Business
ZAWYA: Kuwait’s Burgan Bank gets CBK nod for KWD 50mln rights issue
ZAWYA: Kuwait’s Burgan Bank gets CBK nod for KWD 50mln rights issue
About this update from Burgan Bank
Staff WriterKuwait's Burgan Bank has received approval from the Central Bank of Kuwait (CBK) to increase shareholder equity by KWD 50 million ($162 million) via a rights issue.The bank will seek approvals from the Capital Markets Authority after which the offer price in the rights issuance will be disclosed, a bourse statement said on Thursday.Writing by Brinda Darasha; editing by Daniel Luiz)[email protected]: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.