Financial and Banking News
Loans & Issues
Battle Intensifies for Commercial Bank of Kuwait
The battle for control of Commercial Bank of Kuwait (CBK) has intensified inthe run-up to the bank's annual shareholders' assembly on 6 May. KuwaitInternational Investment Company (KIIC) has been building a stake in the bankand hopes to be able to take control of it, since KIIC holds 10% of CBK's sharesand is confident that it already has the support of a majority of the...