Middle East Economic Survey

VOL. XLVIII

No 29

18-July-2005

Kuwait

NBK Sets Up Investment Company

National Bank of Kuwait (NBK) announced on 27 June the setting up of National Investment Company with a KD15mn ($51.4mn) capital to act as its investment arm. The new firm will carry out NBKs increasing investment activities while maintaining an independent management. It will focus on three main areas of interest: investing in private companies, listing them on the stock exchange and raising them to...