Jordan Kuwait Bank (JOKB.AM)

Also known as:  JKB

KIPCO Group purchases 51% JKB stake from Burgan Bank

Kuwait: KIPCO - the Kuwait Projects Company - has announced the purchase by the Group of a 51 per cent stake in Jordan Kuwait Bank (JKB) from Burgan Bank. The purchase is part of a series of transactions by Burgan Bank to meet capital ratios required under Basel III. Following these transactions, Burgan Bank's balance sheet will be more flexible and will better support its growth plans. Burgan

Kuwait Times - 31-Dec-2015

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