The Central Bank of Kuwait (CBK) gave its nod on Monday to Kuwait Real Estate Bank to buy back 10 percent of its own shares in accordance with item 115 of commercial companies laws for a six-month period starting from March 24.
CBK's Off-Site Supervision Manager Basel Al-Haroun told KUNA that CBK's directions limit shares' buyback operations by allowing banks to purchase quantities that do not exceed their available financial resources.
