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Acquistion
Status
Complete
Acquirer
Target
Announcement Date
05 May 2010
Closing Date
05 May 2010
|
National Bank of Kuwait (NBK) provides commercial banking services including deposits, loans, and credit cards, investment banking, asset management , private equity investments and brokerage services directly and through subsidiaries across the MENA region, Turkey, China, Singapore, Vietnam, Switzerland, US and UK. The Watani Investment CompanyWatani Investment Company ( NBK CapitalNBK Capital ) was established in June 2005 as NBK’s investment management arm. It provides investment advisory services on mergers and acquisitions, initial public offering and underwriting, asset management services including Islamic and conventional fund and wealth management, private equity investment and brokerage services. NBK Capital’s assets under management total KWD1.98 billion (USD7 billion), as of December 31, 2010. NBK’s total revenues decreased by 8.46% to KWD613.5 million (USD2.16 billion) while net income increased by 13.75% to KWD301 million (USD1.07 billion), in 2010.
Major Shareholders  |
Section Updated: 15Sep11
|
|
Foreign Ownership Limits
Section Updated: 01Mar10
49%
GCC Nationals
49%
Foreigners
|
Auditors
| Ernst and Young Al Aiban Al Osaimi and Partners |
Al Fahad and Company Deloitte and Touche |
| Financial Results |
31-Dec-10 |
31-Dec-11 |
Yr on Yr |
| |
KWD'000 |
KWD'000 |
change (%) |
Total revenues  |
613,543
|
535,338
|
(12.75) |
Net profit  |
301,686
|
302,406
|
0.24 |
| Total assets |
12,898,944
|
13,626,848
|
5.64 |
| Paid-up capital |
359,793
|
395,772
|
10.00 |
| Shareholders' Equity |
2,217,635
|
2,324,608
|
4.82 |
| Shares outstanding |
3,587,637
|
3,927,302
|
9.47 |
| Market capitalization |
5,166,198
|
4,398,578
|
(14.86) |
| Note: Current shares outstanding is 3,957,725,114 |
| » View Full Financials |
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