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NBK denies legal action against sale of NBK Egypt

NBK denies legal action against sale of NBK Egypt
NBK will disclose any material developments in due course
NBK
NBK
-0.41% 960.00 -4.00
NBK
NBKE
-0.26% 19.05 -0.05

Mubasher: The National Bank of Kuwait (NBK) has denied media reports and rumours circulating on social media platforms that a lawyer has filed a lawsuit in the Egyptian State Council requesting to rescind the sale transaction of the National Bank of Kuwait - Egypt (NBK Egypt).

NBK emphasises that it has not received any judicial or legal statements from authorities in this respect to date, according to a stock exchange statement on Sunday.

The Kuwaiti lender added that it will announce any material developments on the matter in due course.