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    Tuesday,January 27,2015

    • Fajr 05:16 AM
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  • Market Indices
    Price: 9100
    Open: 910High: 910
    Low: 900Close: 910
    Volume: 1,243,294
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 262,877,629
    • Top Gainers

      Company Chg. % Cur. Price
      NICBM8216
      HCC6.49164
      SECH6.1786
      NIH4.8465
      SPEC4.55138
      ALAMAN3.6685
      AAYAN2.9969
      MUBARRAD2.7475
      KCIN1.961040
      ENERGYH1.92106
    • Top Losers
      Company Chg. % Cur. Price
      TAHSSILAT-8.6253
      GFC-8.6253
      CABLETV-7.3531.50
      MADAR-7.2532
      ACICO-6.67280
      AJWAN-6.4136.50
      ALAQARIA-6.4136.50
      ALMADINA-6.1530.50
      SAFRE-6.1223
      KMEFIC-5.7541
    • By Volume
      Company Volume Price
      GFH`R47,157,83724
      MAYADEEN`R24,817,04634.50
      ADNC`R21,982,97725
      SALBOOKH`R11,776,874116
      ALAMAN`R10,291,55585
      SAFRE`R8,662,62923
      SECH`R6,555,01486
      ALSALAM`R6,069,37566
      MTCC`R5,982,04270
      HITSTELEC`R5,814,50432
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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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