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  • Market Indices
    Price: 970-10
    Open: 980High: 980
    Low: 970Close: 970
    Volume: 1,838,507
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 100,269,981
    • Top Gainers

      Company Chg. % Cur. Price
      ACICO7.94340
      CITYGROUP6.17430
      PEARL5.8818
      ITHMR5.6846.50
      Mashaer Holding5.49192
      SALBOOKH4.8287
      MADAR452
      IRC3.7755
      ALNAWADI3.64114
      UIC3.64114
    • Top Losers
      Company Chg. % Cur. Price
      PAPCO-8.93102
      GFC-7.0466
      WINS-5.63134
      NCCI-4.8199
      AJWAN-4.2145.50
      OULAFUEL-3.57162
      KCPC-3.57270
      CLEANING-3.51110
      QCEM-3.2689
      FIRSTDUBAI-3.1991
    • By Volume
      Company Volume Price
      GFH`R27,046,79041.50
      ITHMR`R12,521,98646.50
      KRE`R7,027,11774
      SECH`R3,200,30371
      SAFRE`R3,085,51537
      MABANEE`R2,982,722990
      MUBARRAD`R2,876,33075
      SENERGY`R2,702,77936.50
      ALQURAIN`R2,581,393255
      EKTTITAB`R2,208,50751
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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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