Kuwait – Mubasher: National Bank of Kuwait (NBK) said Capital Market Authority approved increasing the bank’s paid-up and issued capital by 6.5%, or KWD 34.4 million.
The capital should be raised to KWD 563.57 million from KWD 529.17 million, when the move is complete.
The capital hike will be carried out through a rights issue of 344 million shares at a par value of 100 fils each.
The bank’s stock was quoted higher at 1.52% to 670 fils, after 501 million shares were traded at a turnover of KWD 336,000 an hour and a half after the session started.
