Mubasher: National Bank of Kuwait (NBK) on Sunday announced that the general assembly has approved the election of nine members of the bank’s board of directors for the upcoming period 2019-2021.
The bank named Nasser Musaed Al-Sayer as its new board chairman, according to a statement to Boursa Kuwait.
Ghassan Ahmed Al Khalid has been elected as the board vice-chairman of the bank.
The seven board members are Hamad Abdul Aziz Al Sager, Yacoub Yousef Al Fulaij, Hamad Mohammed Al Bahar, Muthana Mohamed Al Hamad, Haitham Sulaiman Al Khaled, Emad Mohamed Al Bahar and Tala Jassim Al Kharafi, the statement added.
The Kuwaiti bank’s profits hiked by KWD 48.35 million to KWD 370.71 million ($1.23 billion) in the FY 2018, from KWD 322.36 million ($1.06 billion) in the prior year.
By the end of Thursday’s session, NBK’s stock rose 0.22% at 915 fils.
