Latest news with #KhaledWaleedAlFalah
Zawya
24-06-2025
- Business
- Zawya
National Investments Company expands regionally with first office at DIFC to serve a wider client base
Khaled Waleed Al Falah: NIC has succeeded in earning market trust by consistently achieving success since its establishment The new office will enable us to extend our comprehensive services to a wider base of clients both within and beyond the region We aim to deliver added value through a professional team with deep expertise and broad knowledge of financial markets Fahad Abdulrahman AlMukhaizim: Positioning ourselves in the heart of the regional financial ecosystem enhances the outreach of our strategic services to neighboring and emerging markets This step reinforces our competitive edge and broadens our client base through innovative investment solutions tailored to meet evolving market needs It marks a key milestone in NIC's expansion strategy to bridge regional markets with global investment opportunities As part of its ambitious expansion strategy and to strengthen its presence in leading global financial hubs, National Investments Company (NIC) has announced the launch of its first regional office in the United Arab Emirates, specifically at the Dubai International Financial Centre (DIFC). This step supports NIC's vision to cement its position as a leading provider of integrated investment services across the region and comes after securing official approvals from the Dubai Financial Services Authority. DIFC is recognized as a prominent global financial platform, offering its services across the Middle East, Africa, and South Asia. This strategic location provides NIC with a valuable base for expanding into new markets, delivering innovative financial solutions that meet the needs of a broad range of local and international clients, and reinforcing its leading position in the regional investment management sector. International Financial Presence On this occasion, Mr. Khaled Waleed Al Falah, Chairman of National Investments Company, stated that the opening of the company's first regional office in DIFC represents a pivotal milestone in NIC's regional expansion strategy. He emphasized that the move reflects the company's comprehensive investment vision, aimed at expanding operations and strengthening its global presence through the delivery of high-quality, efficient, and innovative services. Al Falah emphasized that establishing a presence in DIFC, one of the region's most prominent financial hubs, will allow NIC to serve a wider client base from both within and beyond the region. He added that the company will leverage DIFC's trusted and competitive investment environment to offer a comprehensive suite of innovative financial solutions. He further noted that this expansion demonstrates the strong position NIC has achieved both locally and regionally, building on its long-standing track record of accomplishments, commitment to governance and transparency, and ability to adapt to market developments while offering flexible solutions that meet clients' diverse expectations. Al Falah concluded by stating that this expansion will further solidify NIC's role as a regional investment powerhouse with international reach, delivering real added value through a highly experienced team with deep financial market expertise. He reaffirmed the company's continued commitment to delivering world-class services that position NIC as a trusted investment partner across Kuwait and the wider region. Strategic Expansion Mr. Fahad Abdulrahman AlMukhaizim, Board Member and CEO of National Investments Company, expressed his pride in launching the company's subsidiary at DIFC. He noted that this milestone reflects NIC's commitment to providing financial and investment services that adhere to the highest standards of quality and excellence. The expansion into Dubai, he added, positions the company within one of the region's most advanced financial ecosystems, enhancing its ability to support regional and international operations efficiently. AlMukhaizim explained that operating at DIFC offers NIC a strategic advantage by granting access to diverse markets across the Middle East, Africa, and South Asia. It also strengthens the company's ability to build strong relationships with regional and international financial institutions, helping bridge regional markets with global investment opportunities through a new platform offering a wide range of investment solutions. He emphasized that this move is not merely a geographic expansion but a launchpad for a new phase of institutional growth. NIC aims to entrench its presence in financial decision-making centers and provide financial solutions that are responsive to market changes and aligned with client expectations for performance and diversity. The company's five-year strategic plan focuses on four main objectives, with regional expansion and client acquisition at the forefront. AlMukhaizim concluded by affirming that the coming phase will see a series of well-planned expansion steps aimed at enhancing the company's competitiveness in the investment landscape. He emphasized that NIC will remain focused on meeting current client needs while expanding its target base through innovation and the delivery of flexible, high-value investment services—building sustainable relationships based on trust, professionalism, and tangible results.
