Warba Bank has announced that it has received the approval from the Central Bank of Kuwait (CBK) to acquire shares in Alghanim Trading Company. With this move, the bank will get to indirectly own 32.75% of Gulf Bank. 

 

The CBK go-ahead, which came yesterday (March 18) is in line with the requirements set forth by the Capital Markets Authority’s Executive Regulations under Law No. 7/2010, said Warba in its filing to Boursa Kuwait.

 

This approval follows Warba Bank’s earlier disclosure on January 8, 2025, and is valid for a period of three months from the date of issuance.-TradeArabia News Service