Mubasher: Warba Bank on Wednesday announced that it has received Capital Markets Authority’s (CMA) an initial approval and renewable engagement in certain securities activities.

The bank is working on fulfilling licensing requirements of the following securities activities, namely investment portfolio manager, collective investment scheme manager, investment advisor, and subscription agent and custodian, according to the lender’s statement to Boursa Kuwait

it is worth noting that the Kuwaiti sharia-compliant bank’s profits hiked 96.2% to KWD 5.2 million during the second quarter of 2018, compared to KWD 2.65 million in Q2-17.

By the end of Wednesday’s session, Warba Bank’s stock stood at 235 fils.