Latest news with #NationalInvestmentsCompany
Zawya
5 days ago
- Business
- Zawya
National Investments Company Kuwait's Best Investment Bank for ECM for 2025
In recognition of its exceptional services and continued achievements both locally and regionally, National Investments Company (NIC) has been awarded the title of Best Investment Bank in Equity Markets – Kuwait 2025 by Euromoney, one of the world's most prominent financial publications. This prestigious accolade highlights NIC's unwavering commitment to delivering world-class financial and advisory services to its clients. Commenting on the award, Bashar Khan, Managing Director of the Investment Banking Sector at NIC, said: 'We are honored to receive this distinguished recognition for the second consecutive year. It reflects the dedication of our team and our ongoing drive to create value for our clients and shareholders through excellence in investment banking services.' Khan emphasized that NIC's Investment Banking Sector has become a key competitive player in the local market and a growing force in the regional arena. This success is attributed to the sector's diverse advisory capabilities and its active engagement in Alternative Investments across local, regional, and global markets. He noted that the sector has recently managed a wide array of investment mandates, including mergers and acquisitions, capital increases, private placements, and high-impact advisory services. These efforts are in-line with NIC's strategic focus on service diversification and positioning itself as a premier investment advisor delivering innovative, value-driven solutions. Bashar Khan noted that National Investments Company has successfully executed a number of distinguished transactions with a total value exceeding USD 2 billion. These included leading a preferred share issuance for a prominent and reputable energy company, in addition to managing multiple mergers and acquisitions, acquisition financing, and capital increases across various firms. The company also successfully oversaw several private placements and strategic advisory mandates. These accomplishments reflect NIC's ongoing strategy to diversify its service offerings and reinforce its position as a leading investment advisor in both local and regional markets. By delivering innovative solutions that promote sustainable growth and enhance value for clients and shareholders, NIC continues to demonstrate its commitment to excellence—a success made possible by the exceptional professionalism and expertise of its team. Khan concluded by stating that these accomplishments reinforce NIC's standing as a leading investment bank. They also showcase the company's ability to offer tailored, effective solutions that align with NIC's clients' long-term goals while cementing the company's role as a trusted advisory partner. It is worth noting that Euromoney bases its awards on comprehensive qualitative and quantitative assessments, including innovation, service delivery, sector impact, and feedback from industry experts. For over 50 years, Euromoney has honored institutions that make meaningful contributions to the financial services sector, setting benchmarks in quality, innovation, and client success.
Kuwait Times
5 days ago
- Business
- Kuwait Times
NIC awarded Kuwait's Best Investment Bank
KUWAIT: In recognition of its exceptional services and continued achievements both locally and regionally, National Investments Company (NIC) has been awarded the title of Best Investment Bank in Equity Markets – Kuwait 2025 by Euromoney, one of the world's most prominent financial publications. This prestigious accolade highlights NIC's unwavering commitment to delivering world-class financial and advisory services to its clients. Commenting on the award, Bashar Khan, Managing Director of the Investment Banking Sector at NIC, said: 'We are honored to receive this distinguished recognition for the second consecutive year. It reflects the dedication of our team and our ongoing drive to create value for our clients and shareholders through excellence in investment banking services.' Khan emphasized that NIC's Investment Banking Sector has become a key competitive player in the local market and a growing force in the regional arena. This success is attributed to the sector's diverse advisory capabilities and its active engagement in Alternative Investments across local, regional, and global markets. He noted that the sector has recently managed a wide array of investment mandates, including mergers and acquisitions, capital increases, private placements, and high-impact advisory services. These efforts are in-line with NIC's strategic focus on service diversification and positioning itself as a premier investment advisor delivering innovative, value-driven solutions. Bashar Khan noted that National Investments Company has successfully executed a number of distinguished transactions with a total value exceeding $2 billion. Bashar Khan These included leading a preferred share issuance for a prominent and reputable energy company, in addition to managing multiple mergers and acquisitions, acquisition financing, and capital increases across various firms. The company also successfully oversaw several private placements and strategic advisory mandates. These accomplishments reflect NIC's ongoing strategy to diversify its service offerings and reinforce its position as a leading investment advisor in both local and regional markets. By delivering innovative solutions that promote sustainable growth and enhance value for clients and shareholders, NIC continues to demonstrate its commitment to excellence—a success made possible by the exceptional professionalism and expertise of its team. Khan concluded by stating that these accomplishments reinforce NIC's standing as a leading investment bank. They also showcase the company's ability to offer tailored, effective solutions that align with NIC's clients' long-term goals while cementing the company's role as a trusted advisory partner. It is worth noting that Euromoney bases its awards on comprehensive qualitative and quantitative assessments, including innovation, service delivery, sector impact, and feedback from industry experts. For over 50 years, Euromoney has honored institutions that make meaningful contributions to the financial services sector, setting benchmarks in quality, innovation, and client success.
