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.
National Bank of Kuwait to manage Zain's 75% capital increase
The National Bank of Kuwait (NBK), the highest rated bank in the Middle East, has been assigned by Zain Group, the leading mobile telecommunications provider in the Middle East and Africa, to manage the Group's 75% capital increase valued at KD1.2bn ($4.4bn).
- Kuwait: Saturday, March 15 - 2008 at 14:04
- PRESS RELEASE
Notes and media contacts
Issued by National Bank of KuwaitFor more info, please contact PR Office:
Tel: 259 2577-259 3222
Fax: 2465190
Posted by Medilyn Manibo, Assistant News EditorSaturday, March 15 - 2008 at 14:04 UAE local time (GMT+4)
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