Wednesday 13, June 2018 by Kudakwashe

Burgan Bank’s capital hike approved

Kuwait based Burgan Bank will increase the capital to KWD 250 million 

  

The bank announced that the Capital Markets Authority (CMA) has granted its approval for the bank to raise its issued and paid-up capital to reach the limit of the authorised capital.

Burgan Bank will increase the capital to KWD 250 million from KWD 225.94 million by issuing 240.58 million shares, reported Zawya.

KAMCO Investment was appointed as the lead manager and subscription agent for raising Burgan Bank’s capital.

 

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