• We take pride in our role as a key partner in financing strategic projects and important acquisitions for Kuwait Petroleum International.
• We have a strong and sustainable partnership with Kuwait Petroleum International Group that supports its projects and achievements.

In an achievement that reflects the global presence of Kuwaiti brands and strengthens their footprint in the local market, the National Bank of Kuwait congratulated Kuwait Petroleum International (Q8) on the launch of its brand in the State of Kuwait, as a prelude to a gradual expansion plan in the coming period .

The bank affirmed that this step represents an important historical milestone, as the Q8 brand returns to Kuwait after more than four decades of successfully representing the country in global markets, reflecting the accumulated expertise and strategic vision of the company in developing the fuel sector and providing a modern and integrated experience within Kuwait .

This achievement is the culmination of a long history of successes achieved by Kuwait Petroleum International, and it embodies its commitment to transferring global best practices to the local market, which contributes to improving the quality of services and enhancing competitiveness in the energy sector .

In this context, the National Bank of Kuwait stressed its pride in its long-standing strategic relationship with the Kuwait Petroleum Corporation and Kuwait Petroleum International, as the group’s main bank, affirming that this partnership represents a model of fruitful cooperation between the banking and energy sectors in supporting vital and developmental projects .

The bank noted that the relationship with Kuwait Petroleum International extends over many years of fruitful cooperation in implementing and financing a number of major projects, most notably participation in strategic joint projects such as the Duqm Refinery project in the Sultanate of Oman, and the Clean Fuels Project at the Al-Zour Refinery in Kuwait, where the bank played a pivotal role in supporting these projects that contribute to enhancing Kuwait’s position on the global energy map .

The National Bank of Kuwait also contributed to financing a number of important acquisitions carried out by the company, including the “Shine” project to acquire Shell fuel stations in 2014, in addition to the acquisition of a stake in the Italian company Ecofox , which specializes in the manufacture of organic fuels, in 2024, which reflects the great confidence in the bank’s financing capabilities and its extensive experience in supporting international expansions .

In terms of banking services, the bank acted as the lead arranger for a number of syndicated loans, as well as managing the accounts of several subsidiaries and affiliates of Kuwait Petroleum International, reflecting the depth of integration between the two sides .

The National Bank of Kuwait affirmed that this strategic partnership is based on solid foundations of mutual trust and a shared vision, which has enabled both parties to achieve tangible successes over the years, noting its aspiration to continue this cooperation and support the company’s future expansion and growth plans, both locally and internationally .

The bank also expressed its pride in keeping pace with this new phase in the journey of Kuwait Petroleum International, stressing its continued commitment to supporting initiatives that enhance the national economy and highlight Kuwait’s position as a leading center in the global energy sector .

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