Almuthana Al Maktoum:

• Winning (Global Business Outlook) “Best Wealth Management Awardthis Award mainly reflects NIC’s prestigious position at local and regional levels in providing leading investment products and services
• The Company’s ability and the outstanding relationships it has with customers in wealth management at professional levels
• The launch of the electronic portal system that allows customers of Wealth Management Sector to follow their investments in real time is being finalized.

National Investments Company added a new global award to its success records in serving high-net-worth consumers, which is the “Best Wealth Management Award, Kuwait 2021” by the Global Business Outlook, which is one of the most prominent specialized publications in the financial sector and the leading platform in recognizing and rewarding investment and financial institutions worldwide. Global Business Outlook is a KU-based platform dedicated to covering all global economic activities as a leading information provider around the world. It provides comprehensive, detailed, factual and up-to-date coverage of Global Banking, Insurance, Brokerage, Islamic Finance, Hedge Funds, Brands, Energy, Hospitality, Real Estate Startups and Emergent Technologies. The evaluation process is based on a wide range of qualitative and quantitative criteria such as business volume, innovation, leadership, credit ratings, asset quality, volume of assets under management, annual profits, efficiency rates, key performance indicators, distinctive services and innovative products offered by the sector to high net worth customers.

This award reflects NIC’s commitment to providing the best services in wealth management. It also confirms the Company’s ability and its outstanding relationships with customers, and the long-term partnerships that depend on great confidence and prudence in wealth management at professional levels, providing integrated investment products to customers, along with provision of solutions and plans that help them achieve their various financial goals.

NIC is also keen to adopt the latest investment trends in wealth management, as part of its continuous quest to provide the best services and keep abreast of developments and rapidly changing market requirements, being one of the largest investment houses in Kuwait and the region in terms of the volume of assets under management, which amounted to more than KD 1.5 billion.

On this occasion, Mr. Almuthana Al Maktoum, EVP, Wealth Management Sector at NIC said in a press release: We are pleased to have received this prestigious global award, which primarily demonstrates the prominent position of the Company at local and regional levels in providing pioneering investment services and products that meet the needs of high net worth customers. This award also reflects the wealth management services that NIC provides at professional levels, thanks to the long experience and innovative solutions enjoyed by the Company and its executive team that focus on providing the best investment solutions that live up to customers’ current and future aspirations, needs and directions.

Mr. Al Maktoum added: “Despite the challenges that the markets are still facing due to Covid-19 pandemic, NIC has gained a great position and confidence among the biggest investment institutions in Kuwait and the region, thanks to its performance, long experience and wise balanced philosophy that it enjoys over the course of years”.

Mr. Al-Maktoum said that the Wealth Management Sector succeeded in enhancing customer satisfaction levels by providing resilient and effective services, in light of the increasing trend of customers for digital services and their search for more effective means. Moreover, NIC management always seeks to find simple ways to encourage its customers by implementing interactive services, where the Company has an experienced team capable of keeping pace with the aspirations of customers and providing all useful services that meet their requirements in line with global changes.

Mr. Al-Maktoum said that this interactive service provided by NIC is a step towards moving forward with digital services, where customers can conduct an interactive dialogue without waiting, adding that this technology contributes to diversifying ways of communication with customers, which helps achieve more success and development by improving operations, and reinventing business models.

On another front, Mr. Al-Maktoum pointed out that the Wealth Management Sector is currently finalizing the launch of the electronic portal system, which allows customers to follow up their investments on a real time while giving them the ability to execute orders directly and effectively. This system also provides other features such as comprehensive analysis of customers’ investments, including Portfolios and funds, in an innovative way, in addition to more comprehensive solutions to achieve their investment goals.

In conclusion, Mr. Al-Maktoum said: “Winning these global awards by NIC demonstrates that the Company is on the right path, and it works with institutional maturity and transparency that guarantee customer satisfaction, especially in light of the professionalism that the Company adopts in all its activities or through dealing with different supervisory and regulatory authorities”.