National Bank of Kuwait

IBS to work with Harvard to present education program for banking executives

Sheikh Salem Abdul Aziz Al-Sabah, governor of the Central Bank of Kuwait, chairman of the board of directors of the Kuwait Institute of Banking Studies (IBS), noted that the Kuwait IBS will work with Harvard Business School for the third year in a row to offer an executive education program for banking and finance executives in the GCC (gulf Cooperation Council) region.
Al-Sabah underlined the fact that the program is one of the strategic developmental projects the banking sector is following, conducted by the Central Bank of Kuwait, organized by the IBS and financed by the IBS member banks - Central Bank of Kuwait, National Bank of Kuwait, Gulf Bank, Commercial Bank of Kuwait, Burgan Bank, Al-Ahli Bank of Kuwait, Ahli United Bank, Kuwait International Bank, Industrial Bank of Kuwait and Boubyan Bank.

Bank of London and the Middle East launches Sharia'a Compliant premier deposit account in Sterling, US Dollars and Euros for inv

Bank of London and the Middle East plc whose main shareholders are Boubyan Bank, National Bank of Kuwait, the Securities House and the Public Institution for Social Security, announced today the launch of its Premier Deposit Account (PDA) in Pound Sterling, US Dollars and Euro for Kuwait investors.
BLME's PDA offers investors competitive returns on their deposit with BLME when compared with other UK Financial Institutions' deposit products.

Jersey looks to build stronger relationship with Middle East and India

In order to strengthen its relations with the Middle East and India, Jersey Finance wants to open a new overseas office.
The plan is to succeed this in the first quarter of 2011.
The organisation has two other overseas offices, in London and Hong Kong.
HSBC Middle East is regulated on Jersey, while Emirates NBD, the National Bank of Kuwait and the National Bank of Abu Dhabi all run elements of business on the island

n/a

n/a

NBK launched Leasing Fund

National Bank of Kuwait announced the launch of its “Islamic KD Ijara Fund II”. This fund is the eighteenth edition of the Islamic Ijara funds and the second from the Kuwaiti Dinar series and is will offer Private Banking clients an investment product that generates monthly income of 6.25% throughout the Fund’s term.

The Fund is entirely compliant with the laws of Islamic Shariah as approved by the independent Shariah board for Islamic funds marketed by NBK in Kuwait, comprised of Sheikh Dr. Khalid Mathkor Al-Mathkor, Sheikh Dr. Essa Zaki Shakra and Sheikh Dr. Abdul Aziz Khalifa Al-Qassar.

New Islamic Private Bank in Switzerland planned

Andrew England and David Oakley wrote a short briefing on 30 March in the Financial Times about a new Islamic private bank planned in Switzerland. National Bank of Kuwait is supposedly partnering with a Saudi-Arabian institution.

Source: http://www.ft.com/cms/s/9bbfce9e-fe8c-11dc-9e04-000077b07658,Authorised=...

NBK Capital aims to arrange Sukuk and close Private Equity transactions

Ulf Laessing reported in ArabianBusiness on 27 March about NBK Capitals plans to arrange Sukuk issues worth up to USD 700 mn in 2008 and to finalise four purchases for a Private Equity Fund.

The article confirms the slow down due to the credit crisis and that the pricing does not meet the clients requirement easily.

Further the company is buying into a car leasing company in Saudi, according to the Head of investment and merchant banking, Amjad Ahmad. It also aims to open offices in Qatar and Saudi-Arabia next year. It is operation in Turkey and interested in Syria.

NBK Capital operates currently in Kuwait and Dubai and focusses on mid-range deals in the triple-million dollar digit range.

Source: http://www.arabianbusiness.com/514909-nbk-capital-plans-700mn-islamic-bo...

Syndicate content