September 9, 2022 banking

Al Wataniya Investment Fund receives the Best Investment Product Award


KUWAIT: National Investments Company, a leader in managing investment funds locally and regionally, announced that Al Wataniya Investment Fund won the Best Investment Product Award for the Year 2021 from Global Banking and Finance. The award was granted considering a wide range of performance-related elements, including innovation, flexible strategy, and keeping up with local and global changes within the investment sector, as well as experience and excellence in the world of investment banking.

In a press statement, NIC mentioned that the award received by Al Wataniya Investment Fund comes as a recognition of the performance achieved by the fund, the cash dividends distributed for the year2021, in addition to other global technical standards measures the stability and development progress of the achieved performance.

Commenting on receiving the award, Hamad Al Humaidi, Executive Vice President of MENA Sector said: “Winning of this prestigious global award reflects the high experience and professionalism which is a testament to outstanding performance of our investment products. It also highlights NIC’s leading position in the field of asset management in Kuwait and GCC, being one of the largest local and regional companies in terms of total assets under management exceeding KD 1 billion. It also reflects the success of its investment philosophy, which focuses on preservation of capital and sound investment strategies.”

Performance of Al Wataniya Fund

The National Investments Company is always keen on managing its funds by following a robust investment policy that aims to achieve highest possible return on invested capital by investing in the shares of companies listed on Boursa Kuwait. Al Wataniya Fund delivered a return of 27.77% in 2021 and a total return of 296.75%since inception and have maintained a good ranking among the large sized funds (+KD50 million) based in Kuwait.

Al Humaidi also highlighted that the fund distributed cash dividends of 5% of the nominal value, i.e., 50 Fils for unit holders for the fiscal year ended December 31, 2021, with a total value of KD 10 million. “Al Wataniya Investment Fund was established in 2001 and is considered one of the leading funds in Boursa Kuwait, and its performance is remarkable when compared to the size of the net assets of other funds, as it is one of the largest funds in Kuwait with a net asset value of KD158 million as of 31st December 2021. The fund invests in shares of well performing companies with profitable returns, solid management, and a clear future vision, which had a significant impact on the fund’s stable cash and bonus distribution levels.” added Al Humaidi.

Outstanding funds performance

Al Humaidi has also hailed the unique performance of the investment funds managed by the National Investments Company, which reflects the right approach, the prudence of the fund management team, the company’s extensive experience and the track record of achievements in managing investment funds. He also highlighted that the company’s investment funds have managed to achieve outstanding performance and have distributed cash dividend for the year 2021to the unit holders registered as on March 31, 2022, the distribution commenced on 20th April 2022.

“The National Investments Company provides a variety of services related to asset management and financial services and follows a prudent investment philosophy while offering innovative financial solutions, taking advantage of its position as an integrated asset management firm relying on its presence in the market and client confidence on one hand and to pursue innovation, excellence and competition on the other hand.” Al Humaidi elaborated.

Services Development

Al Humaidi has confirmed that NIC plans to focus on developing its services and investment products in accordance with the highest international standards in quality and excellence, while maintaining its position as a leader in providing investment tools that fulfill our clients’ needs and adapt with the market situation, thus achieving good growth rates that meet the expectations of clients.

Al Humaidi has praised the employees’ efforts and the continuous support provided by the executive management, stressing that this approach will continue in the future with utmost accuracy and efficiency both locally and regionally to maintain progress and position of the company. Global Banking and Finance is one of the world’s leading platforms which relies on quantitative and objective criteria in its awards rankings, as well as unparalleled depth in fund data and information. This enshrines the privileges and unique value of this award.

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