Press Release
30 September 2007

Subscription to NBK Capital Increase by December
 

The Deputy Chief Executive Officer of the National Bank of Kuwait (NBK), Isam Al Sager said that the subscription to NBK's 20% capital increase  will not be realized before December 2007 after obtaining all necessary approvals and finalization of official procedures with the concerned authorities in Kuwait as well as the issuance of the Amiri Decree of the  capital increase effectuation. He added that the announcement of the scheduled subscription date will be made public within proper span of time in advance for all our shareholders.

NBK's Board of Directors has already approved at its annual General Meeting held last Sunday a 20% capital increase through a rights issue, whereby new shares will be offered for subscription at a par value of 100 fils and a premium of 900 fils per share.