"NBK is delighted to be able to offer its customers the opportunity to participate in this exciting IPO, even if they are currently on vacation throughout our branch network in Lebanon, Bahrain, Jordan, London & Geneva. All customers' inquiries related to the IPO shall be handled and serviced in the most effective manner," said Sheikha Khaled Al-Bahar, Group General Manager Corporate Banking at NBK.
Al Bahar indicated that NBK considers it a privilege to offer this service to its valued customers, as PWC is one of the fastest growing local companies that achieved record growth within a short period of time.
NBK customers may subscribe in any of the Bank's branches located in Kuwait during working hours. The PWC IPO was launched on August 24 and will close on September 7th.
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NBK offers Public Warehouses Company rights issue
- United Arab Emirates: Saturday, August 27 - 2005 at 11:53
- PRESS RELEASE
National Bank of Kuwait (NBK) announced today that customers may subscribe to the capital increase rights issue of Public Warehouses Company throughout its regional and international branch network in Lebanon, Bahrain, Jordan, London & Geneva.
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Notes and media contacts
About National Bank of Kuwait (NBK):NBK was founded in 1952 as the first indigenous bank and the first joint stock company in Kuwait and the Gulf Region. It is by far the largest financial institution in Kuwait with effective market dominance in the commercial banking market. NBK stands out in Kuwait and among Arab banks in terms of its local and international network, which includes branches, subsidiaries and representative offices in London, New York, Paris, Geneva, Qatar, Bahrain, Lebanon, Amman, and Singapore, with other ambitious plans for regional expansion in KSA, Iraq and China. NBK reported profits of USD 515 million during 2004, among the highest in the Arab world.
NBK's Long-Term Rating:
• Moody's A2
• FitchRatings A+
• Standard & Poor's A
• Capital Intelligence A+
For more information on news, products, and services from NBK, please contact the Press Office:
Tel: (965) 2422 011 - Ext. 3258; 3222
Dir: (965) 2460 168
Fax: (965) 2465 190
Posted by Lara Lynn Golden, News EditorSaturday, August 27 - 2005 at 11:53 UAE local time (GMT+4)
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