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Gulf Bank buyers eye 51% stake
- Kuwait: Sunday, November 16 - 2008 at 12:00
Noor Financial Investment is representing two potential buyers for embattled Kuwait-based lender Gulf Bank, either of whom would be looking at taking up between 25% and 51% stakes, according to Noor's MD, Naser Al-Marri. Gulf Bank hit the headlines last month following a government bail out package, including $1.48bn to cover losses.
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StaffSunday, November 16 - 2008 at 12:00 UAE local time (GMT+4)
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