Boubyan Bank

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Recent Articles

• NBK raises stake in Boubyan to 40%15 September 2009

  Kuwait's biggest lender increases its stake, has hopes for Boubyan to become its Islamic banking arm.

• Kuwaiti banks post H1 profits despite global downturn 25 July 2009

  Profits come against backdrop of implementation of financial stability law.

• NBK buys 13.2% of KIA’s stake in Boubyan for $295m22 July 2009

  NBK buys 154 million shares for $295m, taking its holding to 27.5%.

• Boubyan stocks advance after further stake offer15 July 2009

  UPDATE 5: Boubyan up 5.6%, Saudi bank stocks surge.

• Kuwait's KIA to auction stake in Boubyan 22 June 2009

  UPDATE 1: Sovereign wealth fund looking to offload 20% stake via public auction in July. 

• NBK raises Boubyan Bank stake18 June 2009

  National Bank of Kuwait becomes third-largest shareholder in the Islamic lender.

• Kuwait's Investment Dar wins CBK lawsuit16 June 2009

  Court suspends trading in Boubyan Bank shares that belong to Investment Dar and its related firms.

• NBK buys 19.1% in Islamic lender for $420m14 June 2009

  NBK to buy Commercial Bank of Kuwait's stake in Boubyan Bank as part of strategic drive.

• Investment Dar files police complaint against CBK 27 May 2009

  Criminal complaint relates to Dar's right to buy back stake in Boubyan Bank.

• Dar gets ratings downgrade18 May 2009

  Kuwait-based investment company's foreign currency debt now accorded default status.

• Investment Dar may sell assets to meet obligations16 March 2009

  Kuwaiti Islamic firm says it may offload assets as its seeks to restructure its debt.

• CBK cancels deal to buy Boubyan stake23 December 2008

  Commercial Bank of Kuwait says it is stepping away from taking shares in bank from Investment Dar.

• NBK gets approval to buy stake in Boubyan23 December 2008

  Kuwait's largest bank by assets secures central bank approval to buy up to 40% in Islamic lender.

• Boubyan Bank income surges 40%14 July 2008

  Kuwaiti Islamic investment bank posts Q2 earnings of $32.12mn, no reason given for jump in profit.

• Kuwait's Boubyan profit shoots up 144%16 October 2007

  Islamic lender posts Q3 net income of $15.4mn, up from $6.7mn for the same period last year.

• Dar raises Boubyan stake8 August 2007

  Kuwait's Investment Dar has raised its stake in Boubyan Bank to almost 20%, bourse says.

• BLME launches Islamic bank in London 9 July 2007

  Bank of London and the Middle East has launched as a new sharia-compliant lender in the British capital.

• Kuwait's Boubyan to open British Islamic bank8 July 2007

  The Islamic lender is set to be the biggest shareholder in a new sharia-compliant bank in London.

• Green light for Kuwait's third Islamic bank11 June 2007

  Parliament approves government plans to set up Islamic bank with $347m capital.

• Kuwait bank goes online31 May 2007

  Boubyan Bank has launched an online banking solution to boost its customer service offering.

• Kuwait bank goes online26 April 2007

  Kuwaiti bank Boubyan Bank has launched an online banking solution to boost its customer service offering.