Burgan Bank K.P.S.C. successfully closes its capital increase subscription process, with a coverage rate of 220%.

02/12/2021

Burgan Bank announced that it has successfully completed its capital increase of KD 71.25 million, to support its business growth and further strengthen its capital levels. The rights issue was well-received, and the transaction was oversubscribed, without the need for public offering or underwriting. The Bank offered 375 million shares in the rights issue which was concluded within 15 days. The capital increase process was led by Kamco Investment Company K.S.C.P. (Kamco Invest) as the Lead Manager and Subscription Agent, and Kuwait Financial Centre K.P.S.C. (Markaz) as the Joint Lead Manager and Underwriter.