Kuwait Times
15-05-2025
- Business
- Kuwait Times
Khaled Al-Falah: NIC's AGM approves 22% cash dividend based on share nominal value
National Investments Company achieves distributable profits of KD 23.8 million, equivalent to 30 fils KUWAIT: National Investments Company held its Ordinary AGM for the fiscal year ended December 31, 2024, and immediately following this, the Extraordinary General Assembly Meeting was convened on Wednesday, May 14, 2025, at the company's headquarters in Al-Khaleejia Business Tower, with an attendance rate of 78.688 percent. Shareholders approved the hybrid meeting format, enabling participation both in person and online. The Ordinary AGM approved all agenda items, including the Board of Directors' recommendation to distribute cash dividends at 22 percent of the company's capital—equivalent to 22 fils per share (excluding treasury shares)—for the fiscal year ended December 31, 2024. These dividends will be distributed to shareholders registered in the company's records in accordance with applicable entitlement dates and regulatory guidelines. The shareholders at the Extraordinary AGM approved amendments to the company's objectives, adding a new activity: securities-based crowdfunding platform services. Furthermore, updates were made to the naming of certain existing activities to align with the Unified Guide for Economic Activity Classification issued by the Ministry of Commerce and Industry. NIC Chairman of the Board Khaled Waleed Al-Falah NIC Board Member and CEO Fahad Abdulrahman Al-Mukhaizim During the meeting, Chairman of the Board Khaled Waleed Al-Falah expressed pride in the company's exceptional achievements over the past year. He reaffirmed the company's commitment to reinforcing its leadership position in the financial and investment sectors, supported by a strong financial foundation and a clear strategic vision focused on delivering added value to shareholders, supporting economic growth, and enhancing the investment environment. Al-Falah emphasized that National Investments Company continues to build on its legacy of success through a purpose-driven strategy centered on innovation and the adoption of best practices in financial and investment services. He highlighted the company's focus on achieving sustainable growth and maximizing shareholder returns, while developing a comprehensive range of financial solutions that meet evolving client needs and keep pace with dynamic regional and global markets. He noted that 2024 represented a pivotal year for the company, as sustainability remained a key pillar of its long-term strategy. This approach supported strong financial results and attractive annual returns. The company achieved solid profitability metrics, including strong returns on average assets and shareholders' equity, along with a marked improvement in asset quality. It also maintained a balanced cost-to-revenue ratio, underscoring the resilience and efficiency of its business model. Al-Falah emphasized that these positive indicators demonstrate the company's ability to deliver value-added services and enhance shareholder equity through sound planning and a clear vision for sustainable growth. Reviewing the financial performance of National Investments Company for the year 2024, Al-Falah noted that the company achieved a net profit of KD 12.1 million, along with an additional profit of KD 11.7 million that was reclassified from comprehensive income to retained earnings as a result of a partial exit from an investment. This brought the distributable profits to 30 fils for the financial year ended December 31, 2024, despite the challenges and negative performance of local and global markets and economies during 2024. By the end of 2024, the company's total assets reached KD 283.6 million, while the total equity of the parent company stood at KD 197.4 million, with total revenues amounting to KD 31.3 million. Al-Falah emphasized that these results demonstrate the company's commitment to achieving sustainable performance and maximizing returns on shareholders' equity, despite the market challenges. Al-Falah noted that NIC remains focused on exploring new opportunities across local and international markets to expand its footprint and diversify its investment portfolio. The company continues to enhance its competitive advantage by leveraging innovative strategies, ongoing market analysis, and the identification of high-potential opportunities across a wide range of economic sectors. A year of positive achievements Al-Falah highlighted that National Investments Company achieved notable milestones in 2024, including being named 'Best Local Investment Bank in Kuwait for the year 2024' by one of the world's leading financial platforms, Euromoney. Additionally, the company received two prestigious awards 'Kuwait's Best for Family Office Services' and 'Kuwait's Best for Next-Gen' for 2024 by Euromoney International. He emphasized that these recognitions reflect the company's ability to provide diverse and high-quality investment services, in line with the highest standards of excellence in wealth management. These awards underscore the company's commitment to meeting client needs while advancing the investment sector. In conclusion, Al-Falah expressed his heartfelt gratitude to all of NIC's clients and shareholders for their unwavering trust in the Board of Directors. He pointed out that this trust has been a cornerstone of the company's strategic success, empowering it to achieve strong financial and operational results—despite the challenges posed by both local and global economic conditions, which have affected market performance on regional and international levels. Seizing investment opportunities Fahad Abdulrahman Al-Mukhaizim, Board Member and CEO of National Investments Company, affirmed that the company's financial results for the fiscal year ended December 31, 2024, reflect the success of its strategy in capturing high-quality investment