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  • Prayer Timings

    Kuwait Prayer Times
    Saturday,July 4,2015

    • Fajr 03:16 AM
    • Sunrise 04:53 AM
    • Dhuhr 11:53 AM
    • Asr 03:27 PM
    • Maghrib 06:52 PM
    • Isha 08:22 PM
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  • Market Indices
    Price: 8500
    Open: 850High: 860
    Low: 850Close: 850
    Volume: 78,736
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 82,934,340
    • Top Gainers

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      CATTL9.26118
      YIACO8.20132
      ZIMAH5.9589
      ALRAI4.23148
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      CABLETV3.7727.50
      EKTTITAB3.7042
      AAYANRE3.6186
      KPPC3.2348
      FACIL3206
    • Top Losers
      Company Chg. % Cur. Price
      SGC-8.33110
      GGMC-8.33550
      FUTURE-6.78110
      ACICO-6.25300
      OSOUL-5.6650
      Asiya-5.1546
      CABLE-5.08560
      SECH-5.0856
      TAHSSILAT-547.50
      BPCC-4.84590
    • By Volume
      Company Volume Price
      GIH`R7,286,11149
      MANAZEL`R4,791,39041
      MAYADEEN`R4,458,71929
      GFH`R3,867,09959
      NIND`R3,796,275162
      EDU`R3,783,710206
      ALMAL`R2,843,25039.50
      ALSALAM`R2,577,49248.50
      COAST`R2,535,00953
      HITSTELEC`R2,244,06228
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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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