NBK unhurt by liquidating Americana’s pledged shares

Kuwait – Mubasher: National Bank of Kuwait (NBK) said the proceeds that will result from liquidating the pledged shares of Kuwait Food – Americana will be directed towards paying the debts of number of its clients.

NBK noted that covering such debts is considered one of its regular banking activities and won’t has any financial impact on its financial position.

Last October, Americana said it awaits both Central Bank of Kuwait (CBK) and the Capital Markets Authority (CMA) in order to release its pledged shares at local banks.

Mubasher Contribution Time: 23-Oct-2016 14:43 (GMT)
Mubasher Last Update Time: 23-Oct-2016 14:43 (GMT)