NBK Capital to Absorb WFBC Following CMA Approval

تم النشر على almowazi.com في 03 يوليه 2025
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Boursa Kuwait has announced that the Capital Markets Authority (CMA) has approved the implementation of a merger by absorption between  Watani Investments Company (NBK Capital) and OTC 346 Watani Financial Brokerage Company (WFBC).

The CMA clarified that the approval is conditional upon compliance with the provisions of Law No. 7 of 2010 regarding the establishment of the Capital Markets Authority and the regulation of securities activities, along with its executive bylaws and amendments.

It also requires adherence to the merger procedures outlined in Annex No. (1) of Book Nine (Mergers and Acquisitions) of the executive bylaws of the law.

Capital Markets Authority

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