Boubyan Bank is a Kuwaiti bank established in 2004 by Amiri Decree No. 88 with a paid-up capital of 100 million Kuwaiti Dinars for the purpose of exercising all activities of the banking business (financial and commercial) in accordance with the rules and regulations of the Central Bank of Kuwait (Law No. 30 passed in 2003).[1]Boubyan Bank is a Kuwaiti shareholding company. More than 90% Kuwaiti citizens are the bank\'s shareholders owning 76% of Boubyan Bank shares. The remaining shares are owned by Kuwait Investment Authority (KIA) with equity of 20% and the Public Institution for Social Security (PIFSS) with equity of 4%. The National Bank of Kuwait ( NBK ), Kuwait\'s largest and oldest bank, bought the majority shares of Boubyan Bank by mid-2010.