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KIPCO raises Burgan Bank stake to 47%

KIPCO raises Burgan Bank stake to 47%
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KIB
KIB`R
2.16% 236.00 5.00
KPROJ
KPROJ`R
0.11% 92.70 0.10
ALMAL
ALMAL`R
-3.28% 5.90 -0.20

GBK
GBK`R
0.86% 350.00 3.00
ALDEERA
ALDEERA
2.08% 344.00 7.00
ABK
ABK`R
-1.04% 286.00 -3.00

SENERGY
SENERGY`R
0.69% 58.70 0.40
ALSALAM
ALSALAM`R
1.47% 27.70 0.40
ALIMTIAZ
ALIMTIAZ`R
-31.51% 30.00 -13.80

Kuwait Stock Exchange (KSE) showed a number of changes in equity ownership by the end of last Thursday’s trading session.

Mubasher quoted official data showing that Kuwait's Public Institution for Social Security (PIFSS) bought 5.010% stake in Alafco.

PISS also raised its stake in Kuwait International Bank from 7.970% to 9.130%, but sold 0.5% of its stake in Al Imtiaz to reach 5.370%.

Meanwhile, Prairie of Kuwait Company exited Kuwait International Bank after selling its 9.090% stake.

Lastly, Kuwait Projects Holding (KIPCO) increased its stake in Burgan bank from 45.720% to 47.380