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Kuwait Investment to sell Boubyan stake
- Kuwait: Thursday, June 25 - 2009 at 09:20
Kuwait's Stock Exchange has announced that Kuwait Investment Authority (KIA) plans to sell its 20% stake in Islamic lender Boubyan Bank in an auction on July 22. KIA has said it will sell its 231 million shares in three instalments at 550 fils each, or at the July 21 closing price if it is higher. Kuwait's Central Bank has said it will have to approve any sale above a 5% holding.
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StaffThursday, June 25 - 2009 at 09:20 UAE local time (GMT+4)
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