Kuwait – Mubasher: Kuwait Finance House (KFH) has raised its stake in Al-Salam International Hospital by 20.9% to total 76.1% from 55.23% through purchasing the stake owned by Yiaco Medical.

The bank denied the news article published in a local newspaper regarding buying 20% of Al Salam stake to raise KFH’s share to 100%, according to a bourse filing issued on Thursday.

No financial impact will affect the bank’s position, the statement added.

On the stock level, KFH reached 550 fils by the end of Thursday’s trading session after 2.88 million shares were traded at a value of KWD 1.59 million.