opportunities, despite the geopolitical challenges and market disruptions that have impacted both regional and global markets. Al-Mukhaizim noted that NIC continued to expand its customer base, attracting a growing number of individual and corporate investors to invest in innovative and advanced investment products and opportunities. This contributed directly to an increase in assets under management, driven by the company's efforts to attract new investors and strengthen the confidence of existing ones. Al-Mukhaizim highlighted that the Financial Instruments Team continued to expand its footprint in the local market over the past year by securing agreements to provide market-making services. These agreements encompass companies currently listed among the Premier Market constituents, as well as others expected to join in 2025. Consequently, the number of companies benefiting from National Investments Company's Market Maker services has increased to 15, solidifying its position as one of the top three investment firms providing market-making services on Boursa Kuwait. He further emphasized the company's critical role in enhancing market liquidity and stimulating trading activity within the local financial sector. Al-Mukhaizim also commended the exceptional performance of the company's investment funds in 2024, highlighting their positive and outstanding returns despite the regional challenges, particularly the political tensions and military escalations in the Middle East. He pointed out that these results reflect the company's deep expertise and the professionalism of its investment team, which has successfully adapted to market fluctuations with efficiency and skill. Al-Mukhaizim highlighted the outstanding performance of the Alternative Investments Department in 2024, executing several successful transactions, including mezzanine financing deals in Europe. These investments enhanced the company's portfolio in the logistics and warehousing sectors, covering two projects in France and another in Germany. Furthermore, NIC invested in a UAE-based healthcare company and participated in a fund managed by Wafra International, which focuses on acquiring partner stakes in asset management firms. This aligns with the company's strategy to capture high-quality opportunities in the private equity sector. Al-Mukhaizim also expressed appreciation for the exceptional performance of NIC's Financial Advisory Services Team, commending their ability to solidify their strategic position in the field of initial public offerings (IPOs). He highlighted the team's pivotal role in managing the IPO of Baitak Investment Holding Group K.S.C.P., which marked a significant milestone in the market's history. The IPO attracted subscriptions exceeding the target value by more than 17 times, with total coverage surpassing $2.5 billion. This achievement underscores strong investor confidence and demonstrates the team's expertise in marketing and efficiently managing IPO processes. Al-Mukhaizim further noted that NIC continued to affirm its leadership in investment banking services by executing a series of transactions exceeding $2 billion in total value. These included leading a preferred share issuance for a prominent energy company, a landmark deal that reinforces NIC's track record of working with prestigious entities. Moreover, the company participated as a joint financial institution in the IPO of Lulu Group Retail Holdings (PLC) on the Abu Dhabi Securities Exchange, with a value of USD 1.7 billion. This IPO stands as one of the largest in the region, reflecting NIC's ability to execute complex, large-scale, and diverse transactions across sectors in local and global markets. Al-Mukhaizim reaffirmed the continued strong performance of the Real Estate Investments Sector at National Investments Company in 2024. The sector successfully increased rental income from the company's owned real estate assets, achieving near-full occupancy rates. This success was driven by an effective operational strategy focused on optimizing property management efficiency, alongside enhancements in the development of the company's electronic real estate system. These improvements not only boosted operational efficiency, but also enhanced the quality of services provided to various stakeholders, supporting the enhancement of the operating environment and the development of administrative systems. Al-Mukhaizim explained that the sector continued to expand its operations by adding new properties to the company's client portfolios, focusing on acquiring high-quality assets that generate stable cash flows. This not only strengthened the real estate portfolio, but also ensured sustainable returns. As part of the company's comprehensive investment vision, the sector continued its international investments across several Middle Eastern countries, with a strategic realignment aimed at achieving attractive returns, either through internal operational management or well-planned exits. This approach reflects the sector's agility in adapting to opportunities, changes, and regional challenges. In addition, Al-Mukhaizim outlined that NIC established a dedicated strategy division to develop and implement its comprehensive strategic transformation plan. This aligns with the company's ambitions for sustainable growth, enhanced governance standards, and operational transformation in the coming years, adhering to global best practices and standards. He noted that this move was part of the company's drive to achieve its ambitious goals with the support of a global consulting firm, with whom the company signed a contract to develop the mechanisms for implementing its vision and ensuring alignment with operational and investment priorities. On the note, Al-Mukhaizim explained that the Human Resources and Administrative Affairs sector at NIC focused its efforts in 2024 on achieving several milestones, most notably the completion of the second phase of the 'Shift' program. This