Kuwait Intl Bk to Swap 8.56% Stake in Warba for 33.6% of Islamic Insurer

Kuwait Intl Bk is planning to swap its 8.56% Stake in Warba for 33.6% of Islamic Insurer Ritaj Takaful Insurance Co. The Islamic commercial bank said in a statement posted on the Kuwait bourse website on Wednesday that it has decided to exit its interest in Warba.