Kuwait Projects Company Sukuk Ltd Transaction between the KIPCO group companies (3139W)
11 12월 2023 - 4:29PM
UK Regulatory
TIDMFL49
RNS Number : 3139W
Kuwait Projects Company Sukuk Ltd
11 December 2023
Kuwait Projects Company Sukuk Limited
Transaction between the Kuwait Projects Company (Holding)
K.S.C.P. "KIPCO" group companies
Kuwait Projects Company (Holding) K.S.C.P. (the Obligor of
Kuwait Projects Company Sukuk Limited), announced that Al Rawabi
United Holding Company (fully owned subsidiary of "KIPCO"), has
purchased 52% stake in Burgan Bank Turkey (BBT) from Burgan Bank
K.S.C.P. (also, a subsidiary of "KIPCO") for a consideration of KD
57.8 Mn. Accordingly, "KIPCO" Group's effective ownership of BBT
will increase from 61.6% to 81.5%.
There is no material impact on KIPCO's consolidated financial
statements as the transaction took place between subsidiaries of
the group and the impact is eliminated on consolidation.
For further information, please contact:
Investors, Press and Media:
Eman Al-Awadhi
49(th) Floor
KIPCO Tower, Khaled Bin Al-Waleed St, Sharq
P.O. Box 23982
Safat 13100
Kuwait
Tel: +965 2294 3416
Email: eman.alawadhi@kipco.com
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December 11, 2023 02:29 ET (07:29 GMT)
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