NIC holds financial analysts conference for Q3 2022 results

NIC holds financial analysts conference for Q3 2022 results

KUWAIT: The National Investments Company held a financial analysts conference for its Q3 2022 results on Thursday, November 17, 2022. The conference witnessed the positive participation of Girish Nair, NIC’s Chief Financial Officer, Bashar Khan, Senior Vice President of Investment Banking Sector, and Al Muthana Al Maktoum, Executive Vice President – Wealth Management Sector, who presented a brief about the company and shed light on the positive financial results achieved in Q3 2022, which reflect the company’s outstanding performance and solid operational achievements that led into maintaining and strengthening its financial position, high-quality assets and its ability to achieve sustained growth. This is all due to the effective strategy and its competent, experienced team.

Financial Position

Nair presented a detailed report about the company’s financial position and the outstanding performance achieved up until September 30, 2022; the company announced a net profit of KD 8.8 million (11 fils per share), and other comprehensive income of KD 5.8 million through shareholders’ equity, translated into a total comprehensive income of KD 14.6 million for the third quarter, compared to KD 22.4 million generated during the same period last year (28.1 fils per share), other comprehensive income of KD 20.9 million and total overall income