Kuwait-Mubasher: The National Bank of Kuwait (NBK) said it was granted an approval from Kuwait’s central bank to increase the authorised capital to KWD 600 million that will be distributed on 6 billion shares, according to a bourse filing.
There is a possibility for NBK to raise the issued and paid-up capital within the authorised capital, to enhance the bank’s capital adequacy ratio (CAR) and maintain the credit ratings, added the bank.
NBK’s current capital stands at KWD 504 million that is distributed on 5.04 billion shares.
