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Wednesday , July 17 2019

Foreign banks capital increase

KUWAIT CITY, Aug 5:  The total capital increase in the branches of foreign banks operating in the country reached $30 million last month — approximately KD 9 million, reports Al-Rai daily quoting sources. According to decisions issued by Central Bank of Kuwait (CBK) Governor Dr Mohammad Al-Hashil, the data of Al-Rajhi Bank-Kuwait branch have been amended with a capital increase from KD 21.58 million to KD 30.08 million — an increase of KD 8.5 million. In addition, Doha Bank-Kuwait Branch increased its capital from KD 15.14 million to KD 15.6 millions — an increase of KD 456,000

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