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    Kuwait Prayer Times
    Thursday,April 24,2014

    • Fajr 03:46 AM
    • Sunrise 05:12 AM
    • Dhuhr 11:47 AM
    • Asr 03:22 PM
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  • Market Indices
    Price: 100010
    Open: 990High: 1000
    Low: 990Close: 1000
    Volume: 976,182
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 150,683,900
    • Top Gainers

      Company Chg. % Cur. Price
      ARKAN9.26118
      ACICO8.33325
      GYPSUM7.69140
      FUTUREKID7.22104
      NSH7.04152
      NCCI6.9477
      TAMINV4.81218
      SALBOOKH4.7688
      TAHSSILAT4.1176
      AJWAN3.5159
    • Top Losers
      Company Chg. % Cur. Price
      PEARL-6.8220.50
      GCEM-6.67112
      MRC-5.88128
      IRC-4.6961
      ASC-4.26450
      ARZAN-4.0571
      MARKAZ-4144
      AMAR-3.9573
      NIND 9-3.85257.309998
      HITSTELEC-3.3957
    • By Volume
      Company Volume Price
      ALDEERA`R29,493,27742
      GFH`R11,415,68552
      AAYAN`R7,465,15679
      IFA`R5,110,81465
      ALIMTIAZ`R4,508,05183
      DANAH`R3,986,78075
      MAYADEEN`R3,701,39022
      KCIC`R3,533,93468
      MANAZEL`R3,385,41649.50
      GCEM`R3,043,733112
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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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