NIC closes outstanding local, regional transactions in 2021

NIC closes outstanding local, regional transactions in 2021

KUWAIT: As part of its efforts to strengthen its leadership in the investment sector in Kuwait and the region, National Investments Co (NIC) achieved exceptional successes at all levels in 2021. Despite the economic repercussions and challenges due to COVID-19, the company concluded several M&A transactions, sell-side mandates and restructuring as well as general advisory mandates.

In recent years, the IBS at NIC translated its tireless efforts into many successful deals, confirming its leading and prestigious position as one of the largest investment companies in Kuwait and the region. It also proved the success of an ambitious and effective strategy based on effective market presence, gaining customer trust, and promoting digital innovation in investment products and services.

In this context, Fahad Abdulrahman Al-Mukhaizim, the Chief Executive Officer of NIC, said that NIC started the year 2021 with a strong pipeline of mandates, including several M&A transactions, sell-side mandates, restructuring as well as general advisory mandates. It also captured many new investments in the infrastructure, credit and information technology sectors.

He noted that 2021 was an outstanding year for the Investment Banking Sector as it played a major role and became the most competitive player locally and regionally thanks to decades of combined experience,