Financial and Banking News


Alahli Bank to Raise Capital, Remove Director 

Kuwait's Alahli Bank, whose net income dropped 60.5Z last year, has received approval to increase its paid-up capital from KD31.5mn to KD41.74mn. 2,362,500 KD1 shares will be distributed among existing shareholders, with a further 7,875,000 shares being issued, at a KD1 premium, for general subscription. The bank is also to remove from its board its Managing Director, Mr. Husain Maki...