More on National Bank of Kuwait
When it does, it plans to set up a $106.3 million banking subsidiary. NBK would hold a 49% share of the new lending operation, the maximum allowed by the Syrian authorities.
Once NBK gains entry into the Syrian market, it will have a presence in all of the leading markets in the Middle East and Arab region, following the completion last month of investments in Egypt and Turkey. In Egypt it bought Al-Watany Bank for $516 million; in Turkey it signed an agreement to buy a...
