Monday 22 February 2010

Kuwait International Bank Denies Knowledge of Any Takeover Attempt


KIB published an announcement on the Kuwait Stock Exchange denying any knowledge of a takeover or buyout attempt.  It also noted that any such action would require regulatory approval.

[11:5:53]  ِ.ايضاح من بنك الكويت الدولي بخصوص ما نشر فى احدى الصحف المحلية اليوم ‏
يعلن سوق الكويت للاوراق المالية بانه ورد الينا الان بان بنك الكويت ‏
الدولي يود ان يوضح بخصوص ما نشر فى احدى الصحف المحلية اليوم ‏
حول سعي تحالف للاستحواذ على حصة فى البنك ، يفيد البنك بان ادارة ‏
البنك ليس لديها علم بمضمون ما ورد فى الخبر .‏
وافاد البنك بان عمليات الاستحواذ تخضع لموافقة مسبقة من جهة الاشراف ‏
وفقا لاحكام القوانين والتعليمات الصادرة بهذا الشان .‏

2 comments:

Anonymous said...

where's the loss news -and your comments, if any- on KIB? for this bank you publish the rumors and replies but not the news, while posting loss news of other banks ?

Abu 'Arqala said...

Thanks.

I really can't follow all the banks' earnings announcements.

So I post what strikes my fancy.

Or has a link to other posts.

The reason I posted this is because of the previous reports of Mr. Bu Khamseen's financial problems. A motive for a potential sale.

The reason I posted on Boubyan is because of the tempest over ownership of its shares between The Investment Dar, Commercial Bank of Kuwait and KFH.