NIC holds financial analysts conference for year ended on 31 December, 2022

NIC holds financial analysts conference for year ended on 31 December, 2022

KUWAIT: On March 21, 2023, the National Investments Company held its Analysts Conference for the fiscal year ending on 31 December 2022. The conference witnessed the participation of Girish Nair, NIC’s Chief Financial Officer; Bashar Khan, Senior Vice President – Investment Banking Sector; 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 2022, which proved that NIC was able to achieve stable financial performance, thanks to its strategy and dynamic diversification to achieve value aimed at providing sustainable returns and maximizing shareholder value.

Girish Nair presented a detailed report about the company’s financial position, emphasizing that the company has recorded a net profit of KD 8.7 million and earnings per share equivalent to 11 fils. Through shareholders’ equity, the company’s comprehensive income has reached KD 9.4 million, and the total comprehensive income reached KD 18.1 million for 2022.

During the comparative period of 2021, the company recorded a profit of KD 24.4 million, earning per share of 31 fils, and a profit of KD 25.6 million as other comprehensive income. The total comprehensive income amounted to KD 50 million.

Girish pointed out that during 2022, the