Saturday, 22 November 2008 | 13:21 UAE time
COMPANIES
National Bank of Kuwait - Kuwait
- +1.34 Last
- +0.10 (+8.06%) Today's Change
- 7.73m Volume
- 1.04-2.12 52 Week Range
- -0.54 (-28.72%) 52 Week Change
COMPANY DESCRIPTION
National Bank of Kuwait is the biggest lender in the country by market value. The bank is planning to tap demand from wealthy Muslim expats in Europe by launching an Islamic bank in Switzerland.At the same time NBK is seeking to expand closer to home with plans for operations in Algeria, Tunisia and Morocco. NBK has raised its stake in El Watany Bank of Egypt to 93.8% from the 51% stake it acquired last year at a cost of USD 516 million.
The bank is increasingly competing with Western lenders as it cements its position in the regional corporate lending market.
KEY INFORMATION
Industry
Asset Management, Commercial Banks, Commodity Brokers, Investment Banks, Investment Funds, Stock Brokers
Address
Abdullah Al Ahmed Street, 95, Kuwait City, Kuwait
T
965 2422011
F
965 2431888
E
-
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 19 May 1952 | - |
PORTFOLIO
| Name | Country |
|---|---|
| Al Watany Bank of Egypt | Egypt |
| Credit Bank of Iraq | Iraq |
| International Bank of Qatar | Qatar |
| Intra Investment Company | Lebanon |
| Kuwait Financial Brokerage Company | Kuwait |
| Kuwaiti Jordanian Holding Company | Kuwait |
| National Bank of Kuwait | Lebanon |
| National Bank of Kuwait | UK |
| National Investors Group Holdings | Cayman Islands |
| NBK Banque Privee | Switzerland |
| NBK Investment Management | UK |
| NBK Investment Services | Bahrain |
| Qualitynet General Trading & Contracting | Kuwait |
| Shared Electronic Banking Services Company | Kuwait |
| Turkish Bank | Turkey |
| Watani Holding | Lebanon |
| Watani Investment Company | Kuwait |
| Watani Investment Company | UAE |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Mohammed Abdul Rahman Al Bahar | Chairman |
| Nasser Musaed Abdulla Al Sayer | Vice Chairman |
| Hamad Abdul Aziz Al Sager | Board Member |
| Nasser Mohammed Abdul Muhsin Al Kharafi | Board Member |
| Gassan Ahmed Saoud Al Khalid | Board Member |
| Yacoub Yousif Al Fulaij | Board Member |
| Hamad Mohammed Abdul Rahman Al Bahar | Board Member |
| Muthana Mohamed Ahmed Al Hamad | Board Member |
| MANAGEMENT | Position |
| Ibrahim Shukri Dabdoub | Chief Executive Officer |
| Issam J. Al Sager | Deputy Chief Executive Officer |
| Adel Al Majed | Group General Manager - Consumer Banking |
| Sheikha Khaled Al Bahar | Group General Manager - Corporate Banking |
| Randa Sadik | Group General Manager - International Branches & Subsidiaries |
| Salah Youssef Al Fulaij | Group General Manager - Treasury & Asset Management |
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