Kuwait's KIPCO says receives approval for stake increase in Burgan Bank
DUBAI, Sept 4
DUBAI, Sept 4 (Reuters) - Kuwait Projects Company (KIPCO) said on Thursday it received approval from the country's central bank to increase its stake in Burgan Bank by 5 percent.
A bourse filing by KIPCO added that its direct and indirect stake in the Kuwait's third-largest lender by assets currently stands at 57.94 percent.
The statement did not indicate when the stake increase would be completed. (Reporting by Azza Al Arabi; Editing by David French)