08/17/2016
The proceeds would be used to enhance the bank's capital base in line with Basel III global banking standards, it said. Basel III, which requires banks to hold more capital, is being phased in until 2019 in Kuwait.
08/14/2016
The Rules include lowering the minimum value of the assets under management to be SR3,750,000,000, rather than SR18,750,000,000 ($1 billion or more instead of $5 billion or more).
08/11/2016
Contractual sanction clauses, such as earnest money, forfeit money, deduction from wage and penal clause, will not trigger the levy of stamp tax, provided that they do not constitute a separate agreement on their own.
08/11/2016
The new shareholding structure of OABINVEST will comprise Ominvest 36 per cent, ABS 34 per cent and OIF 30 per cent, according to a statement released by Ominvest in March.