Staff Writer
Kuwait'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)
brinda.darasha@lseg.com
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