program is dedicated to supporting and empowering newly graduated Kuwaiti women, preparing them to enter the investment job market. This was accomplished through specialized training courses aimed at developing their skills, enhancing their competencies, and strengthening their capabilities, making them well-qualified candidates for distinguished job opportunities in the private sector. Social responsibility In line with its commitment to developmental and societal roles, National Investments Company continued to implement its annual corporate social responsibility (CSR) programs in 2024 through a range of comprehensive and impactful initiatives. These initiatives reflect the company's strategy aimed at creating a positive and sustainable impact on society. In the educational sphere, the company sponsored the Marketing Management Club at the College of Business Administration, Kuwait University, supporting a series of academic activities that included specialized training courses in investment and finance for students. Additionally, the company supported workshops organized by the American Society of Mechanical Engineers (ASME), reaffirming its belief in the importance of empowering engineering talents and enhancing the technical skills of students and professionals in the industrial sector. On the humanitarian front, the company participated in supporting charitable activities by providing financial support to the Kuwait Food Bank during the holy month of Ramadan, in recognition of the vital role the organization plays in providing valuable community services as a prominent humanitarian volunteer entity. Gratitude and appreciation At the conclusion of the AGM, Chairman Khaled Waleed Al-Falah expressed his sincere thanks and appreciation to the Board of Directors, executive management, and all employees of National Investments Company. He praised their diligent and fruitful efforts, which significantly contributed to the company's positive performance, aligning with its strategic plan and strengthening its position in the financial market. Al-Falah also extended his heartfelt thanks to the Capital Markets Authority, Boursa Kuwait, the Central Bank of Kuwait, and the Ministry of Commerce and Industry, acknowledging their continuous support and substantial efforts in enhancing the investment environment and driving economic development in Kuwait. He prayed that the blessings of security, peace, stability, and prosperity continue to grace the nation.
Zawya
15-05-2025
- Business
- Zawya
Khaled Waleed Al Falah: National Investments Company's AGM approves 22% cash dividend based on share nominal value
Khaled Waleed Al Falah: The company reaffirms focus on sustainable growth, innovation, and delivering exceptional financial services and added value to clients and shareholders National Investments Company has solidified its leadership in the financial sector, driven by strong financial fundamentals The company continues to advance steadily, building on its successful track record, supported by a clear strategy focused on innovation and adopting best practices 2024 has marked a significant milestone in the company's journey, recording strong and positive profitability rates alongside an improvement in asset quality Fahad Abdulrahman AlMukhaizim: In 2024, National Investments Company's business sectors achieved significant milestones, underscoring our commitment to diversification, sustainable returns, and innovation through strategic partnerships and high-impact investments Successfully signed new Market Maker agreements, positioning the company among the top three providers on Boursa Kuwait The company delivered strong performance in 2024, reaffirming its capability to achieve impactful milestones that reflect its strategic focus on innovation, diversification, and long-term value creation National Investments Company held its Ordinary AGM for the fiscal year ended December 31, 2024, and immediately following this, the Extraordinary General Assembly Meeting was convened on Wednesday, May 14, 2025, at the company's headquarters in Al Khaleejia Business Tower, with an attendance rate of 78.688%. Shareholders approved the hybrid meeting format, enabling participation both in person and online. The Ordinary AGM approved all agenda items, including the Board of Directors' recommendation to distribute cash dividends at 22% of the company's capital—equivalent to 22 fils per share (excluding treasury shares)—for the fiscal year ended December 31, 2024. These dividends will be distributed to shareholders registered in the company's records in accordance with applicable entitlement dates and regulatory guidelines. The shareholders at the Extraordinary AGM approved amendments to the company's objectives, adding a new activity: securities-based crowdfunding platform services. Furthermore, updates were made to the naming of certain existing activities to align with the Unified Guide for Economic Activity Classification issued by the Ministry of Commerce and Industry. During the meeting, Chairman of the Board, Khaled Waleed Al Falah, expressed pride in the company's exceptional achievements over the past year. He reaffirmed the company's commitment to reinforcing its leadership position in the financial and investment sectors, supported by a strong financial foundation and a clear strategic vision focused on delivering added value to shareholders, supporting economic growth, and enhancing the investment environment. Al Falah emphasized that National Investments Company continues to build on its legacy of success through a purpose-driven strategy centered on innovation and the adoption of best practices in financial and investment services. He highlighted the company's focus on achieving sustainable growth and maximizing shareholder returns, while developing a comprehensive range of financial solutions that meet evolving client needs and keep pace with dynamic regional and global markets. He noted