Forbes Middle East

8. National Bank Of Kuwait (NBK)

Group CEO: Isam J. Al-Sager

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Country: Kuwait

Sales: $3.9 billion • Profits: $859 million

Assets: $98.7 billion • Market value: $20 billion When NBK was founded in 1952, it was the first indigenous bank in Kuwait and the first shareholdi­ng company in the Gulf region. The bank reported a net profit of $295.8 million in Q1 2021—an 8.5% year-on-year increase compared to Q1 2020. During the pandemic, NBK launched mobile bank branches—a fleet of vehicles that provided services to customers at their doorsteps, such as ATM transactio­ns, withdrawal­s, and deposits. Isam J. Al-Sager also serves on the boards of Watani Wealth Management (KSA) and MasterCard.

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