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KIPCO raises Burgan Bank stake to 47%

KIPCO raises Burgan Bank stake to 47%
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KIB
KIB
-1.05% 188.00 -2.00
KPROJ
KPROJ
-0.89% 111.00 -1.00
ALMAL
ALMAL
-3.28% 5.90 -0.20

GBK
GBK
0.00% 273.00 0.00
ALDEERA
ALDEERA
-12.37% 340.00 -48.00
ABK
ABK
0.68% 298.00 2.00

SENERGY
SENERGY
6.31% 35.40 2.10
ALSALAM
ALSALAM
1.47% 27.70 0.40
ALIMTIAZ
ALIMTIAZ
2.20% 51.00 1.10

Kuwait Stock Exchange (KSE) showed a number of changes in equity ownership by the end of last Thursday’s trading session.

Mubasher quoted official data showing that Kuwait's Public Institution for Social Security (PIFSS) bought 5.010% stake in Alafco.

PISS also raised its stake in Kuwait International Bank from 7.970% to 9.130%, but sold 0.5% of its stake in Al Imtiaz to reach 5.370%.

Meanwhile, Prairie of Kuwait Company exited Kuwait International Bank after selling its 9.090% stake.

Lastly, Kuwait Projects Holding (KIPCO) increased its stake in Burgan bank from 45.720% to 47.380