Warba Bank has reported that it received a letter from the Central Bank of Kuwait confirming its approval of the request from both Al-Sayer Group Holding company and Abdullah Saleh Al-Shalfan to increase their ownership stakes in the bank's capital from approximately 10% (their current holdings) to 23% and 20% respectively.
This increase will occur through the subscription of surplus shares not claimed by other shareholders in Warba Bank's capital increase, rather than through the secondary market.