Hamad Al Humaidi:

  • This award attests to our extensive professional experience that distinguishes our company and testifies to the exceptional performance of our investment products.
  • NIC’s investment funds achieved outstanding performance and delivered an attractive cash dividend for 2021.
  • The Al Wataniya fund recorded a return of 27.77% in 2021 and 296.75% since its creation.
  • The fund distributed cash dividends of 5% on par value for 2021 amounting to KD 10 million and offered a dividend yield of 5.5% to investors.
  • Al Wataniya Fund is one of the oldest and largest conventional funds in Kuwait. It invests in selected diversified sectors and stocks listed on Boursa Kuwait.
  • Société Nationale d’Investissements continues to develop a variety of investment products and services for its clients, enabling it to maintain its position as a key provider of investment solutions.

National Investments Company, a leader in local and regional investment fund management, announced that Al Wataniya Investment Fund has won the Best Investment Product of the Year 2021 award from Global Banking and Finance. The award was given taking into account a wide range of performance-related elements, including innovation, flexible strategy and tracking local and global changes in the investment industry, as well as experience and excellence in the world of investment banking.

In a press release, NIC mentioned that the award received by Al Wataniya Investment Fund comes as a recognition of the performance achieved by the fund, the cash dividends distributed for the year 2021, in addition to other global technical standards measure stability and development progress. of the performance achieved.

Commenting on receiving the award, Mr. Hamad Al Humaidi, Executive Vice President of the MENA Sector, said: investment. It also highlights NIC’s leading position in asset management in Kuwait and the GCC, being one of the largest local and regional companies in terms of total assets under management exceeding KD 1 billion. It also reflects the success of its investment philosophy, which emphasizes capital preservation and sound investment strategies.”

Performance of the Al Wataniya investment fund

The National Investments Company is always keen to manage its funds following a robust investment policy that aims to achieve the best possible return on invested capital by investing in the shares of companies listed on Boursa Kuwait. The Al Wataniya fund generated a return of 27.77% in 2021 and a total return of 296.75% since its inception and have maintained a good ranking among large funds (+ 50 million KD) based in Kuwait.

Mr. Al Humaidi also pointed out that the fund distributed cash dividends of 5% of the nominal value, or 50 Fils for the unitholders for the financial year ended December 31, 2021, with a total value of 10 million by KD.

“Al Wataniya Investment Fund was established in 2001 and is considered one of the main funds of Boursa Kuwait, and its performance is remarkable compared to the net asset size of other funds, because it is the one of the largest funds in Kuwait with a net asset value of KD 158 million as of December 31, 2021. The fund invests in stocks of well-performing companies with profitable returns, strong management and a clear future vision, which has had a significant impact on the fund’s stable cash distribution and bonus levels.” added Al Humaidi.

Exceptional fund performance

Al Humaidi also praised the unique performance of the investment funds managed by the National Investment Company, which reflects the good approach, the prudence of the fund management team, the company’s vast experience and the track record of achievements. in the management of investment funds. He also pointed out that the company’s investment funds managed to achieve outstanding performance and distributed cash dividends for the year 2021 to registered unitholders as of March 31, 2022, with the distribution having started on April 20, 2022. .

“The National Investments Company offers a variety of services related to asset management and financial services and follows a prudent investment philosophy while offering innovative financial solutions, leveraging its position as a management company of integrated assets based on its market presence and the trust of its customers. on the one hand and pursuing innovation, excellence and competition on the other. Al Humaidi developed

Service development

Al Humaidi confirmed that NIC plans to focus on developing its investment services and products to the highest international standards of quality and excellence, while maintaining its leading position in providing tools investments that meet the needs of our clients and adapt to the market. situation, thus achieving good growth rates in line with customer expectations. Al Humaidi praised the efforts of the employees and the continuous support provided by the general management, stressing that this approach will continue in the future with the utmost precision and efficiency both at local and regional levels to maintain the progress and position of the company. ‘company.

Global Banking and Finance is one of the world’s leading platforms that relies on quantitative and objective criteria in its award rankings, as well as unparalleled depth of fund data and insights. This enshrines the privileges and unique value of this award.