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NBK Wealth Saudi Arabia strengthens its position as the leading provider of wealth management solutions in the Kingdom

NBK Wealth Saudi Arabia strengthens its position as the leading provider of wealth management solutions in the Kingdom
arabtimesonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabtimesonline.com Daily Mail and Mail on Sunday newspapers.

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Bader Al-Kharafi leads Kuwait's CEOs on Forbes Middle East list

Bader Al-Kharafi leads Kuwait's CEOs on Forbes Middle East list
q8dailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from q8dailynews.com Daily Mail and Mail on Sunday newspapers.

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Kuwait Roundtable: Looking | Global Finance Magazine

Kuwait Roundtable: Looking to Recovery
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Kuwaiti banks provided crucial support through the Covid-19 crisis and will play just as important a role in nursing the nation back to full economic health. Top executives from seven of the nation’s leading financial institutions discuss the past year and look ahead to the future.
May 06, 2021
Global Finance: A year after the pandemic, Kuwait is still experiencing partial lockdowns, travel bans and mandatory institutional quarantining. Vaccines are becoming available but have not yet reached a large percentage of the population. How has the pandemic impacted Kuwait’s economy and banks? When do you anticipate recovery to take place in earnest? Which sectors of the economy will be permanently advantaged or damaged? ....

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NBK's AGM Approved Distribution of 20% Cash Dividends and 5% Bonus Shares - ARAB TIMES

Mr. Nasser Al-Sayer,
NBK Group Chairman delivered his speech at the 2020 AGM and EGM affirming that the Covid-19 pandemic’s fallout affected all global economies and companies, and Kuwait and the Middle East were no exceptions. For the GCC, the impact was especially severe in light of a record-low oil price environment, at the beginning of the crisis, followed by fluctuations, at the same time they are fighting to contain the spread of the pandemic.
Al-Sayer said: “Despite the challenging operational environment that we faced during the past year, we managed to achieve decent profits amounting KD 246.3 million, whereas operating profits stood at KD 530.9 million. These financial results for 2020 reaffirmed our resilient business model and a strong financial position, and showed continued payback of our diversification and digital transformation strategies.” ....

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