Kuwait – Mubasher: Kuwait Finance House (KFH) said that the Central Bank of Kuwait (CBK) gave nod to extend the buy/sale approval for another six years.

Effective on 20 October, CBK granted permission to the bank for extending the period of purchasing or selling 10% or less of its shares, according to a recent bourse statement.

The current approval starts on 30 October, 2016 and expires on 30 April, 2017.

The approval will allow KFH to continue using treasury shares for transactions that are in line with the CBK’s instructions, KFH noted in the statement.