Kuwait's KIPCO gets nod to raise Burgan Bank stake - Companies A-Z - ArabianBusiness.com:
"Kuwait Projects Company (KIPCO) said on Thursday it received approval from the country's central bank to increase its stake in Burgan Bank by 5 percent.
A bourse filing by KIPCO added that its direct and indirect stake in the Kuwait's third-largest lender by assets currently stands at 57.94 percent.
The statement did not indicate when the stake increase would be completed."
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