Kuwait .. The National Bank of Kuwait contributed to 1.86% after a royal transfer process

The share of the National Bank of Kuwait, which is running and trading on the Kuwait Stock Exchange, increased by 1.86% when closing trading today, Monday, to circulate at the price of 988 fils per share, after a person performed a royal transfer.

10.4 million shares of the National Bank of Kuwait were traded at that time, with a value of 10.25 million dinars.

The highest price for the share at that time was at 996 fils per share, while the lowest price for the share was at 971 fils per share.

The stock price witnessed a remarkable increase after the National Bank of Kuwait announced that a person familiar with its shares had carried out a royal transfer, as the bank reported that the Executive Vice President, Suleiman Barak Khaled Al -Marzouq, transferred ownership of 139.99 thousand shares, which led to the stability of his securities balance at The same number mentioned previously.

It is worth noting that the capital of the National Bank of Kuwait, the source and the paid, amounted to 832.64 million dinars, distributed over 8.33 billion shares, with a nominal value of 100 fils per share, according to the data of the Kuwait Stock Exchange.

The bank’s financial statements also showed an increase in profits during the third quarter of 2024 by 5.7% on an annual basis, reaching 164.6 million Kuwaiti dinars.

With regard to profits during the first nine months of the same year, it recorded an increase of about 6%, to reach 457 million dinars (equivalent to 1.5 billion dollars), compared to 431.1 million dinars (1.4 billion dollars) in the previous year 2023.

Besides, the total assets increased by 6.3% on an annual basis until the end of September 2024, reaching 39.2 billion dinars (128.5 billion dollars).

The total loans and facilities also witnessed an increase of about 6.2% compared to the same period of the previous year, to reach 23.2 billion dinars (76.0 billion dollars).