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Thu 7 Aug 2008 01:26 AM

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Kuwait's Gulf Bank gets share buyback approval

Kuwait's fourh largest bank by market value to buy back 10% of stock.

Gulf Bank, Kuwait's fourth-largest bank by market value, said on Wednesday it has secured a central bank approval to buy back up to 10 percent of its stock.

The six-month buyback period starts on Sept 11, the bank said in a statement on the bourse website.

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