VOL.XXXVI

NO.50

13-SEPTEMBER-1993

Financial and Banking News

REGIONAL BANKING

Mr. Muhammad 'Abd al-Muhsin al-Kharafi

The board of directors of National Bank of Kuwait(NBK) announcedon 6 September thattheir Chairman,Mr.Muhammad 'Abd al-Muhsin al-Kharafi,haddied earlier that day.Mr.

Kharafi had been a board member of the bank since its foundationin1952andwasDeputy Chairman from1985 until

1980, when he became Chairman. Under his leadership NBK has risen to be one of the leading banks in the Arab...