The Kuwait-based Warba Bank has announced the acquisition of the new headquarters of British Telecom located in the town of West Bromwich in the UK for $33 million. This is in-line with their acquisition in New York a couple of weeks ago in which they announced the conclusion of a financing deal to purchase a property and develop it into a multi-family residential complex by Criterion Group based in New York. A total of 24 percent of the stocks of this bank is held by Kuwait Investment Authority (KIA).
