National Bank of Kuwait Says Sells Qatar Bank Stake For $538m - Gulf Business

National Bank of Kuwait Says Sells Qatar Bank Stake For $538m - Gulf Business:



"National Bank of Kuwait has sold its 30 per cent stake in unlisted International Bank of Qatar for KD155 million ($537.5 million), the Kuwaiti lender said on Thursday.



The largest bank in Kuwait will book a profit of KD25 million from the sale in its 2014 accounts, it said in a bourse filing, after the sale to an unspecified group of Qatari investors.



NBK added the sale was still subject to regulatory approvals in Qatar."



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