The subscription period for National Bank of Kuwait's proposed capital increase will commence on Wednesday 18 May, the bank said in a bourse statement. The rights issue will be worth c.KWD137.6mn (USD473.2mn), according to Reuters calculations. The subscription period will close on 16 June, the bourse statement added. In March 2016, the bank said the board of directors had agreed to raise the bank's capital by 6.5% through a rights issue involving issuing 343.96 million shares at KWD0.4 per share. The capital hike got approval from the Kuwaiti Capital Markets Authority last month. (Reuters, Company disclosure)   National Bank of Kuwait: KWD0.66 as of 15 May 2016, Rating: Buy, FV: KWD0.82 per share, MCap: USD12,043 million, NBK KK / NBKK.KW