Established in 1952, the NBK Group operates 144 branches across 13 countries. In October 2024, NBK signed four strategic agreements valued at $1.6 billion during the Future Investment Initiative in Saudi Arabia, including a $690 million Framework Agreement with ACWA Power. In December 2024, NBK acquired a 51% stake in UPayments, a Kuwait-based payment services provider and e-commerce enablement platform. The group achieved a record net profit attributed to the bank's shareholders of $1.9 billion in 2024, marking its highest-ever annual performance.