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CBK to buy Dar Al-Istithmar debts
- Kuwait: Tuesday, September 01 - 2009 at 09:08
The Commercial Bank of Kuwait will use surplus funds as a result of the sale of Boubyan Bank shares it owns, to purchase debts owed to it of smaller investors in Islamic finance specialist Dar Al Istithmar, KUNA has reported. The bank has made the decision on the condition that it receives its full rights, and does not receive a price less than the original price of purchase.
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