Kipco receives approval for stake increase in Burgan Bank
DUBAI, September 4, 2014
Kuwait Projects Company (Kipco) said it received approval from the country's central bank to increase its stake in Burgan Bank by 5 per cent.
A bourse filing by Kipco added that its direct and indirect stake in the Kuwait's third-largest lender by assets currently stands at 57.94 per cent.
The statement did not indicate when the stake increase would be completed. - Reuters