KIPCO buys controlling stake in Jordan Kuwait Bank
January 4, 2016
Kuwait Projects Company (KIPCO) said last week it purchased a 51 percent share of Jordan Kuwait Bank (JKB) from its subsidiary Burgan Bank. The move is an effort by KIPCO as a parent company to both lighten and bolster the Burgan's balance sheet. "This transaction is a testament to the support that KIPCO provides to its core operations," KIPCO Vice Chairman Faisal Al Ayyar said.
Read more →