ABK unfazed by liquidating Americana’s pledged stocks

Kuwait – Mubasher: Al Ahli Bank of Kuwait (ABK) said Americana’s deal would not have any financial impact on its financial position.

ABK noted that its move towards liquidating Americana’s pledged stocks in order to cover part of its debts comes as a part of the bank’s normal banking activities.

Last October, Americana said it awaits both Central Bank of Kuwait (CBK) and the Capital Markets Authority (CMA) in order to release its pledged shares at local banks.

Mubasher Contribution Time: 23-Oct-2016 08:46 (GMT)
Mubasher Last Update Time: 23-Oct-2016 08:46 (GMT)