Kuwait – Mubasher: The Central Bank of Kuwait (CBK) approved a request by Al-Sayer Group Holding to increase its stake in Warba Bank’s capital from 4.9% to 15%.
Warba Bank said that the CBK’s approval is valid for three months starting from 18 October 2016, according to a bourse filing.
By 9:20am Kuwait time, the bank’s stock rose by 1.23% as 345,250 shares were exchanged at KWD 56,440.
