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Kuwait Parliament unanimously OKs bill to boost KCB's capital

KUWAIT, Jan 25 (KUNA) -- Kuwaiti National Assembly in its special session on Tuesday agreed to increase Kuwait Credit Bank's (KCB) capital to provide liquidity for housing loans.
The voting resulted in a unanimous agreement.
Earlier, the parliament agreed with the Parliamentary Housing and Real Estate Affairs Committee to increase the capital by KD 300 million (about USD 992 million), and it would be financed by the Kuwait Fund for Arab Economic Development (KFAED). (pickup previous) jy.fn.bb