The subscription period for National Bank of Kuwait's proposed capital increase will commence on Wednesday, the Gulf state's largest commercial lender said in a bourse statement.
The rights issue will be worth around KD137
National Bank of Kuwait , the Gulf Arab state's largest commercial lender, reported a 18.2 per cent fall in first-quarter net profit, it said in a statement on Sunday, as it failed to repeat a one-off gain from an asset sale.
National Bank of Kuwait’s decision to increase its capital by 6.5 per cent would be a positive as it will enhance the bank’s capital adequacy ratios ahead of a full implementation of the Central Bank of Kuwait’s Basel III cap
Regional markets like most world equities had a weak start to the year but managed to recover ground by the end of the first quarter of 2016 (1Q16), a report said.
Following a dire end to 2015, GCC equities continued to underperfo
National Bank of Kuwait’s (NBK) board of directors has agreed to increase the bank’s capital through a 6.5 per cent rights issue.
The bank will issue 343.96 million shares at 400 fils per share. The issuance price includes a
National Bank of Kuwait-Egypt, the subsidiary of National Bank of Kuwait Group (NBK) in Egypt, has reported a net profit of EGP575.6 million ($64.5 million) for last year compared to EGP375.5 million in 2014, an increase of 53.3 per cent year-
National Bank of Kuwait (NBK) plans to sell down part of the KD600 million ($1.99 billion) it is contributing to Kuwait National Petroleum Company's Clean Fuels Project loan to other banks, it said in a statement.
Standard & Poor’s, the international credit rating agency, affirmed the long-term credit ratings of National Bank of Kuwait (NBK) at A+, with all ratings carrying a stable outlook.
“Our outlook on NBK is stable, re
NBK Capital, the investment arm of National Bank of Kuwait, has ended its company-specific research coverage and frozen all stock recommendations.
In a communication sent to clients on Wednesday (March 2) and s
Kuwait has awarded KD9.7 billion ($32.2 billion) worth of project contracts in 2015, up 20 per cent over the previous year, said a report.
Of this, over half of the contracts signed are related to the oil and gas sector, as Kuwait