Mubasher: Burgan Bank announced that it was granted the Central Bank of Kuwait’s (CBK) approval for issuing unsecured bonds in Kuwaiti dinar at a value not exceeding KWD 150 million.

The return of issuing these bonds will offer additional financing to Burgan Bank, according to a bourse disclosure on Tuesday.

On 23 December, Burgan Bank will hold its board meeting to discuss the recommendation of raising its authorised capital to KWD 400 million from KWD 250 million.