Kuwait – Mubasher: Commercial Bank of Kuwait (Al-Tijari) said Al Sharq Holding Company got the approval of the Central Bank of Kuwait on raising its stake in Al-Tijari by 6.39% to 29.5%, according to a bourse statement posted Monday.
The central bank’s approval is valid for three months as of the date of CBK’s letter dated 16 December.
Al-Tijari is capitalised at around KWD 141.2 million, divided into 1.41 billion shares at 100 fils per share.
