Tuesday 04, September 2018 by Kudakwashe

Kuwait’s Warba Bank obtains capital increase approval from CMA

 

The share capital increase will be allocated to the bank’s shareholders each pro rata shareholding percentage.

Kuwait-based Warba Bank has announced that it obtained Capital Market Authority’s (CMA) approval to increase its capital by 50 per cent.

In a bourse filing, Warba Bank said that the move will increase its share capital from KWD 100 million to KWD 150 million at an increase of KWD 50 million distributed to 500 million shares at a nominal value of 100 fils per share.

Features & Analyses

Economics Adapting to a new era

  Abdullah Al-Fozan, Chairman of KPMG MESA and KPMG Saudi Arabia, provides an exclusive commentary on the Kingdom’s business… read more