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    Tuesday,September 23,2014

    • Fajr 04:16 AM
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  • Market Indices
    Price: 9900
    Open: 990High: 1000
    Low: 990Close: 990
    Volume: 662,288
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 241,411,150
    • Top Gainers

      Company Chg. % Cur. Price
      GGMC7.69700
      KUWAITRE7.14150
      TAHSSILAT7.07106
      SGC6.06140
      SALBOOKH5.6893
      FUTUREKID5.45116
      AJWAN5.2680
      KAMCO5.26120
      GBK 34.41358.460022
      KFIC4.1176
    • Top Losers
      Company Chg. % Cur. Price
      REAM-6.35118
      QURAINHLD-5.4943
      ALSALAM-3.77102
      PAPCO-3.70104
      ITHMR-3.7052
      IFAHR-3.54218
      ERESCO-3.3387
      TAM-3.17305
      ACICO-2.94330
      MASSALEH-2.6773
    • By Volume
      Company Volume Price
      ITHMR`R23,822,27952
      KBT`R18,084,44754
      ALMADINA`R9,700,83042
      KRE`R9,223,43282
      ALDEERA`R9,072,79324
      GIH`R8,817,06084
      GFH`R8,178,23639.50
      GPI`R8,069,591102
      IFA`R7,290,60861
      SECH`R6,507,41290
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History

Foundation of National Bank of Kuwait

In 1952, the story of NBK started when a prominent Kuwaiti merchant went to the British Bank of the ME to open a Letter of Guarantee for the amount of 10,000 Indian Rupees, (which is equivalent today to 750 KD). Much to his surprise, his request was rejected, on the condition he provided a guarantor. This well known merchant was shocked and appalled by the treatment that he had received, and news of this was all over town.

This incident gave rise to the question and the idea of having a national bank with a mission to serve the national needs as its priority, help the economic growth of the country, and look after the savings of its clients. In fact, a meeting was held with the late Amir of Kuwait, H.H. Sheikh Abdullah Al-Salem Al-Sabah, who congratulated them on the idea and promised them his complete support. An Amiri decree was issued on May 19, 1952 to open the National Bank of Kuwait, and NBK started operations on November 15th 1952.

NBK founders are:

  • Khalid  Zaid Al- Khalid
  • Ahmed Saud Al-Khaled
  • Khalifa Khalid Al-Ghunaim
  • Khaled Abdullatif Al-Hamad
  • Sayed Ali Sayed Sulieman Al-Rifai
  • Yousef Abdulziz Al-Fulaij
  • Yousef Ahmed Al-Ghanim
  • Mohamed Abdulmohsen Al-Khorafi
  • Abdulaziz Hamad Al-Sager

NBK was the first national bank in Kuwait and the entire Arabian Gulf region. All the board members and the founders of NBK were renowned merchants of Kuwaiti origin. NBK was established with a capital of 13,100 shares, each valued 1,000 Rupee equivalent to KD 75 today. Over the years NBK has proved itself to be a financial leader in the Arab world.

 

 

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