NBK Capital announced the successful completion by the first group of graduates of the newly established special training program for financial brokers in the company. The program is unique in that after passing the exam, the brokers get a brokerage certification by NBK Capital in partnership with Securities Training Corporation (STC), a leading provider of training to financial intermediaries globally.

This is the first training program of its kind in Kuwait and the Arab world and is based on the principles and global standards used to certify all brokers in the United States where they are subject to a test supported by the Securities and Exchange Commission before allowing them to become active brokers in the stock market. NBK Capital developed the program and test in cooperation with STC and has been customized to conform to local and regional laws and requirements. The first group of brokers to be included in the program includes 17 financial brokers at NBK Capital.

This new program was created as a step by NBK Capital to ensure compliance with the new upcoming rules and regulations by the Capital Markets Authority. It will also be an added value when the Nasdaq OMX systems are functional in the Kuwait Stock Exchange in the near future.

Mr. Salah Al Fulaij, NBK Capital's CEO, stated that the introduction of this training program for company employees is evidence of the company's keenness to provide distinguished service in conjunction with focusing on human resource development and upgrading our overall service. He added that cooperation with a company such as STC, with its international reputation in financial training will raise the level of expertise and professionalism of NBK Capital brokers to the highest levels, which will reflect on the best services being offered to our customers.