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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5-day change | 1st Jan Change | ||
0.127 KWD | +1.60% | -1.55% | +20.95% |
Stocks mentioned in the article
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5d. change
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Capi.
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2.41 JOD | +1.26% | +3.88% | 510M | ||
0.181 KWD | 0.00% | +1.69% | 2.13B | ||
Chiffre d''affaires - Rate of surprise
1st Jan change | Capi. | |
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+20.95% | 1.88B | |
+13.62% | 208B | |
+4.79% | 75.63B | |
+9.88% | 56.57B | |
+3.95% | 48.37B | |
+14.92% | 48.14B | |
+22.83% | 45.13B | |
+10.41% | 37.5B | |
-15.97% | 35.24B | |
-96.60% | 32.24B |
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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.