Sunday 12, March 2017 by Georgina Enzer

Boubyan Bank EGM votes to raise paid-up capital

In a statement to Boursa Kuwait, Boubyan Bank reports that its EGM held today, 12 March 2017, has agreed to increase the bank’s issued and paid-up capital to KWD 227.47 million from 216.64 million via a five per cent bonus share issue.

Boubyan Bank’s EGM also approved the issuance of Shari’ah-compliant financial instruments, including Sukuk at the board’s discretion, leaving the timing and size of any issuance to directors.

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