Kuwait Projects Company Holding K.S.C.P. (KWSE:KPROJ) entered into an agreement to acquire 51.19% stake in Jordan Kuwait Bank (ASE:JOKB) from Burgan Bank S.A.K.P. (KWSE:BURG) for approximately KWD 190 million on December 30, 2015. As a result of transaction, Burgan Bank will exit from the ownership of Jordan Kuwait Bank. The transaction is executed in two phases, Kuwait Projects completed the acquisition of 25.46% stake in Jordan Kuwait Bank on December 30, 2015, the remaining 25.73% stake in Jordan Kuwait Bank is expected to be transferred on December 31, 2015.
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Stocks mentioned in the article
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5d. change
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Capi.
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2.32 JOD | -0.43% | -1.28% | 491M | ||
0.18 KWD | -1.10% | +2.86% | 2.12B | ||
Chiffre d''affaires - Rate of surprise
1st Jan change | Capi. | |
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+20.95% | 1.87B | |
+17.94% | 212B | |
+5.85% | 75.6B | |
+10.11% | 55.62B | |
+12.43% | 46.7B | |
-1.85% | 45.61B | |
+20.11% | 45.13B | |
+10.38% | 36.89B | |
-15.91% | 35.27B | |
-96.60% | 32.25B |
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- Kuwait Projects Company Holding K.S.C.P. entered into an agreement to acquire 51.19% stake in Jordan Kuwait Bank from Burgan Bank S.A.K.P. for approximately KWD 190 million.