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National Bank Of Kuwait News

Kuwait's Boubyan Bank issues first public sukuk

Kuwait's Boubyan Bank issued $250 million Perpetual Tier 1 Capital Certificates completed May 16, the first public sukuk from a Kuwaiti bank, the first public sukuk out of Kuwait since 2007 and the world’s first public fully Basel III-compliant Tier 1 sukuk. “We are delighted to have been part of this truly remarkable transaction,” Alex Roussos, Dentons capital markets partner, said. Read More »

Al Ruwayeh & Partners represents Kuwaiti financial groups in clean fuels project

Kuwait's most prominent corporate law firm, Al Ruwayeh & Partners (ASAR), represented Kuwait Finance House, National Bank of Kuwait and other Kuwaiti financial groups in connection with financing the Kuwait National Petroleum Company's (KNPC) clean fuels project. The project calls for the improvement of Mina Abdulla and Mina Al Ahmadi refineries. Read More »

National Bank of Kuwait applauds Clean Fuels Project

National Bank of Kuwait (NBK) CEO Salah Al Fulaij said the Kuwait National Petroleum Company's Clean Fuels Project is a boost for the local economy and elevates Kuwait's global standing. Al Fulaij said that NBK’s noteworthy reputation, professionalism and credibility are confirmed through the company’s involvement with the project during a signing ceremony for project financing. Read More »

Clifford Chance advising Kuwait National Petroleum on Clean Fuels Project

The law firm of Clifford Chance will be advising the Kuwait National Petroleum Company (KNPC) on its Clean Fuels Project (CFP), the first time that KNPC has looked to access debt markets.The CFP is intended to upgrade Kuwait’s refineries at Mina Abdulla and Mina Al-Ahmadi. The CFP will see the two refineries transformed into an assimilated commercial refining complex. Read More »

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