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.
Zawya
19-03-2025
- Business
- Zawya
NIC achieves distributable profits of KWD 23.8mln equivalent to 30 Kuwaiti fils
Khaled Waleed Al Falah: NIC maintained its growth momentum, achieving excessive financial profits during 2024. This was based on solid foundations supported by flexible strategic diversification, seizing promising opportunities, and reducing risks. The company is keen on seizing the best and most sustainable investment opportunities while maintaining its clients' and shareholders' endeavors and interests. It provides diversified and innovative investment products according to their requirements to achieve their investment goals. Fahad Abdulrahman AlMukhaizim: NIC continued expanding its client base, attracting more local and international investors and opening several investment portfolios. We have successfully signed five new Market-Making agreements, bringing the total number of companies to 14, to be one of the largest and most active Market-Makers in the local market The Board of Directors of National Investments Company approved the Company's consolidated financial statements for the financial year ending 31 December 2024. The results demonstrate NIC's outstanding financial and operational performance, recording exceptional growth, thanks to its successful strategic vision and diversification to provide sustainable returns and maximize shareholder value. The company achieved a net profit of KD12.1 million and other profits of KD11.7 million that were reclassified from comprehensive income to retained earnings due to a partial exit from one of its investments. The distributable profit becomes equivalent to 30 fils during the financial year ending 31 December 2024, despite the challenges and negative performance of the local and global markets and economy in general during 2024. Solid Financial Performance Mr. Khaled Waleed Al Falah, Chairman of the Board of Directors of NIC, said that 2024 was a year full of outstanding achievements, which was reflected in our ability to achieve our strategic goals, considering the challenges of the economic scene. The company maintained the growth momentum, achieving financial profits during the fiscal year 2024, based on solid foundations supported by flexible strategic diversification while seizing promising opportunities and reducing risks, in line with the wise strategy and flexibility to adapt to the changing environment conditions, which in turn proved its strength in addressing local and global economic challenges, achieving competitive advantage and success in the diversified business mix and ensuring long-term stability. Al Falah has pointed out that during 2024, the total trading values of Boursa Kuwait increased by 42.7% to KD14.8 billion compared to KD10.4 billion for 2023. The value of trading shares of the Premier Market amounting to KD9.8 billion accounted for 65.9% of the total trading values of the stock exchange. In comparison, the trading values of the Main Market shares constituted about 34.1% of the total trading values of the stock exchange, compared to 20.8% for the year 2023. It is worth noting that the performance of the Main Market Index for 2024 outperformed all the General Market Index and the Premier Market Index for the fifth time since 2016. Al Falah also highlighted that despite the regional and international geopolitical tensions, which have negatively affected the economic situation, the company has been able to reap the fruits of its strategic diversification approach in its products and services, supported by a solid financial base, high asset quality, and prudent risk management. He also confirmed that NIC adopts the highest standards of sustainability while following the best environmental, social, and corporate governance practices while being very keen to seize the best and most sustainable opportunities and to be the best source in preserving the endeavors and interests of the company's customers and shareholders and providing diversified and innovative investment products according to their requirements to achieve their investment goals. Performance Indicators Al Falah reviewed the most prominent financial indicators of the National Investments Company during the past year. He said that the company's total assets amounted to KD284 million by the end of 2024, while the total shareholders' equity of the parent company reached KD197.5 million. Despite the escalation of global geopolitical tensions and the fears of the continuation of the tight monetary policy by the US Federal Reserve due to the inflation data from time to time, which had negative repercussions on some GCC markets, the company succeeded in achieving annual profits and remarkable growth in all fundamental financial indicators, noting that favorable rates were achieved concerning profitability indicators and return on both average assets and average shareholders' equity. Improving asset quality indicators and successfully maintaining reasonable cost and revenue ratios simultaneously. Boursa Kuwait recorded a positive performance of 8% growth, Dubai by 27.1%, Saudi Arabia by 0.6%, Oman by 1.4%, Qatar Stock Exchange by -2.4%, and Abu Dhabi by -1.7%. Asset quality and success in maintaining