Suq Al Mal

Updated for comments on Chapter 11. Here are some additional details on Awal's filing. The case number assigned by the Bankruptcy Cour...

On 23 September, S&P announced it was withdrawing from rating CBK at the bank's request.  In line with standard operating procedure...

AlQabas published a summary of a recent HSBC research report in its Sunday issue. Here's a quick summary of the main points: HSB...

Quoting informed banking sources, AlQabas reports that Commercial Bank of Kuwait has proposed to TID that the BB shares be sold and that an...

Two articles in AlQabas for 12 May. On the Board :  Badr AlAhmad as Chairman and Ali Al Awadhi as Vice Chairman. On 1Q10 earnings and strat...

Press releases below. I'm guessing loan loss provisions are responsible. CBK's press release first, then Burgan's.  For those ...

CBK announced on the KSE today that the Board had accepted the resignation of Mr. AlRabah, the Chairman, and had called up the reserve dire...

AlQaba s has a report that Jamal AlMutawa, the former GM of CBK, was in the bank to assist with negotiations with TID (being run as per th...

AlWatan reports that Mr. Abdul Rahman Al Ali, described as a reserve director for CBK (one to take the place of a sitting director in the e...

In its 7 May edition AlWatan reports that Mr. AlRabah was elected as Chairman and Managing Director of Commercial Bank's 100% owned sub...

AlQabas has a report on the meeting in Dubai between TID and the Creditors' Co-ordinating Committee this Tuesday. Here are the key po...

TID released a formal announcement on the KSE today (text below, Arabic only) about its fiscal 2008 financials. The major piece of new ...

AlWatan reports on the dynamic goings on of Commercial Bank of Kuwait's new board.  Almost weekly meetings to discuss and implement str...

Citing a well connected but unnamed source, AlQabas reports that the Financial Stability Law Court has issued a decision halting all legal...

Following up on an earlier story , AlQabas reports that the lawyers for four local banks (named earlier as Kuwait Finance House. Commercial...

NBK has increased its stake in BB to 46.66% as per the KSE .   (Very last item on the page). Currently, NBK has Central Bank of Kuwait app...

An interesting post by Sal over at Alphadinar.    Why Dherar Al-Rabah was Appointed Chairman of Commercial Bank of Kuwait.  ...

Update:  AlQabas had a more upbeat assessment in its Monday 12 April issue.  Here' s the link to my post. So says AlQabas .  First...

AlQabas has a report on CBK's Annual General Meeting of Shareholders ("AGM") 7 April.  (Also sometimes referred to as an Ord...

Two articles in AlQabas today on the latest developments. To recap late in December 2008, TID and Commercial Bank of Kuwait engaged in a U...