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    Sunday, 23,2014

    • Fajr 04:54 AM
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  • Market Indices
    Price: 9700
    Open: 970High: 980
    Low: 970Close: 0
    Volume: 257,400
    • Summary
      StatusIndexChange %Volume
      Market Open6446.80 79,030,883
    • Top Gainers

      Company Chg. % Cur. Price
      ADNC626.50
      POULT5.88180
      ALAQARIA542
      MARKAZ4.62136
      KSHC4.5523
      MASSALEH4.3572
      Mashaer Holding3.75166
      EQUIPMENT3.23128
      KFOUC3.13330
      CBK3.03680
    • Top Losers
      Company Chg. % Cur. Price
      EKHOLDING-17.139999232
      CATTL-5.68166
      ALNAWADI-5.41140
      OOREDOO-5.411400
      AMWAL-4.4043.50
      TAMINV-3.85375
      NOOR-3.77102
      TAM-3.37430
      ALRAI-3.17122
      MUNTAZAHAT-3.0695
    • By Volume
      Company Volume Price
      MANAZEL`R9,394,35255
      ADNC`R8,686,25426.50
      HITSTELEC`R7,075,70037
      GFH`R6,074,28432.50
      ALDEERA`R4,381,81216
      SAFRE`R3,886,19123
      SENERGY`R3,520,24723.50
      BURG`R3,061,421520
      ISKAN`R2,638,00021
      COAST`R2,379,99971
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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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