reasonable cost and revenue ratios simultaneously, as it achieved in 2024 a net financial profit of KD 12.1 million compared to earnings of KD 4.1million for the comparative period ended 31 December 2023. The company also achieved another profit of KD 11.7 million, equivalent to 15 fils that were reclassified from comprehensive income to retained earnings. Regarding distributions, NIC's Board of Directors has decided to recommend the distribution of cash dividends at the rate of 22% of the nominal value of the share, i.e., by 22 fils per share for the financial year that ended in 2024, which confirms the solidity and strength of NIC's financial position. This recommendation is subject to the approval of the company's Annual General Meeting for shareholders registered in the company's records on the date of the general assembly meeting. A Year Full of Achievements Emphasizing the company's position among regional investment companies and the culmination of its tireless efforts, Al Falah pointed out that the company was awarded the 'Best Local Investment Bank in Kuwait for the year 2024' by one of the world's leading financial platforms, Euromoney, which it made to improve the management of its investments and develop its services to keep pace with developments in the local and regional market. The company also added to its successive success by receiving two new international awards, within the framework of serving its high-net-worth customers, namely the 'Kuwait's Best for Family Office Services' and "Kuwait's Best for Next-Gen' for 2024 by Euromoney International, which is considered one of the most important awards at the level of the financial sector regionally, a prestigious and pioneering achievement that enhances the company's position and leadership at the regional level. To conclude, Al Falah stressed the strength of the main operational elements that motivate the company's performance and distinguish the ingenuity of its business, as it is a close basis on which to base the growth plans during the current year, pointing to the full support of the Board of Directors for the company's sectors, and also praising the efforts of the Executive Management, which is characterized by high professionalism, appreciating its efforts to achieve good and desired results that would not have been achieved without the sincere efforts of management and all employees. Successful Deals and Positive Results Mr. Fahad Abdulrahman Al-Mukhaizim, Board Member and CEO of The National Investments Company confirmed that the company achieved key milestones through the Wealth Management sector during the last quarter of 2024. The company continued expanding its client base, attracting more local and international investors and opening several investment portfolios. The team has also provided various investment tools for capital placement and innovative and diversified investment products with calculated risks, considering the challenges faced by the financial markets. One of the most critical opportunities was the IPO of Lulu Retail Holding in UAE. This leading company is the largest and fastest-growing comprehensive retail chain in the GCC, with a value of US$1.72 billion on the Abu Dhabi Securities Exchange (ADX). This is another significant addition to the company's track record of success in recent years. It has strengthened its position in providing services ranging from asset management to capital markets and investment banking and advisory services. On the other hand, Al-Mukhaizim said that the Financial Advisory Services Department has recorded an outstanding performance in the fourth quarter of 2024. This includes participating in the most extensive IPO of the year in Abu Dhabi for Lulu Retail Holding on the Abu Dhabi Securities Exchange. The management has achieved a significant milestone in completing the merger of Arkan Properties with Al Oula Real Estate Investment Company, with a value of USD120 million. Additionally, the company has concluded its role as a financial advisor for a partial exit from a minority stake in a listed company in the Kuwaiti market and as a sales advisor to another wholly listed and owned hospitality company in Kuwait. It has also completed the valuation of an investment portfolio in the Southeast Asia region for a listed company in Kuwait. The Financial Advisory Department has a strong portfolio of investment deals, including capital offerings, initial offerings, and mergers and acquisitions. Al Mukhaizim has also highlighted the success of the Alternative Investments Division in completing the mezzanine investment in France, strengthening its position in the mezzanine finance sector. This investment, sponsored by Scannell Properties, focuses on the logistics and warehousing sector. The Alternative Investments division also has many future credit deals that are carefully analyzed. Moreover, existing projects are performing well despite the challenges facing the market. In addition, the Alternative Investments division continues to work with subsidiaries to restructure the business and enhance operational efficiency. The Alternative Investments division collaborates with its subsidiaries to improve business structures and enhance operational efficiency. He described the performance of some investment equity funds as 'strong' despite the volatility of the Kuwaiti market in 2024 due to the geopolitical and military conditions in the region. These conditions created uncertainty in investment decision-making, but some of our investment funds achieved positive performance during 2024. Al Mukhaizim also praised the Financial Instruments Team's ongoing achievements, which contributed to strengthening the company's role as one of the largest Market Maker service providers in Boursa Kuwait, as we succeeded in signing five new agreements, bringing the total number of companies to which we provide this service to 14. 