National Bank of Kuwait Increases Shares In Boubyan Bank

National Bank of Kuwait (NBK) said Tuesday that it acquired the approval of the Central Bank of Kuwait (CBK) on the step to increase its shares to 60 percent in Boubyan Bank.

According to the NBK’s website, the Kuwait Stock Market (KSE) indicated that the approval papers would be valid for three months from April 8th, adding that the NBK would ask for necessary approval from Capital Market Authority, KUNA reported.