that 2024 represented a pivotal year for the company, as sustainability remained a key pillar of its long-term strategy. This approach supported strong financial results and attractive annual returns. The company achieved solid profitability metrics, including strong returns on average assets and shareholders' equity, along with a marked improvement in asset quality. It also maintained a balanced cost-to-revenue ratio, underscoring the resilience and efficiency of its business model. Al Falah emphasized that these positive indicators demonstrate the company's ability to deliver value-added services and enhance shareholder equity through sound planning and a clear vision for sustainable growth. Reviewing the financial performance of National Investments Company for the year 2024, Al Falah noted that the company achieved a net profit of KD 12.1 million, along with an additional profit of KD 11.7 million that was reclassified from comprehensive income to retained earnings as a result of a partial exit from an investment. This brought the distributable profits to 30 fils for the financial year ended December 31, 2024, despite the challenges and negative performance of local and global markets and economies during 2024. By the end of 2024, the company's total assets reached KD 283.6 million, while the total equity of the parent company stood at KD 197.4 million, with total revenues amounting to KD 31.3 million. Al Falah emphasized that these results demonstrate the company's commitment to achieving sustainable performance and maximizing returns on shareholders' equity, despite the market challenges. Al Falah noted that NIC remains focused on exploring new opportunities across local and international markets to expand its footprint and diversify its investment portfolio. The company continues to enhance its competitive advantage by leveraging innovative strategies, ongoing market analysis, and the identification of high-potential opportunities across a wide range of economic sectors. A Year of Positive Achievements Al Falah highlighted that National Investments Company achieved notable milestones in 2024, including being named 'Best Local Investment Bank in Kuwait for the year 2024' by one of the world's leading financial platforms, Euromoney. Additionally, the company received two prestigious awards 'Kuwait's Best for Family Office Services' and 'Kuwait's Best for Next-Gen' for 2024 by Euromoney International. He emphasized that these recognitions reflect the company's ability to provide diverse and high-quality investment services, in line with the highest standards of excellence in wealth management. These awards underscore the company's commitment to meeting client needs while advancing the investment sector. In conclusion, Al Falah expressed his heartfelt gratitude to all of NIC's clients and shareholders for their unwavering trust in the Board of Directors. He pointed out that this trust has been a cornerstone of the company's strategic success, empowering it to achieve strong financial and operational results—despite the challenges posed by both local and global economic conditions, which have affected market performance on regional and international levels. Seizing Investment Opportunities Fahad Abdulrahman AlMukhizim, Board Member and CEO of National Investments Company, affirmed that the company's financial results for the fiscal year ended December 31, 2024, reflect the success of its strategy in capturing high-quality investment opportunities, despite the geopolitical challenges and market disruptions that have impacted both regional and global markets. AlMukhizim noted that NIC continued to expand its customer base, attracting a growing number of individual and corporate investors to invest in innovative and advanced investment products and opportunities. This contributed directly to an increase in assets under management, driven by the company's efforts to attract new investors and strengthen the confidence of existing ones. AlMukhaizim highlighted that the Financial Instruments Team continued to expand its footprint in the local market over the past year by securing agreements to provide market-making services. These agreements encompass companies currently listed among the Premier Market constituents, as well as others expected to join in 2025. Consequently, the number of companies benefiting from National Investments Company's Market Maker services has increased to 15, solidifying its position as one of the top three investment firms providing market-making services on Boursa Kuwait. He further emphasized the company's critical role in enhancing market liquidity and stimulating trading activity within the local financial sector. AlMukhaizim also commended the exceptional performance of the company's investment funds in 2024, highlighting their positive and outstanding returns despite the regional challenges, particularly the political tensions and military escalations in the Middle East. He pointed out that these results reflect the company's deep expertise and the professionalism of its investment team, which has successfully adapted to market fluctuations with efficiency and skill. AlMukhaizim highlighted the outstanding performance of the Alternative Investments Department in 2024, executing several successful transactions, including mezzanine financing deals in Europe. These investments enhanced the company's portfolio in the logistics and warehousing sectors, covering two projects in France and another in Germany. Furthermore, NIC invested in a UAE-based healthcare company and participated in a fund managed by Wafra International, which focuses on acquiring partner stakes in asset management firms. This aligns with the company's strategy to capture high-quality opportunities in the private equity sector. AlMukhaizim also expressed appreciation for the exceptional performance of NIC's Financial Advisory Services Team, commending their ability to solidify their strategic