NBK Commits $1.6 Billion to Support Saudi Vision 2030

The National Bank of Kuwait (NBK) has entered into agreements worth $1.6 billion during Saudi Arabia's Future Investment Initiative in Riyadh. Among the deals is a $690 million agreement with ACWA Power to boost its expansion. NBK's investments align with Saudi Arabia's Vision 2030 strategy.

During the Future Investment Initiative in Riyadh, the National Bank of Kuwait (NBK) announced $1.6 billion in agreements, according to Kuwait's state news agency, KUNA.

A noteworthy deal includes a $690 million framework agreement with ACWA Power, focusing on the company's growth in and outside Saudi Arabia.

NBK's actions underscore its commitment to Saudi Arabia's Vision 2030, an ambitious strategy tying economic growth to transformative projects across the kingdom.

(With inputs from agencies.)