Assets Under Management AUM

NIC wins ‘Fastest Growing Investment Company Award’ in Kuwait for 2021

Recognition by International Finance is the culmination of NIC’s exceptional performance

Fahad Al-Mukhaizim

KUWAIT: National Investments Company (NIC) won the “Fastest Growing Investment Company Award” in Kuwait for the year 2021 of the International Finance Awards. This award was the culmination of the remarkable efforts and outstanding performance of the company.

It should be noted that the UK-based International Finance Awards is one of the leading international specialist magazines. The selection for the award was based on a wide range of investment criteria defined by financial and business experts, the most important of which are the number and size of transactions, the investment services and advice provided, and the efforts to face the market, in addition to cutting-edge innovation and outstanding performance locally and internationally.

“Obtaining this prestigious award confirms the company’s flagship position in the local market, its continued success and its careful management. It also reflects the great efforts of the team whose members benefit from a long experience, many achievements and a working professionalism in accordance with a strategic policy based on precise technical standards to seize the investment opportunities that follow. the aspirations and goals of clients. . The company is advancing by winning global and regional awards in recognition of its growth and development over the past few years, ”NIC said in a press release.

Managing Director Fahad Al-Mukhaizim pointed out that this international award from a reputable and reliable global institution is another testament to NIC’s leading position in local and regional markets, professional team and performance exceptional and extraordinary in providing high quality, advanced and innovative investment services and products, adapted to market conditions and challenges.

Al-Mukhaizim added that the NIC has managed to win numerous awards and certificates in recognition of its achievements in recent years, which have seen an expansion of its business and activities despite the global, regional and local difficulties of the economy due to the repercussions of the pandemic, indicating that the prudent and balanced policy of the NIC has been recognized by international and regional institutions.

Products and services
Al-Mukhaizim highlighted the recently launched products and services, indicating that NIC has launched the electronic portal service for customers through the company’s website. This is part of the company’s digital transformation efforts. He added that the new electronic portal service “Customer Portal” will allow customers to access all services and products in the simplest way, saving time and increasing the level of automation, all by achieving the strategic objectives of the company by providing high quality services.

Al-Mukhaizim revealed that NIC is rolling out the NICTRADE digital platform for trading in Boursa Kuwait, GCC and US markets in more than 80 global markets. It adds value to the customer experience when using cutting edge technology through the website or mobile trading apps.

In addition, he pointed out that NIC is keen to provide investment products that keep pace with the ambitions and aspirations of clients away from traditional methods, as the company was successful on August 22, 2021 in launching the Market Maker service, pointing out that the market maker is responsible for providing liquidity to the company receiving the service through buy and sell orders. Boursa Kuwait Company stock was chosen to be the first company to benefit from the service, in addition to Gulf Cables Company. He expects more companies to be added in the coming weeks.

New investments
On the other hand, Al-Mukhaizim illustrated that the company’s banking investment sector has been successful in attracting many new investments in infrastructure, credit and information technology sectors. The company started 2021 with a strong set of mandates, which included several mergers and acquisitions in favor of its clients, sales and restructuring transactions, as well as contracts to provide general advisory services.

Al-Mukhaizim explained that as part of NIC’s broader investment strategy to target the technology sector, the company recently successfully invested in the US company (Pipe Technologies), which specializes in fast-growing financial technologies, noting that it is the first platform trading company in the world for recurring revenues with an estimated value of around $ 2 billion.

Seize opportunities
Al-Mukhaizim added that NIC has succeeded in strengthening its position, seizing unique opportunities in the market and providing good investments to clients, saying that NIC has worked on capacity building and has a proven track record in implementing work of operations with the highest quality and concentration. on mid-sized clients, confirming that this strategy has provided an excellent platform in 2020 and 2021. He noted that NIC has been successful in executing many pioneering transactions, explaining that the company is in the process of building specialized teams in capital markets, mergers and acquisitions and venture capital, which the company has identified as key areas for growth.

He reiterated that during 2021, NIC was successful in dealing with the pandemic and its effects, while focusing on the digital transformation that creates more resilience for the business on both the operational side and the service side. customer. It also helps focus on investing in sectors that performed differently during the pandemic. The company is going the extra mile to increase product diversity among existing customers while attracting more new customers.

“Our efforts have paid off. NIC reported significant growth in the size of Fiduciary Assets Under Management (AUM) in the first half of 2021, which amounted to KD 1.1 billion, an increase of 6.4%. The company has sought to provide above-average returns to clients of the company’s portfolio while preserving capital and successfully managing several diversified investment services, ”Al-Mukhaizim said.

He indicated that NIC has a proven track record of distinguished client relationships and long-term partnerships built on trust and prudence in wealth management, while providing integrated products, solutions and plans, and by adopting new investment approaches in wealth management. In 2021, the company was successful in attracting new capital from fund clients and investment portfolios of approximately $ 75 million.

Al-Mukhaizim said that the wealth management industry has launched the electronic portal system (client portal), which has helped clients to track their investments while giving them the ability to execute orders in a direct and efficient manner. , not to mention other features such as comprehensive analysis of their investments from portfolios and funds in an innovative way among other comprehensive solutions to achieve clients’ investment objectives and meet their aspirations.

Price 2021
Al-Mukhaizim pointed out that the year 2021 is one of the distinguished years for NIC in which the company has won four prestigious international awards from renowned international institutions and magazines. This confirms its pioneering role at the local and regional level, where winning such awards is a testament to NIC’s pioneering position and reflects its ability to compete and earn the trust of the investment community. He went on to say that the awards confirm that the company is on the right track and is working in accordance with transparency and governance practices that ensure customer satisfaction, especially in light of the professionalism that the company follows in all. its activities and with the various regulatory authorities. He added that NIC is one of the few companies able to meet the ambitions of customers in local and regional markets thanks to its efficiency and its competence to assume its responsibilities in an optimal way.

Al-Mukhaizim expressed his thanks and gratitude to the NIC team for their efforts to achieve this outstanding performance and growth, which is in line with the defined strategy and the commitment to achieve the best results for clients. by supporting investment decisions with accurate research and investment. in quality assets, in addition to the absolute support of the Board of Directors and General Management. He said this approach will effectively continue to respond optimally to customer ambitions at all local and regional levels.

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