Kuwait court suspends Boubyan share sale
Kuwait: Kuwait's Investment Dar said a Kuwaiti court has decided to temporarily suspend any dealings on the 221.4 million shares of Boubyan Bank until the court settles a dispute between Investment Dar and the Commercial Bank of Kuwait. On June 14 National Bank of Kuwait announced that it had agreed to buy Commercial Banks stake in Islamic lender Boubyan Bank for about 121 million dinars ($422m). The purchase of 220,631,095 shares of Boubyan at 550 fils each would give National Bank about 19% of Boubyan, reported Bloomberg. <BR> [AMEInfo.com]
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