Tuesday 17, June 2008 by
Ithmaar Bank sells 2.47 per cent of BBK stake to Global Investment House
Ithmaar Bank and Global Investment House, headquartered in Kuwait, have mutually agreed to rebalance their stake in BBK as part of their continued strategic cooperation as major shareholders. Ithmaar Bank said it had sold 20 million shares representing 2.47 per cent of BBK’s issued and paid up capital to Global Investment House at BD0.724 per share. Ithmaar Bank and Global Investment House will now hold 24.38 per cent and 18.95 per cent stake respectively in BBK.
