Shareholder to increase Gulf Bank stake.

M2 EQUITYBITES-February 4, 2019--Shareholder to increase Gulf Bank stake

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Global Banking News - 04 February 2019

The second biggest shareholder in Gulf Bank is looking to double its stake in the bank, according to Bloomberg.

Alghanim Trading Co is to acquire a 9.2 percent stake in the Kuwait-based bank, a move that would take the firm's stake in the bank to 16.62 percent. Last week, the company received central bank...

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