position in the field of initial public offerings (IPOs). He highlighted the team's pivotal role in managing the IPO of Baitak Investment Holding Group K.S.C.P., which marked a significant milestone in the market's history. The IPO attracted subscriptions exceeding the target value by more than 17 times, with total coverage surpassing USD 2.5 billion. This achievement underscores strong investor confidence and demonstrates the team's expertise in marketing and efficiently managing IPO processes. AlMukhaizim further noted that NIC continued to affirm its leadership in investment banking services by executing a series of transactions exceeding USD 2 billion in total value. These included leading a preferred share issuance for a prominent energy company, a landmark deal that reinforces NIC's track record of working with prestigious entities. Moreover, the company participated as a joint financial institution in the IPO of Lulu Group Retail Holdings (PLC) on the Abu Dhabi Securities Exchange, with a value of USD 1.7 billion. This IPO stands as one of the largest in the region, reflecting NIC's ability to execute complex, large-scale, and diverse transactions across sectors in local and global markets. Al-Mukhaizim reaffirmed the continued strong performance of the Real Estate Investments Sector at National Investments Company in 2024. The sector successfully increased rental income from the company's owned real estate assets, achieving near-full occupancy rates. This success was driven by an effective operational strategy focused on optimizing property management efficiency, alongside enhancements in the development of the company's electronic real estate system. These improvements not only boosted operational efficiency, but also enhanced the quality of services provided to various stakeholders, supporting the enhancement of the operating environment and the development of administrative systems. AlMukhaizim explained that the sector continued to expand its operations by adding new properties to the company's client portfolios, focusing on acquiring high-quality assets that generate stable cash flows. This not only strengthened the real estate portfolio, but also ensured sustainable returns. As part of the company's comprehensive investment vision, the sector continued its international investments across several Middle Eastern countries, with a strategic realignment aimed at achieving attractive returns, either through internal operational management or well-planned exits. This approach reflects the sector's agility in adapting to opportunities, changes, and regional challenges. In addition, AlMukhaizim outlined that NIC established a dedicated strategy division to develop and implement its comprehensive strategic transformation plan. This aligns with the company's ambitions for sustainable growth, enhanced governance standards, and operational transformation in the coming years, adhering to global best practices and standards. He noted that this move was part of the company's drive to achieve its ambitious goals with the support of a global consulting firm, with whom the company signed a contract to develop the mechanisms for implementing its vision and ensuring alignment with operational and investment priorities. On the note, AlMukhaizim explained that the Human Resources and Administrative Affairs sector at NIC focused its efforts in 2024 on achieving several milestones, most notably the completion of the second phase of the 'Shift' program. This program is dedicated to supporting and empowering newly graduated Kuwaiti women, preparing them to enter the investment job market. This was accomplished through specialized training courses aimed at developing their skills, enhancing their competencies, and strengthening their capabilities, making them well-qualified candidates for distinguished job opportunities in the private sector. Social Responsibility In line with its commitment to developmental and societal roles, National Investments Company continued to implement its annual corporate social responsibility (CSR) programs in 2024 through a range of comprehensive and impactful initiatives. These initiatives reflect the company's strategy aimed at creating a positive and sustainable impact on society. In the educational sphere, the company sponsored the Marketing Management Club at the College of Business Administration, Kuwait University, supporting a series of academic activities that included specialized training courses in investment and finance for students. Additionally, the company supported workshops organized by the American Society of Mechanical Engineers (ASME), reaffirming its belief in the importance of empowering engineering talents and enhancing the technical skills of students and professionals in the industrial sector. On the humanitarian front, the company participated in supporting charitable activities by providing financial support to the Kuwait Food Bank during the holy month of Ramadan, in recognition of the vital role the organization plays in providing valuable community services as a prominent humanitarian volunteer entity. Gratitude and Appreciation At the conclusion of the AGM, Chairman Khaled Waleed Al Falah expressed his sincere thanks and appreciation to the Board of Directors, executive management, and all employees of National Investments Company. He praised their diligent and fruitful efforts, which significantly contributed to the company's positive performance, aligning with its strategic plan and strengthening its position in the financial market. Al Falah also extended his heartfelt thanks to the Capital Markets Authority, Boursa Kuwait, the Central Bank of Kuwait, and the Ministry of Commerce and Industry, acknowledging their continuous support and substantial efforts in enhancing the investment environment and driving economic development in Kuwait. He prayed that the blessings of security, peace, stability, and prosperity continue to grace the nation.
