Middle East Economic Survey
VOL. LIII
No 14
05-April-2010
KUWAIT
NBK Authorized To Increase Boubyan Stake
The National Bank of Kuwait (NBK) has received approval from the Central Bank of Kuwait (CBK) to acquire a controlling stake in local Islamic lender Boubyan Bank, NBK said on 28 March. The approval for NBK to up its shares in the bank to 60% from the current 40% is valid for three months starting 22 March, though the bank will still need to declare this approval to the Kuwaiti stock exchange....
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