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    Thursday,October 30,2014

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  • Market Indices
    Price: 970-10
    Open: 980High: 980
    Low: 970Close: 970
    Volume: 1,734,278
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 142,118,613
    • Top Gainers

      Company Chg. % Cur. Price
      IPG5.62470
      TAIBA584
      KCIN41040
      ITHMR452
      TAHSSILAT3.8082
      NAPESCO3.51590
      PEARL3.4515
      LOGISTICS3.39122
      MADAR3.3346.50
      POULT3.26190
    • Top Losers
      Company Chg. % Cur. Price
      MASHAER 6-12.219999161.081009
      MASHAER 3-10.64159.540009
      CITYGROUP-5.68415
      SGC-5.36106
      ENERGYH-5.1592
      FIRSTDUBAI-5.1093
      EQUIPMENT-4.48128
      JEERANH-4.1170
      BPCC 6-4734.039978
      URC-3.85100
    • By Volume
      Company Volume Price
      GFH`R27,568,78931.50
      ALMAL`R7,639,29952
      SENERGY`R6,775,69729
      NINV`R5,138,412172
      COAST`R5,128,26078
      KSHC`R4,607,70929
      SAFRE`R3,818,00332.50
      ITHMR`R3,571,64252
      MANAZEL`R3,559,46159
      KINV`R3,217,984156
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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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