Government

Burgan Bank capital increase subscription to begin 20 September

KUWAIT, Kuwait’s Burgan Bank has set its subscription period to increase capital (2,581,581 shares representing 10.6 percent) to start on September 20 at 1 pm to October 10 at Kuwait Clearing Company.
The Board of Directors has set the offer price for the shares to be 260 fils per share, representing a nominal value of 100 fils per share, and a premium of 160 fils per share, Kuwait Boursa website posted Tuesday.
Burgan Bank, which was founded in 1975 and was listed on the KSE in 1984, had a paid-up capital of KD 250 million.

Source: Kuwait News Agency

ANE

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