Monthly Subscription / Redemption Fee = 0.5%
National Investments Company
1% per annum
10 years, renewable
Only 20% of the amount by which the annualized rate of return exceeds 10%
KWD 5 to 100 million
Calculated on the last trading day of every month
KWD 8,257,747
Quarterly or Annually
KWD 3,644,158
Kuwaiti Dinar
Kuwait Clearing Company K.S.C
KWD 1.000
10,000 Units with increments of 1000 units
Kuwaiti Accountant Auditing
You are able to print the applications of subscription and redemption from the website and submit them along with a copy of the required documents via email CRM@nic.com.kw
Or you can visit the company with the required documents at the following address.
National Investments Company Kuwait City, Sharq, Al Mutanabi Street, Block 7, Khaleejia Building, 10th Floor, Wealth Management Sector
For further assistance, please call the Client Relations Department on the operator number
1821112 Ext: 6681 / 6739.
Please attach a copy of the following according to the business type:
For Foreign Companies outside Kuwait:
In case there is a controlling person, official documents should be authenticated.
Government entities:
In addition to a copy of check deposit slip or funds transfer confirmation (please see below for payment instructions).
Please allow 2 working days for confirmation of receipt of documents. If you do not receive a confirmation by the third working day please contact: NIC Client Services Department at +965 22266666 Ext. 6680 / 6739.
The subscription and redemption process is concluded and executed on the Iast day of the month, on a monthly basis, and in the event of the last day of the month on an official holiday, the previous working day is considered the day of the subscription and redemption. Receiving orders of subscription and redemption close at 1:00 p.m. (Kuwait time) during the official business days in the State of Kuwait and to Fund Manager, a day before the date of valuation the fund's assets, otherwise the application fell for that period and he must renew his request for the next period.
Beneficiary: Mawarid Industrial & Petroleum Services Fund
Bank Name: Kuwait Finance House - Head Office
Account Number: 011010577522
IBAN No.: KW28KFHO0000000000011010577522
In the name of: Mawarid Industrial & Petroleum Services Fund