Monday, Apr 02, 2012
BEIRUT (Zawya Dow Jones)--Kuwait's Kipco Asset Management Co., or Kamco, Monday said the Capital Markets Authority has approved its request to extend the buyback period of up to 10% of its shares for an additional six months.
Kamco, which is the investment arm of the Kuwait-based Kipco group, said in a statement posted on the local bourse website that the new buyback period runs from March 16 to Sept. 16.
Kuwait Projects Co. (Holding), or Kipco, one of the biggest diversified holdings in the Middle East and North Africa, is Kamco's major shareholder through Bahrain's United Gulf Bank, according to Zawya.com data.
-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
02-04-12 1250GMT
