Wednesday 16, July 2008 by

Burgan Bank completes transfer of majority stake of Jordan Kuwait Bank

Burgan Bank has completed its transfer of 43.86 per cent stake in Jordan Kuwait Bank from United Gulf Bank (UGB) having obtained the necessary regulatory approvals, taking its total stake in Jordan Kuwait Bank to 51.1 per cent. Subsequently, the financial results of Burgan Bank and Jordan Kuwait Bank will be consolidated with effect from the third quarter of 2008.

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