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Financials

Kuwait's Boubyan Bank plans capital increase or sukuk in 2019 - CEO

KUWAIT, March 11 (Reuters) - Kuwait’s Boubyan Bank plans to increase capital or issue a sukuk for a minimum of $250 million in 2019, the bank’s chief executive said on Sunday.

The funds would be used to expand the bank’s activities, Adel Abdul Wahab Al-Majed, CEO, told reporters after a shareholder meeting. (Reporting by Ahmed Hegagy; Editing by Michael Perry)

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