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    Friday,April 18,2014

    • Fajr 03:53 AM
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  • Market Indices
    Price: 10000
    Open: 1000High: 1000
    Low: 990Close: 1000
    Volume: 895,014
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 213,629,146
    • Top Gainers

      Company Chg. % Cur. Price
      BOUBYAN.311.34562.099976
      JEERANH8.6263
      ALMADINA5.4348.50
      TAMINV5.15204
      POULT5.13164
      GFC4.7189
      FIRSTDUBAI3.92106
      KMEFIC3.5758
      ALNAWADI3.51118
      KAMCO3.45120
    • Top Losers
      Company Chg. % Cur. Price
      IRC-8.7752
      IFA-7.9458
      QURAINHLD-7.5830.50
      ADNC-7.3531.50
      ALDEERA-7.1432.50
      PEARL-6.9820
      KSHC-5.9731.50
      KBT-5.9539.50
      TAHSSILAT-5.8880
      REFRI-5.88320
    • By Volume
      Company Volume Price
      ABYAAR`R24,885,13248
      ALIMTIAZ`R12,911,05785
      ALDEERA`R11,361,39332.50
      IFA`R10,751,11758
      KBT`R8,200,62539.50
      NIND`R7,928,223250
      MAZAYA`R7,738,006140
      ALOLA`R6,939,28397
      SOKOUK`R6,555,701110
      KRE`R6,434,49592
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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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