Thursday 28, May 2009 by
Investment Dar responds to Commercial Bank’s statement
In response to the statement published by the Commercial Bank of Kuwait on the Kuwaiti Stock Exchange, alleging that the ownership rights of the Investment Dar Company, its subsidiaries and associates in Boubyan Bank are void, and that the Commercial Bank has allegedly acquired 19.196 per cent of the outstanding shares of Boubyan Bank, the Investment Dar Company (TID) said in a statement that it “wishes to emphasise that the claim made by the Commercial Bank is unfounded and untrue, and is a mere attempt by Commercial Bank to unjustly acquire such shares of Boubyan Bank.”
