VOL. XLV

No 42

21-October-2002

REGIONAL BANKING

NBK Gets Approval To Open Branch In Saudi Arabia

The National Bank of Kuwait (NBK) announced on 24 September that it had the approval of Saudi Arabias cabinet to open a branch in the kingdom. NBK Chairman 'Abd al-Rahman al-Bahr said that Saudi Arabia was one of the most important financial centers in the region, and he hoped that NBKs presence would enhance the trade and investment flows between the two countries. He said NBK aimed to play an active...