NO. 32


Financial and Banking News

Regional Banking

Takeover Bid for Commercial Bank of Kuwait Fails

The board of directors at Commercial Bank of Kuwait (CBK) retained controlover the bank at its annual shareholders' meeting on 6 May, despite a determinedeffort by a rival group of shareholders to replace them (MEES, 9 April). Sevenof the ten board members stood for re-election in support of the status quo andall were successful while the three other board positions were...