March 11, 2018 / 7:16 AM / 2 months ago

Kuwait's Boubyan Bank plans capital increase or sukuk in 2019 - CEO

KUWAIT, March 11 (Reuters) - Kuwait’s Boubyan Bank plans to increase capital or issue a sukuk for a minimum of $250 million in 2019, the bank’s chief executive said on Sunday.

The funds would be used to expand the bank’s activities, Adel Abdul Wahab Al-Majed, CEO, told reporters after a shareholder meeting. (Reporting by Ahmed Hegagy; Editing by Michael Perry)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below