Middle East Economic Survey
NBK Concludes Grindlays Qatar Bank Purchase, Opens Lebanon Branch
National Bank of Kuwait (NBK) announced on 31 August that it had signed formal documentation to complete its acquisition of a share in Grindlays Qatar Bank. The agreement calls for NBK to buy a 20% stake and manage the bank, which is now renamed International Bank of Qatar (MEES, 10 May). NBK has been looking to acquire Qatari assets for sometime, and last...