VOL. XLVII

No 17

26-April-2004

REGIONAL BANKING

Amiri Decree Issued To Establish Bubiyan Bank In Kuwait

An Amiri decree has been issued to establish Bubiyan Bank as a public Kuwaiti company said the 18 April edition of the Official Gazette. The bank will have paid up capital of KD100mn ($339mn) and will practice according to Islamic jurisprudence. The Central Bank of Kuwait (CBK) issued a license for the Kuwait Investment Authority (KIA) to set up the new bank earlier this year (MEES, 2...