Press Release
27 April 2008

NBK to highlight Investment Opportunities for Thahabi Customers

Al Fulaij: Investment Products and Services are a core component of our offering to Thahabi customers
 

National Bank of Kuwait (NBK), the leading bank in Kuwait and the highest rated bank in the Middle East, is organizing its second investment seminar for its affluent, Thahabi customers.  

CEO of NBK Capital Salah Al-Fulaij said "Taking place at the Arraya Ballroom on May 6th, the investment seminar will address the investment and economic issues in the region and highlight the opportunities available for the Thahabi investor concerned with the best strategies for successful capital preservation and growth".  

"Fuelled by a surge in oil prices as a result of increased worldwide demand, Kuwait and the Gulf region has experienced tremendous economic growth over the last few years and seen liquidity levels in the local and regional markets rise to record highs. Similarly, demand for local and international savings and investment products has also skyrocketed as investors have shown an increased appetite for seeking out conventional and alternate products to meet their requirements", Al Fulaij added.

“NBK’s commitment to provide its affluent customers with innovative investment products that are designed primarily with capital preservation and sustainable growth in mind, has ensured that Thahabi customers are well placed to benefit from the investment opportunities available in the local and international markets” said Al Fulaij.

The Thahabi investment seminar will be a feature packed event that investors will find informative and educational. In attendance will be George Richani Deputy General Manager & Deputy Treasurer at NBK, and our special guest speaker Mike Azlen, CEO of Frontier Capital Management - winner of the 2008 Hedge Funds World Award for the Middle East’s ‘Most Innovative Product’, who will brief investors on the evolution of strategic asset allocation and global diversification.

Thahabi is the Premier affluent package from NBK that offers customers personalized and ‘best in class’ products and services, delivered by professional Personal Banking Officers. Furthermore, Thahabi customers also enjoy many banking related discounts, fee waivers and value-added lifestyle benefits. Qualification for the Thahabi package is subject to meeting the minimum deposit criteria of KD. 30,000 in any interest or non-interest bearing account and/or a minimum continuous monthly salary transfer of KD. 1,500.