No. 5



Shareholder Sells Stake In Burgan Bank

One of the largest shareholders in Burgan Bank, the third largest bank in Kuwait when ranked by equity, has sold his 10% stake in the bank for 205 fils a share. The Arabic daily Asharq al-Awsat, quoting reliable sources, says that Mr. Salah Fahd al-Sultan has disposed of his shares to the Kuwait Projects Company. The Chairman of Burgan's executive board, Mr. Ahmad 'Abd Allah al-Ahmad al-Sabah, confirmed that...