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    Friday,August 22,2014

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  • Market Indices
    Price: 100010
    Open: 990High: 1000
    Low: 990Close: 1000
    Volume: 4,910,531
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 260,869,108
    • Top Gainers

      Company Chg. % Cur. Price
      RKWC8.06134
      TAIBA7.6970
      HCC6.85156
      EDU6.41166
      NAFAIS5.4996
      DANAH584
      ALAQARIA4.8843
      PCEM4.411420
      AMWAL4.2149.50
      ALSALAM4.17100
    • Top Losers
      Company Chg. % Cur. Price
      ISKAN-7.6930
      AFAQ-5.81162
      UPAC-5.41700
      CLEANING-3.70104
      GNAHC-3.7052
      KCPC-3.64265
      ASC-3.45420
      MRC-3.28118
      TAM-3.17305
      AGHC-3.16184
    • By Volume
      Company Volume Price
      ISKAN`R21,711,35630
      SENERGY`R19,168,62440
      GFH`R17,048,22841.50
      SAFRE`R16,368,43939
      ABYAAR`R13,778,46948
      GNAHC`R11,103,37352
      ALDEERA`R8,638,36331.50
      ARABREC`R8,056,22554
      GPI`R7,490,631102
      DANAH`R6,991,53184
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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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