'Our team maintained the required trading rates to ensure that companies remain in the Premier Market constituents, in addition to contributing effectively to the qualification of a company from the Main Market to the Premier Market,' added Al Mukhaizim. Such achievements reflect our continued commitment to enhancing market efficiency and providing liquidity, which reinforces our company's position as a strategic partner in the development of the trading environment at Boursa Kuwait. He said that NIC can face difficulties, meet challenges, and move forward to achieve more positive and distinguished achievements based on its Prudential Financial policy and its team's wise and highly professional management. Thanks to its prudent strategy and the expertise of the company's distinguished team, NIC can face difficulties, meet challenges, and move forward to achieve more positive and prominent achievements. The Real Estate Investment Sector maintained high occupancy rates in the company's properties and properties it is managing while succeeding in increasing the volume of managed properties, as the number of real estate portfolios increased during the fourth quarter by receiving two real estate portfolios to be managed in the first and second quarters of this year. In addition to several properties managed by the sector, the industry also introduced the electronic real estate system to enable tenants to follow up on all matters related to their units, such as maintenance requests and electronic payment, as well as the follow-up of property owners to their assets and financial flows and move forward in the development plans to develop some properties to preserve the value of assets and develop their facilities. NIC highlighted its leading role in social responsibility, as it sponsored the Marketing Management Club at the College of Administrative Sciences at Kuwait University by supporting a few educational and academic activities and events, which aim to support the college's students through educational initiatives that include providing specialized training courses for investment and developing their expertise in the field of investment and financial work. National Investments supported the American Society of Mechanical Engineers, which included educational workshops for all engineers, students, and industry professionals ahead of the 2025 mega event to promote the scientific and professional development of the community. The company has also provided financial support to the Kuwait Food and Relief Bank during the holy month of Ramadan. This voluntary humanitarian association has unmistakable fingerprints and plays a significant and leading role in community service initiatives. Positive Work Environment The company also continued to support its human resources and provide diverse ideas and outputs based on creativity and innovation, as the company succeeded for the second year in a row in dealing with Kuwaiti women to qualify them to enter the investment labor market through the "Shift" program, and provided the necessary training courses to develop the skills, competencies, and capabilities of Kuwaiti women, making them worthy candidates for distinguished career opportunities in the private sector. As part of the company's efforts to support human, professional, and administrative development and attract the best competencies of national cadres, NIC, for the second consecutive year, concluded its active participation in Watheefti, the largest career fair in Kuwait. Through its participation, NIC presented the job opportunities available within the company for those who are qualified to work in the private sector, achieve the vision of (New Kuwait 2035), support national cadres, and work to build and improve young candidates and maintain their self-confidence, by opening doors of employment in various fields in within the private sector, based on their specializations and tendencies. Al Mukhaizim concluded by highlighting the company's key successes during the year 2025. The company focuses on further advancement and growth, continuing to develop digital capabilities, contributing fruitfully and effectively to promoting all economic development paths, and providing the best services to meet the needs of the company's customers and shareholders. He also thanked the Board of Directors and all the company's employees for their efforts and contributions to achieving its objectives within the framework of implementing its plans and strategic policy. He thanked all customers and shareholders for their precious confidence in the company and wished everyone continued cooperation and success.
