National Investments Company adds “Market Maker” to its Objectives
- NIC has been qualified as a Market Maker, which is a licensed entity aims to provide liquidity (supply and demand).
- The objectives of the existence of the Market Maker is to provide a constant balance between supply and demand and reduce the gap between the buying and selling prices.
- Adding a new source to the Company’s revenue contributes to increasing and improving the Company’s profitability in the long run.
- A key role of the Market Maker is to constantly provide supply and offer of securities in the market and to explore the equilibrium price.
- NIC is one of the largest asset management companies in Kuwait with diverse competences
- NIC played various advisory roles in recent period, including the listing advisor for Boursa Kuwait Company on the Premier Market
- NIC won many awards in the last period at the local and GCC levels, which reflects its readiness to play many pivotal roles in the investment and asset management sectors.
- NIC has a seasoned team able to apply the Market Maker concept very professionally.
National Investments Company (NIC) held its Extraordinary General Assembly meeting yesterday at its headquarters at Al Khaleejia Complex. The meeting was chaired by Mr. Hamad Ahmed Al-Ameeri – Chairman of the Board of Directors.
The Chairman of the Board of Directors of National Investments Company, Mr. Hamad Al-Ameeri said in a press statement that the exceptional circumstances the Kuwaiti and global markets are experiencing since last year 2020 till now require a strategic and exceptional investor, and also require a clear vision and thorough and careful study, and that NIC’s achievements, history and track record qualify it to play a leading role in the local and GCC markets, adding that NIC is always seeking to seize good investment opportunities in line with the applicable investment criteria.
Al-Ameeri added that NIC has been qualified as a Market Maker, which is a licensed entity that aims to provide liquidity (supply and demand).
The Extraordinary General Assembly also agreed to add a new objective that provides for adding the Market Maker activity to the Company’s objective. The Market Maker has the ability to trade securities and provide them from the stock available with the Company or through borrowing.
Among the objectives of the Market Maker is to find a constant balance between supply and demand and reduce the gap between buying and selling prices. The Market Maker also provides purchase orders and sales offers in order to make that the rise and fall of securities prices smooth.
A key role of the Market Maker is to constantly provide supply and offer of securities in the market and to explore the equilibrium price.
The objectives of the Company for which it was established allow it to be a securities broker not registered at the Stock Exchange, and also include the establishment or participation in the establishment of companies of all kinds, objective and nationalities, and dealing in the sale and purchase of securities of these companies and the bonds and financial rights they issue for the Company’s account.
The Company is also entitled to carry out all business activities related to securities, including the sale and purchase of all types of shares and bonds, whether issued by private sector, governmental or semi-governmental local and international companies for the Company’s account.
Growing Clients’ Funds
Al-Ameeri also emphasized that adding a new source to the Company’s revenues contributes to increasing and enhancing the Company’s profitability in the long run, and maintaining its leading positions by providing many investment services as a key player and a major part in implementing the development of the futures market in Kuwait, and to reflect the Company’s distinctive image by providing sophisticated investment tools, in addition to enhancing the Company’s portfolio of clients by attracting new clients and developing the existing portfolio of clients by providing new services to existing clients who wish to maintain or increase trading rates on their securities.
This also contributes to the development of the Company’s work team through the experience gained from acting as a Market Maker and the added value, as it is one of the new and developed activities and it is expected to continue to introduce new products in line with the existing tools and products in global markets.
NIC objectives also include management of investment portfolios and investment in the real estate, industrial, agricultural and other economic sectors, by participating in the establishment of specialized companies or buying the shares of these companies. The objectives include real estate investments aimed at developing residential lands and building residential and commercial units and complexes with the goal to sell or lease them, as well as carrying out the activities of the investment advisor, the subscription agent and also Collective Investment Scheme Manager.
Mr. Fahad Al-Mukhaizim, Chief Executive Officer of National Investments Company, said that NIC is one of the largest asset management companies in Kuwait and has various competencies.
Al-Mukhaizim emphasized that NIC completed dozens of giant operations in 2020 through the efforts of a specialized team with the highest level, pointing out that the Company played various advisory roles during the recent period, including the advisor for the listing Bursa Kuwait Company in the Premier Market. Currently, NIC is looking for the available promising investment opportunities that are in line with its objectives, adding that NIC has a highly qualified team who is able to professionally apply the Market Maker concept.
NIC won several awards in the last period at the local and GCC levels, which reflects its readiness to play many pivotal roles in the investment and asset management sectors.
Adaptable to Changes
Al-Mukhaizim added that NIC is continuing its efforts and proceeding with its plans, and that the positive results achieved by the Company and always maintaining its excellent indicators make it able to cope with the fluctuations and conditions of the local and GCC investment market, with a focus on more opportunities and operational and generating assets.
Performance and Growth
Al-Mukhaizim extended his thanks and appreciation to the Company’s team for their efforts to continuously achieve this performance and growth, which is always in line with the strategic plan of the Company, and which spares no effort to remain at the forefront of the best advanced and developed investment companies at the local and regional levels.
Al-Mukhaizim concluded by expressing his wishes asking Allah almighty to protect Kuwait and its people from all evil and harm, and make peace, security and safety prevail our beloved country under the wise leadership of His Highness the Amir of the State Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah and His Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, may Allah safeguard and protect them.