Kuwait-Mubasher: National Bank of Kuwait (NBK) started issuing 343.96 million shares for subscription by all shareholders of record on 17 May, according to a statement.
The issue price stands at KWD 400 fils, with a nominal value of 100 fil per share, in addition to a premium issue of 300 fils, NBK noted.
NBK received an approval from Kuwait’s Capital Markets Authority on 21 April to increase its capital by 6.5% from KWD 529.17 million to KWD 563.57 million.
The subscription period will end on 16 June.
The bank declined 1.52% to KWD 650, with a turnover of KWD 394,300 generated from the exchange of 615,700 shares.