Kuwait Times
07-05-2025
- Business
- Kuwait Times
National Investments Company kicks off 2025 with strong financial results
National Investments Company kicks off 2025 with strong financial results Khaled Al-Falah: Company achieves a KD 6 million net profit, 7.5 fils in EPS for Q1 KUWAIT: The Board of Directors of National Investments Company (NIC) has approved the consolidated financial statements for the first quarter ending March 31, 2025, reflecting robust financial performance and underscoring the company's strong financial position. These results further confirm the continued success of its well-considered investment strategy and its ability to generate sustainable growth in profits and returns. The company reported a net profit of KD 6 million, or 7.5 fils per share, for the first quarter of the current year, representing a 46.3 percent increase compared to the same period in 2024, when the company posted a net profit of KD 4.1 million, or 5.1 fils per share. In a press statement, NIC announced that the total shareholders' equity of the parent company grew by 8.5 percent, reaching KD 214.1 million by the end of Q1 2025, up from KD 197.4 million at the close of 2024. The company also reported a 9.5 percent increase in total assets, which rose to KD 310.5 million by the end of March 2025, compared to KD 283.6 million at the end of the previous year. Additionally, the company highlighted significant growth in its total assets under management (AUM), which reached KD 1.126 billion by the end of Q1 2025, reflecting a 5.0 percent increase compared to KD 1.077 billion at the end of 2024. This sustained growth in AUM underscores the strength of the company's client base, investor confidence, and its ability to provide comprehensive investment solutions and effective asset management strategies, reinforcing its position as one of the leading players in the local and regional investment sector. NIC Board Member and CEO Fahad Al-Mukhaizim NIC Chairman Khaled Waleed Al-Falah A powerful start In this regard, Khaled Waleed Al-Falah, Chairman of the Board at National Investments Company (NIC), highlighted that the results for the first quarter of the 2025 fiscal year mark a powerful start, reflecting the continued positive momentum from 2024. He emphasized that the company's strategic focus on strengthening key business sectors, along with improving operational efficiency, has directly contributed to solidifying its leadership position in the market and enhancing its competitiveness in a dynamic investment environment. He further stated that these results demonstrate NIC's unwavering commitment to delivering exceptional investment services, with a focus on maximizing asset value and achieving optimal returns for shareholders. Al-Falah also underscored that institutional collaboration and sustainable innovation are key pillars of the company's ongoing success and growth. These factors, he noted, are clear indicators of investor confidence in the company's expertise and capabilities, reinforcing its role as a major driver of growth within Kuwait's financial and investment sectors. Al-Falah concluded by noting that NIC continues to reap the benefits of its strategic investments made over the past years, which have significantly contributed to diversifying and strengthening its investment portfolio, thereby improving its overall financial performance. An ambitious strategy Khaled Waleed Al-Falah, Chairman of the Board at National Investments Company (NIC), confirmed that the company is progressing with the implementation of its ambitious investment strategy, which has consistently delivered positive results. He emphasized that NIC remains focused on establishing strong foundations for corporate sustainability by adhering to the highest standards of corporate governance and transparency. Additionally, the company continues to enhance its risk management systems to protect shareholder rights and improve its resilience in the face of market fluctuations. Al-Falah also highlighted NIC's commitment to boosting operational efficiency and internal performance, while maintaining a balance between sustainable growth and full compliance with regulatory requirements. These efforts are essential in supporting the company's strong position in the financial market. He further noted that NIC boasts a robust capital base, which serves as a critical foundation for executing its expansion plans and positioning the company to seize promising investment opportunities both locally and regionally. This, he said, will contribute to generating long-term value for shareholders. In addition, Al-Falah pointed out that NIC embodies its commitment to social responsibility through active participation in various humanitarian, social, and charitable initiatives. The company's ongoing support for charitable organizations has helped reinforce its role as a leader in promoting the impact of community engagement and corporate responsibility. In closing, Khaled Waleed Al-Falah expressed his pride in the unwavering support from the Board of Directors across all company sectors. He commended the professionalism of the executive management and recognized the tireless efforts of all NIC employees, whose dedication has been instrumental in achieving the company's positive results and ambitious objectives. Notable excellence In this regard, Fahad Abdulrahman Al-Mukhaizim, Board Member and CEO of National Investments Company (NIC), commended the company's performance during the first quarter of 2025, which was characterized by notable excellence and exceptional activity across various investment sectors. This remarkable performance included a range of advisory services, particularly the evaluation of an energy asset portfolio in Southeast Asia for a company listed on the Kuwait Stock Exchange. Additionally, the company conducted evaluations of several real estate investments in the Middle East for a Kuwaiti joint-stock company and assessed a regional real estate company on behalf of another listed entity. Al-Mukhaizim noted that NIC's Financial Advisory Services Division continues to expand its operations by executing a distinguished array of value-added investment deals. These include capital raising efforts, carefully structured initial public offerings (IPOs), and strategic