National Investments Company records KD 8.7m profits in 2022

National Investments Company records KD 8.7m profits in 2022

KUWAIT: The National Investments Company’s Board of Directors has approved the company’s consolidated financial statements for the fiscal year ended 31 December 2022, a year, which has witnessed a fruitful and successful performance on both financial and operational levels, despite the local and global economic challenges and difficulties. The company achieved stable financial performance reflected in the last fiscal year’s results thanks to its successful strategic vision and diversification approach aimed at providing sustainable returns and maximizing shareholder value.

Solid financial position

Bader Nasser Al-Kharafi, Chairman of the National Investment Company, said: “The financial results achieved by the company during the fiscal year ended December 31, 2022, were supported by a moral optimism, as the company began the year 2022 to intensify its efforts to strengthen its position within the financial sector as well as its ability to preserve the interests of its customers, which led to solidifying its position in the investment sector further. In addition to utilizing opportunities to achieve distinctive value in the long term for its shareholders by diversifying sources of income and enhancing profits and operating income to achieve the highest returns and the lowest possible risks”.

Al-Kharafi also explained that the past year had witnessed many transformations,