Kuwait – Mubasher: The Gulf Bank of Kuwait (GBK) confirmed the news article published in a local newspaper over selling shares in Zain Group.
GBK clarified that the shares total 34.2 million at a value of KWD 14.2 million, not 38.6 million shares worth KWD 16 million as the news article said, according to a bourse filing issue don Sunday.
The bank noted that the sale deal was performed based on Boursa Kuwait’s approval on 22 December, 2016.
On the stock level, GBK reached 242 fils after 250,000 shares were traded at a value of nearly KWD 60,100 in the mid-session of Sunday.