mergers and acquisitions in vital sectors such as consumer goods, education, and real estate. This approach is in line with the company's strategy to diversify its service portfolio and strengthen its position as a leading investment advisor in both local and regional markets. NIC's mission is to offer innovative solutions that foster sustainable growth while enhancing returns for its clients and shareholders. Furthermore, Al-Mukhaizim highlighted that the Alternative Investments Division successfully completed two new mezzanine investments—one in the logistics and storage sector in Germany and another in the residential sector in New Jersey, USA. These investments further solidify the company's presence in the global mezzanine investment market. The division is also building a strong foundation of credit opportunities that are currently undergoing rigorous analysis. He added that ongoing projects continue to perform well despite the challenges posed by market conditions. Additionally, the division is collaborating with subsidiary companies to restructure certain operations and enhance their overall efficiency. In regard to the Asset Management sector, Fahad Abdulrahman Al-Mukhaizim, CEO of National Investments Company (NIC), commended the robust performance of the company's local investment funds. He highlighted that these funds successfully capitalized on the positive momentum of Boursa Kuwait during the first quarter of 2025, despite the challenges posed by global trade tensions, market volatility, and the significant drop in oil prices. He noted that this performance is a testament to the skill and adaptability of NIC's asset management team, which has proven its ability to swiftly respond to market fluctuations and deliver optimal returns for investors. Al-Mukhaizim further emphasized that the company's financial instruments team recently achieved a key milestone with the inclusion of new companies in the Market Maker service. This expansion highlights NIC's crucial role in enhancing market liquidity and efficiency, cementing its status as a top-tier service provider at Boursa Kuwait. This initiative plays a vital part in the overall development of the investment landscape, boosting investor confidence and strengthening NIC's reputation as a strategic partner in the growth of the Kuwaiti financial market. Al-Mukhaizim also reviewed the performance of the Wealth Management sector during the first quarter of 2025, noting that the division continued to deliver comprehensive solutions and tailored investment strategies designed to meet the needs of a broad base of clients. This comes in light of rapid developments in both global and regional markets, aligned with the evolving economic landscape. He emphasized that these efforts have significantly strengthened client trust and achievements were further underscored by National Investments Company being awarded the 'Best in Generational Wealth Transfer Planning – Kuwait 2025' by the prestigious global financial publication Euromoney. This recognition reaffirms NIC's leadership and excellence among the region's top investment firms. Notably, this marks the third consecutive year the company has received this award, underscoring its consistent performance and trusted position in the wealth management sector. Al-Mukhaizim highlighted the continued success of the Real Estate Investments sector in Q1 2025, noting that the properties managed by NIC maintained high occupancy rates, further demonstrating the effectiveness of the company's real estate asset management strategies. He added that NIC recently launched an advanced electronic real estate platform, enabling tenants to easily manage all aspects of their rental experience, from submitting maintenance requests to making electronic payments. The system also allows property owners to track their assets and financial performance in real-time. Al-Mukhaizim concluded by mentioning that the sector is actively working on development plans for several properties, aimed at increasing their market value and upgrading their facilities to meet evolving market demands. Future business development As part of its forward-looking vision for sustainable growth, Al-Mukhaizim, CEO of National Investments Company (NIC), announced the launch of the company's revamped corporate strategy, developed in partnership with a leading global management consulting firm. This comprehensive strategy is centered on driving long-term value creation through sustainable growth, reinforcing institutional governance, and accelerating operational transformation. By aligning with internationally recognized best practices, NIC is positioning itself to proactively navigate evolving market dynamics and fulfill its strategic ambitions for the future. Al-Mukhaizim explained that the strategic evaluation has led to the identification of four key goals that will form the foundation of NIC's updated strategy and guide its next phase. These objectives include: pursuing mergers, acquisitions, and strategic partnerships to broaden the company's business scope and diversify its product offerings; creating a targeted investment portfolio that aligns with client needs and expectations; developing an expanding regional distribution network to provide seamless access to global investment opportunities; and implementing an operational model that leverages flexibility and advanced technology to ensure operational excellence and accelerate execution. He emphasized that NIC's Strategy Division is fully committed to staying ahead of the curve, continuously integrating global best practices in planning and execution. This reflects the company's ambition to reinforce its position as a leading investment institution that embraces innovation and sustainable growth at its core. In conclusion, Al-Mukhaizim reaffirmed NIC's unwavering commitment to excellence and continuous development throughout 2025. He highlighted the company's focus on achieving accelerated sustainable growth, enhancing its digital infrastructure to keep pace with market trends, and fulfilling the expectations of clients and shareholders. He also reiterated NIC's role in supporting the country's economic development through comprehensive investment solutions that reflect its expertise, reputation, and leadership in the market.
