FOREIGN BANK OWNERSHIP INCREASED BY 9% TO 3.6 BILLION DINARS

  • 14/10/2022

Kuwait City: The value of foreigners on Kuwaiti bank shares increased by 9% to 3.6 billion dinars, up from 3.3 billion dinars last week, due to a remarkable increase in the value of foreign ownership in Kuwait Finance House (KFH) shares following the acquisition of a share Ahli United Bahrain.


The value of foreign ownership in KFH increased to 1.214 billion dinars at the end of this week, up from 914 million dinars at the end of last week, as foreigners targeted KFH's shares in Thursday's session, October 6, at around $470 million. 

According to an October 12 statistic on the percentages of foreign ownership in Kuwaiti banks, foreigners continued their purchases by increasing their ownership in the shares of six banks, namely Kuwait Finance House (KFH), National Bank of Kuwait, Gulf Bank, Boubyan and Warba, as well as Kuwait International Bank KIB, while it declined. The ownership ratios were settled in three banks: Ahli United, Al-Tijari, Burgan, and Al-Ahly.

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