Thursday, 08 January 2009
updated 1 minute ago
07:45 UAE time

YOUR DIRECTORY /

NBK gets share buyback approval

by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 23 November 2008

SHARE BUYBACK: NBK said it has won approval to buy back 10 percent of its shares. (ITP Images)

National Bank of Kuwait (NBK), the country's largest bank by assets, said on Sunday it had won central bank approval to buy back up to 10 percent of its stock.

The six-month period starts on Nov. 24, the bank said in a statement on the bourse website.

NBK stock extended gains after the news, rising as much as 4.48 percent by 0613 GMT. (Reuters)

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