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Business National |
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Kuveyt Türk IPO
in 2008 first quarter
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Participation bank Kuveyt Türk -- which provides interest-free banking instruments -- has applied to the Capital Markets Board (SPK) to offer its shares worth YTL 57.2 million to the public.
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The participation bank has an YTL 3.5 billion asset value and YTL 355 million in equity capital. If the SPK approves Kuveyt Türk's application, the bank is planning to complete the public offering in the first quarter of 2008. Currently Kuveyt Türk is owned by the Kuwait Finance House with 42 percent, the Foundations General Directorate with 18 percent, and the Islamic Development Bank and Kuwait social security institution have 9 percent shares each in the bank. The remaining 2 percent belongs to various small partners.
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20 December 2007, Thursday
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TODAY'S ZAMAN
İSTANBUL
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Benzer Haberler 
National
