Kuwait's Warba Bank to list on stock market Sept. 3 | Reuters

Kuwait's Warba Bank to list on stock market Sept. 3 | Reuters:

"Kuwait's Warba Bank, an Islamic lender set up three years ago, will be listed on the country's stock exchange on Sept. 3 after a restriction on public trading of the stock ended, an analyst and an industry source familiar with the matter said.

Warba Bank was not immediately available for comment.

A majority of the shares in the lender, set up with a capital of 100 million dinars ($351 million), were gifted to Kuwaiti nationals as part of the state's wealth sharing, with each citizen receiving 684 shares."

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