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ABK exits entire stake in KFIC

ABK exits entire stake in KFIC
take amounted to roughly 25.984 million shares
ABK
ABK
-0.39% 254.00 -1.00
KFIC
KFIC
-0.73% 68.00 -0.50

Mubasher: Al Ahli Bank of Kuwait (ABK) announced on Thursday the sale of its stake in Kuwait Finance and Investment (KFIC).

The sold stake amounted to roughly 25.984 million shares, or 8.047% of KFIC’s capital, according to the lender’s bourse statement.

This came after ABK shifted its business in the company to an exit from investment, instead of a long-term investment.