidiaries, in Boubyan Bank stood at 2.11 billion shares, representing a 64.3% stake, prior to the change.
