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Kuwait’s CBK gets approval to raise up to 120m dinars via bonds
Commercial Bank of Kuwait, the Gulf state’s fifth-largest lender by assets, has received regulatory approval to issue up to 120 million dinars ($425.8 million) of bonds, as it prepares to convert into an Islamic bank. In April, CBK shareholders approved both the issuance of the subordinated bonds and plans to…
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Click here to read the full story: Gulf News.com