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Boubyan prices $250m capital-boosting sukukKuwait's Boubyan Bank completed a $250 million capital-boosting sukuk issue on Tuesday, according to a document from the lead managers, becoming the latest Gulf lender to bolster its reserves. More than a dozen Gulf banks have More… |
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Kuwaiti lender sees Islamic banking boomIslamic banking is growing at more than double the pace of conventional banking in Kuwait and strong demand is expected throughout the Arab region, said the chairman of Boubyan Bank, a leading lender in the country. Credit volumes More… |
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NBK gets cenbank nod to raise Boubyan stakeNational Bank of Kuwait (NBK) said on Tuesday it received the Kuwaiti central bank's approval to increase its stake in Boubyan Bank to 60 percent from 47.29 percent. The approval is valid for three months starting April 8, the statem More… |
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CBK says court rejects Dar claimCommercial Bank of Kuwait (CBK) said that a regulatory court had dismissed a case brought by Investment Dar over a disputed stake in Boubyan Bank. CBK and Dar are in litigation over the Boubyan stake which Dar sold to CBK in 2008 to More… |
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Kuwait's NBK gets nod for Boubyan buyNational Bank of Kuwait (NBK), the country's biggest lender by market value, has received the central bank's approval to raise its stake in Islamic lender Boubyan Bank to up to 60 percent. Shares of NBK were down 1.6 percent, unde More… |
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Boubyan Bank posts loss in Q2Kuwaiti Islamic lender Boubyan Bank posted a net loss of 76,599 dinars ($267,100) in the second quarter, compared with a net profit of 8.61 million dinars a year earlier, it said. Net loss in the first half to June 30 came in at 11.78 mill More… |
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NBK snaps up 13pc Boubyan stakeNational Bank of Kuwait (NBK) bought a 13.2 per cent stake in Boubyan Bank for $295 million in an auction on Wednesday, becoming the largest shareholder in the Islamic lender. Kuwait Investment Authority (KIA), the Gulf Arab state's sovere More… |
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NBK buys 40pc Boubyan shares from CBKNational Bank of Kuwait (NBK), one of the leading banks in Kuwait, has signed an agreement with Commercial Bank of Kuwait (CBK) for acquisition of 40 per cent of shares in Boubyan Bank, an Islamic bank based in Kuwait. As per the agreement More… |
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NBK renews approval to buy Boubyan stakeNational Bank of Kuwait (NBK) said on Monday the central bank had renewed its approval for the country's biggest bank by assets to buy up to 40 per cent in Islamic lender Boubyan Bank. The new three-month approval period started on Mar More… |
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Nakheel begins handover of JV villasDubai’s master developer, Nakheel, said work was progressing as per schedule at the Jumeirah Village and it had started handing over 300 villas at the new Nakheel community located in the heart of Dubai. Nakheel has sold 96 per cent of ava More… |
