Kuwait Projects Company Sukuk Ltd Supplementary Disclosure-Burgan acquisition of UGB
16 1월 2025 - 7:37PM
RNS Regulatory News
RNS Number : 6209T
Kuwait Projects Company Sukuk Ltd
16 January 2025
Kuwait Projects Company Sukuk
Limited
Supplementary Disclosure regarding Burgan
Bank's acquisition of United Gulf Bank
Kuwait Projects Company (Holding) K.S.C.P. (KIPCO),
the Obligor of Kuwait Projects Company Sukuk Limited, announced
that Burgan Bank K.P.S.C. (a subsidiary of KIPCO Group) has signed
a Share Purchase Agreement with United Gulf Holding B.S.C. (a
subsidiary of KIPCO Group) to acquire a 100% stake in United Gulf
Bank B.S.C.C., for a total consideration of US$190mn (KD59mn).
The transaction procedures are expected to be
completed during first quarter of 2025.
For further information, please contact:
Investors, Press and
Media:
Eman Al-Awadhi
49th 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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