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NBK wins prestigious Citi Performance Excellence Award
September 4, 2016
The National Bank of Kuwait (NBK) recently received the prestigious Citi Performance Excellence Award by Citi for its leadership in worldwide electronic payments during 2015.
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National Bank of Kuwait to provide $280 million in credit to The Kuwait Styrene Company
July 19, 2016
The National Bank of Kuwait (NBK) recently announced a financing agreement with The Kuwait Styrene Company (TKSC) to provide the styrene monomer producer with $280 million in credit facilities for general purpose spending. NBK Kuwait CEO Salah Al-Fulaij and his TKSC counterpart, Adel Yousuf Al-Saad Al-Munifi, signed the agreement.
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Kuwait’s Boubyan Bank issues first public sukuk
May 30, 2016
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.
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Al Ruwayeh & Partners represents Kuwaiti financial groups in clean fuels project
May 9, 2016
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
May 4, 2016
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 →Moody’s reports that NBK continues to improve, grow capital
April 8, 2016
Moody’s Investors Service recently stated that the National Bank of Kuwait has improved the strength of its capital base and supported additional business growth, maintaining its position as an important financier for several projects in the area.
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Clifford Chance advising Kuwait National Petroleum on Clean Fuels Project
March 24, 2016
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.
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NBK named Bank of the Year in Kuwait
December 9, 2015
National Bank of Kuwait (NBK) was honored last week as Bank of the Year in Kuwait 2015 by Financial Times magazine The Banker. The Banker awards are given to top regional performers each year at an awards ceremony in London. The ceremony has a high-powered guest list of prestigious global banking executives who are lauded for their financial achievements.
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National Bank of Kuwait listed among world’s 50 safest banks
September 11, 2015
For the 10th consecutive time, the National Bank of Kuwait is among The World's 50 Safest Banks as listed by Global Finance, topping many of its international financial heavyweights.Global Finance rankings are based on collective long-term credit ratings.
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