Kuwait's Boubyan Bank has launched a major rights issue aimed at raising its capital by 50% to KD174.9m ($609.4m), AFP has reported. The rights issue of 583 million new shares to raise KD148.6m ($518m) will continue until February 7, 2010 and is open to current shareholders only, the Islamic lender said in a statement.
Subscribe to MEED to receive your choice of premium newsletters
 |
 |
 |
 |
Identify and track projects across the Middle East and North Africa through MEED Projects. Subscribers can track projects, conduct trend analysis, forecast, produce strategic reports and ultimately win new business.
Middle East data, research and analysis - from broad macroeconomic statistics to specific sector data, MEED Insight can help you accurately and cost effectively forecast market growth and trends.
MEED Events provide high profile speakers, relevant and critical business content and the latest news from across the GCC. With a portfolio that includes large-scale summits, two-day industry specific conferences and unique networking opportunities.
Site powered by Webvision
Share
