No. 45



NBK And NCB To Underwrite $200Mn Capital Increase For ARIG

National Bank of Kuwait (NBK) and National Commercial Bank (NCB) of Saudi Arabia have won the mandate to act as advisers to the Arab Insurance Group (ARIG) on the subscription of fresh capital. In a statement the two banks said that they will be underwriting $200mn of a public issue - but it may be that the insurance company will want to raise more funds. ARIG, which is currently owned by...