Al Bahar: Zain's Successful Capital increase is a vote of Confidence in the Company's Performance and Strategy

NBK demonstrated Remarkable efficiency in managing the largest subscription in the history of the KSE.

National Bank of Kuwait's Deputy CEO, Shaikha Khalid Al Bahar stressed that the successful completion of Zain's capital increase subscription, exclusively managed by NBK, with 99% subscription and a total value of 1.2 billion Kuwaiti dinars ($ 4.5 bn.), undoubtedly enhances the  confidence in the Company's performance and expansion strategy.
"The remarkable success of the largest capital increase in the history of Kuwait, despite the recent gloomy situation and pressures dominating the local market, in addition to the decline in local liquidity and the unfavorable psychological circumstances of traders, is undoubtedly an unanimous vote of confidence in Zain's performance, management team, and ambitious expansions in different parts of the world", Al Bahar said, adding that Zain has, by all standards, become one of the world's largest and most prominent mobile operators.
Al Bahar also explained that NBK, being the sole manager of the subscription,  has strongly and considerably contributed to the success of Zain's subscription, demonstrating unrivalled professionalism in dealing with the subscription through its network, in addition to providing all supporting means that led to such successful completion within a record time.
Commending the unique partnership between the two companies,  and the support provided by NBK to Zain's expansionary steps, Al Bahar added that the success of this subscription also reflects NBK's competency in managing such huge subscriptions.