National Bank of Kuwait to manage Zain's 75% capital increase

This will be the largest ever capital increase in Kuwait's history.

NBK General Manager, Shaikha Khaled Al Bahar said that it was greatly gratifying to note that NBK was selected to manage the capital increase of Zain Group, which is one of the best mobile telecommunications companies not only in the middle East but by international standards as well, the fact that has been evidenced by the remarkable successes Zain had recently achieved in Africa and several other countries around the world, adding that Zain is expected to witness further growth and expansion during the forthcoming epoch.

Pointing out to the strong and consistent relationship existing between the National Bank of Kuwait and Zain Group, Al Bahar said that both institutions share the same corporate culture and are involved in strong and consistent partnership that has evolved throughout the years and was culminated by continuous success that encourages us to maintain a long-term cooperation.