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Kuwait’s Warba Bank to acquire nearly 33% stake in Gulf Bank
Kuwait’s Warba Bank has agreed to acquire Alghanim Trading’s 32.75 per cent stake in Gulf Bank in a deal valued at $1.62bn (KWD498.2m). “The transfer of the shares will be completed upon obtaining the necessary approval from the regulatory authorities,” the Kuwait lender said in a bourse filing. Warba Bank…
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