Wednesday 24, December 2008 by

National Bank of Kuwait to take up to 40 per cent of Boubyan Bank

National Bank of Kuwait (NBK) has been given the go-ahead by the Central Bank of Kuwait to acquire as much as 40 per cent of smaller rival Boubyan Bank. In a statement to the Kuwait Stock Exchange on 23 December 2008 NBK, which currently has no stake in Boubyan, said it has a three-month window to complete the purchase.

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