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    Sunday,March 29,2015

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  • Market Indices
    Price: 82010
    Open: 810High: 830
    Low: 800Close: 0
    Volume: 1,946,214
    • Summary
      StatusIndexChange %Volume
      Market Open6446.80 157,905,264
    • Top Gainers

      Company Chg. % Cur. Price
      ALAQARIA10.4226.50
      INVESTORS9.6228.50
      BIIHC7.8455
      REAM7.14150
      MANAZEL6.8539
      ADNC6.8223.50
      ABYAAR6.6732
      KPAK6.58405
      AJWAN6.5632.50
      SECH6.3567
    • Top Losers
      Company Chg. % Cur. Price
      AMAR-5.7749
      ENERGYH-5.4387
      MENA-4.6930.50
      SOOR-4.29134
      TAM-4.26450
      INJAZZAT-4.1170
      ALRAI-3.64106
      SGC-3.51110
      ARGAN-3.49166
      SULTAN-3.1692
    • By Volume
      Company Volume Price
      ADNC`R20,559,56423.50
      GFH`R18,226,86916.50
      MAYADEEN`R15,007,43228
      SAFRE`R8,643,06722
      INVESTORS`R7,131,35128.50
      ALTIJARIA`R5,429,33898
      QURAINHLD`R5,388,73913.50
      ABYAAR`R5,273,27832
      ALSALAM`R4,259,33856
      ALMUDON`R3,437,90157
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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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