An investor from the United Arab Emirates is interested in buying a 10 percent stake in National Bank of Kuwait, Al-Qabas reported, without saying where it got the information.
A representative for the Emirati investor may visit Kuwait this week to look at the possibility of the stake purchase, the newspaper said. An investment company with shares in NBK is in talks with other shareholders to gather the 10 percent required for sale, according to Al-Qabas.
National Bank of Kuwait doesn’t have any knowledge that shareholders of the bank received offers for a 10 percent stake and there are no negotiations with the bank on this, the lender said in a statement to the Kuwait Stock Exchange on Aug. 19.
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