CBK approves Bayan's purchase of 10 pct of shares

19/08/2009 00:00 AST

The Central Bank of Kuwait (CBK) has approved a request for renewing a prior consent granted to Bayan Investment Company for purchasing no more than 10 percent of its own issued shares for six months until February 18, 2010.

Kuwait Stock Exchange (KSE), in a statement posted on its website on Wednesday, stressed the importance of abiding by regulations and conditions placed by CBK in this regard.

Bayan Investment Comany was established in 1977 and was listed in KSE in 2003.

The company invests in different economic fields in Kuwait and abroad.


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Bayan Investment makes KD 11.2 million profit in 2008

06/05/2009

Bayan Investment Co. made a net profit of 11.2 million Kuwaiti dinars in the fiscal year ending Dec. 31, 2008, compared to KD 7.5 million the previous year, at an increase of 49.3 percent.

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