Kuwait International Bank (KIB) has denied claims that it is to be imminently taken over, saying the rumours are ‘incorrect and untrue’.

In a statement to Boursa Kuwait, Vice Chairman and CEO Raed Jawad Bukhamseen said the bank’s management ‘has not been aware of the news’.

(Writing by Imogen Lillywhite; editing by Seban Scaria)

imogen.lillywhite@refintiv.com

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