National Investments Company Holds Q2 2025 Analysts Conference
Kuwait, August 11, 2025 – National Investments Company (NIC) held its Q2 2025 Analysts Conference on Monday, August 11, 2025. The event featured presentations by Mr. Sulaiman Al Derbas, Strategy Managing Director; Mr. Mohammad Baig, Executive Director of Accounts and Management Reporting, Finance and Accounting Sector; and Mr. AlMuthanna Al Maktoum, Managing Director of the Wealth Management Sector.
The conference opened with a company overview and financial highlights for the second quarter of 2025, during which NIC reported exceptional results reflecting the strength of its financial position and commitment to a disciplined investment approach. This strategy continues to deliver sustainable growth in earnings and returns, while supporting the company’s ambition to create long-term value through innovative solutions and alternative investments tailored to high-net-worth individuals and institutional investors in the region.
Strong Financial Performance
Mr. Baig presented a detailed review of NIC’s financial performance. For Q2 2025, the company reported total revenues of KD 23 million and a net profit of KD 14 million, with earnings per share (EPS) of 17.3 fils. This compares with KD 13 million in revenues and KD 6 million in net profit (7.2 fils EPS) in the same period of 2024.
Return on average equity stood at 6.7%, and return on average assets at 4.9%, while the leverage ratio was 39.9% as of June 30, 2025. Book value per share rose to 265 fils, and assets under management in fiduciary capacity reached KD 1.2 billion, compared with 230 fils per share and KD 1.05 billion in June 2024.
Net profit for Q2 2025 increased by 139% year-on-year, while revenues grew 76%, primarily driven by gains from fair value revaluation of investments. Administrative expenses rose to KD 6 million, in line with higher operating income, and finance costs increased to KD 1.6 million due to new borrowings. Total comprehensive income amounted to KD 16.6 million for the quarter.
As of June 30, 2025, total assets stood at KD 321 million and shareholders’ equity attributable to the parent company at KD 211 million, compared with KD 283.5 million and KD 197.4 million, respectively, at year-end 2024. Investments accounted for approximately 82% of total assets, including 9% in real estate, with the remainder in cash and other assets.
Strategic Opportunities and Growth
Mr. Al Derbas highlighted continued strong performance across NIC’s business sectors. Asset Management delivered one of the best market results, with Al Wataniya Fund leading large-cap funds and portfolios achieving a 20% compounded return. The company also added 50 new portfolios and is working with Kuwait’s Capital Markets Authority and Boursa Kuwait to launch new products in H2 2025.
In market-making, NIC expanded its leadership by providing services to 15 listed companies, enhancing liquidity and supporting key client objectives.
Investment Banking continued executing strategic mandates, including advisory on three major capital markets transactions valued at approximately USD 1.5 billion, expected to close in 2025. The division also provided valuation services for regional listed companies, supported restructuring of Kuwaiti real estate portfolios, and marketed selective sale opportunities.
In Alternative Investments, NIC completed the first close of its NIC Real Estate Credit Fund I in June 2025, raising over USD 12 million, while pursuing new financing opportunities and international projects. Divestments from international real estate generated USD 3.5 million, with an additional USD 1 million expected before year-end.
Five-Year Strategic Plan
NIC officially launched its five-year transformation and growth strategy in H1 2025, developed in partnership with McKinsey. The plan serves as a roadmap for sustainable growth, operational efficiency, and regional expansion. It encompasses three phases and 25 strategic initiatives across four core objectives, with flexibility to adapt to market dynamics.
The company has already achieved 47% of its first-phase milestones, reflecting strong execution and adherence to timelines. This strategic transformation reaffirms NIC’s vision to solidify its position as one of the region’s leading investment institutions through product innovation, talent development, and regional and international partnerships.
