Financial and Banking News
National Bank of Kuwait Sells Stake in United Bank of Kuwait
National Bank of Kuwait (NBK) has sold its 12.73% share in United Bank ofKuwait (UBK) to the state-owned Public Institution for Social Security. The bankis believed to have received a small premium over the shares' book value of12.73mn. NBK has been willing to sell its shares in UBK for some time, and thesale is consistent with its policy of not holding minority...