Advertisement
| 13 June, 2018

Burgan Bank’s capital hike approved

Bank to raise its issued and paid-up capital to reach the limit of the authorized capital.

Burgan Bank logo is pictured during a news conference in Istanbul.

Burgan Bank logo is pictured during a news conference in Istanbul.

REUTERS/Murad Sezer

Kuwait based Burgan Bank will increase the capital to KWD 250 million 

The bank announced that the Capital Markets Authority (CMA) has granted its approval for the bank to raise its issued and paid-up capital to reach the limit of the authorised capital.

Burgan Bank will increase the capital to KWD 250 million from KWD 225.94 million by issuing 240.58 million shares, reported Zawya.

KAMCO Investment was appointed as the lead manager and subscription agent for raising Burgan Bank’s capital.

Advertisement
© 2018 CPI Financial. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.