"The method of the subscription will be announced shortly to all our shareholders to make the process as easy as possible", added Al Bahar.
NBK's Annual General Assembly meeting dated 18 February 2006 approved the 10% increase in the bank's capital through a rights issue to be offered at a premium of one Kuwaiti Dinar per new share issued, over and above the par value of 100 fils per share.
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NBK's capital increase expected by end of October 06
- Kuwait: Monday, September 04 - 2006 at 14:07
- PRESS RELEASE
National Bank of Kuwait's (NBK) chairman, Mr. Mohamed Abdel Rahman Al Baher said that the subscription in the bank's 10 per cent capital increase is expected by the end of October 2006 after completing all the official procedures with the concerned authorities.
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For further information please contact the Press Office:P.O. Box 95, Safat 13001, Kuwait - Tel: (965) 2460 168 - Fax: (965) 2465 190
Posted by Anne-Birte Stensgaard, Senior News EditorMonday, September 04 - 2006 at 14:07 UAE local time (GMT+4)
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