NIC appoints Gulf Bank as selli agent of Al Wataniya Fund

NIC appoints Gulf Bank as selli agent of Al Wataniya Fund

KUWAIT: In a major move towards developing new collaborations that aim to enhance the partnership between the investment companies and Kuwaiti banking sector, National Investments Company (NIC) has announced the signing of an agreement with Gulf Bank. Under the agreement, the Bank will act as a selling agent of Al Wataniya Fund in accordance with the CMA law. NIC selected Gulf Bank because it is a leading bank and subject to the supervision of CBK and licensed to perform the activity of Selling Agency by CMA.

NIC announced in a press release that this agreement aims to double the marketing and promotional efforts of the company’s products for potential investors in Kuwait and the region. This would be achieved by providing the service of selling Al Wataniya Fund by Gulf Bank and its branches across Kuwait, which would in turn reflect positively on reaching the largest customer base of investors. The agreement was signed by Fahad Al-Mukhaizim – CEO of NIC, and Waleed Mandani – Deputy CEO at Gulf Bank, in the presence of officials from both sides.

Added Value

Al-Mukhaizim said:”We are pleased to sign this agreement with Gulf Bank, which is an added value for both parties. NIC is always keen