NBK lists NBK Gulf Equity Fund and NBK Qatar Equity Fund on the Bahrain Stock Exchange

Salah Al-Fulaij, NBK Capital's Chief Executive Officer, stated that the decision to list the funds was based on the demand that was seen from international investors to invest in the two funds, both of which have generated attractive returns since their inceptions.

The NBK Gulf Equity Fund, an investment fund which aims to generate absolute returns through investing in the GCC equity markets, appreciated by 53% since its inception in June 2005 until April 2008.

As for the NBK Qatar Equity Fund, it has appreciated by 56% since its inception in May 2006 until April 2008.

The signature of the listing agreement took place on Wednesday 28th May 2008, in the Bahrain Stock Exchange with Ali Ashkanani, the manager of both funds, and Fouad A. Rahman Rashid, Director of the Bahrain Stock Exchange, attending the ceremony.

The listing of both funds is in line with NBK's policy of applying global standards in the management of assets and investment funds. This listing also represents another step in NBK's strategy of strengthening its regional presence, as it will boost NBK's position as the leading regional financial institution that offers investment solutions in local and international markets.