The board of Kuwait's Boubyan Bank (BOUK.KW) said a $2.1 billion offer by its main shareholder National Bank of Kuwait (NBKK.KW) to take full control of the Islamic lender is "fair and suitable", adding it hired an advisor to study the proposal.
Boubyan hired consulting firm Protiviti to advise on the transaction, it said in a bourse statement on Wednesday.
NBK, which owns a 47.29 percent stake in the Islamic lender, last week offered to pay 630 fils per share for the 52.7 percent of Boubyan it does not already own.
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