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Corporate Governance

NIC is committed to comply with Corporate Governance (CG) rules by applying a wide set of policies and procedures to boost the main objective of CG which protect investors, and the segregation between Board of Directors and Executive Management.

 

Complying with Corporate Governance rules boost the following:

  • Compliance with ethical behaviors and professional code of conduct to achieve company’s related parties’ interest and approach the principle of transparency for presenting financial and non- financial information.
  • Develop integrated system for control and accountability and activate stakeholder’s policies and procedures to achieve their rules therein.
  • Disclosure and transparency to ensure the protection of all stakeholders’ rights and compliance with Regulator instructions therein.
  • Proper organization and administrative & appropriate distributions for duties and responsibilities.

Financial Reports

  • Year

  • SUMMARY REPORT

    Q1
    H1
    Q3
    Q4
  • BALANCE SHEET

    Q1
    H1
    Q3
    Q4
  • CORPORATE PROFITS

    Q1
    H1
    Q3
    Q4
  • ANNUAL REPORTS

    Annual Report
    Financial Statement

Disclosure

Judicial Decision Disclosure

December 7, 2022
Judicial Decision Disclosure
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[Supplementary Disclosure] Regarding Board Member Resignation

December 4, 2022
[Supplementary Disclosure] Regarding Board Member Resignation
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Material Information Disclosure Regarding Board Member Resignation

November 30, 2022
Material Information Disclosure Regarding Board Member Resignation
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Transcript of the Analysts Conference

November 21, 2022
Transcript of the Analysts Conference
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Corporate Social Responsibility

At NIC, Corporate Social Responsibility (CSR, also called corporate conscience, corporate citizenship or responsible business)- ensures that corporate self-regulation is integrated into our business model. CSR policy functions as a self- regulatory mechanism whereby NIC monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. NIC seeks to identify a set of activities that are geared towards furthering some social good, beyond the interests of the company. NIC aims to increase long-term profits and shareholder trust through positive public relations and high ethical standards to reduce business and legal risk by taking responsibility for corporate actions. Our chosen CSR strategies encourage NIC to make a positive impact on the Kuwaiti community. Special emphasis is placed on supporting and sponsoring events geared towards empowering young Kuwaiti youths to make informed career choices, and to encourage creativity. On-the-job internships are high on NIC’s priority list as those represent the first building block for a rewarding career.

NIC seeks to be an active community player in other areas such as teaming up with organizations with a good social cause, NIC seeks to identify the worthiest projects, in which to partake which are the most impactful on the community. We believe that such activities contribute in increasing public awareness for NIC as a national organization; and places a big emphasis on giving back to the community.

It is planned that all CSR activities will be given ample press coverage to inform the public about NIC’s role in serving the community. NIC’s CSR activities and policies are in integral part of our corporate mission and public identity. This determines how we aim to project ourselves and what message we want to deliver. We aim to be known as educators, mentors and contributors to Kuwaiti youth’s advancement and career planning and growth. Therefore, activities we undertake will have to match up with those aims. Additionally, NIC’s board of directors and management place a big emphasis on serving the community by undertaking meaningful community

Services activities. Senior management will actively support any undertaken initiative by making public appearances via print and broadcast media.

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