# National Industries Group

National Industries Group is a Corporate Investor based in Safat, Kuwait.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Safat, Kuwait
- **Region:** Middle East
- **Address:** Safat, Kuwait
- **Founded:** 1961
- **Assets under management:** Undisclosed
- **Website:** www.nig.com.kw
- **LinkedIn:** https://www.linkedin.com/company/national-industries-group-holding-sak

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1961, National Industries Group is chaired by Saad Mohammed Abdullah Al Saad and counts board representation from the influential Al-Kharafi family as well as Kuwait's Public Institution for Social Security (PIFSS). The group operates as a holding company with a mandate rooted in industrial development, a posture reinforced by its ownership of operating businesses rather than a passive investment portfolio. Its boardroom ties to PIFSS embed a quasi-sovereign oversight mechanism into its governance, a structural feature common among large Kuwaiti conglomerates. Investment activity spans three primary asset classes: oil and gas services, commercial and mixed-use real estate, and financial services. Real estate holdings include the J3 Investment Opportunity Project (a mixed-use development in Jaber Al-Ahmad City), the Al Durra National Real Estate Portfolio (commercial assets in Kuwait), which also blends commercial and residential use. The United Kingdom-based BI Group Plc extends the group's footprint into a second jurisdiction, providing a structural bridge to European markets. National Industries Group discloses no AUM or total deployment figures. Its professional headcount is not publicly available. The corporate architecture includes a dedicated philanthropic vehicle, the NI Group Mabarrah, separating charitable activities from the commercial balance sheet. The group's board includes Bader Salah Al Mulla, the representative of PIFSS, confirming a formal co-investment or strategic partnership relationship between the public pension institution and the conglomerate's governance structure. The key structural differentiator is the embedded presence of PIFSS on the board, which introduces a layer of public pension capital and oversight into an otherwise private industrial holding company. This hybrid governance model, paired with an international holding company in the UK, creates a dual-track structure — domestic industrial operations in Kuwait overseen by a sovereign-adjacent board member, and a European platform whose operational details remain private.

## Sectors

- Oil & Gas Services
- Real Estate
- Financial Services

## People

- Saad Mohammed Abdullah Al Saad — Chairman of the Board
- Hussam Fawzi Al-Kharafi — Board Member
- Bader Salah Al Mulla — Board Member

## Questions

### What is the relationship between National Industries Group and BI Group Plc?

BI Group Plc, based in the United Kingdom, is listed as a subsidiary or holding within the National Industries Group structure. The group's website identifies it as part of the conglomerate's overall operations, providing a European presence. The specifics of BI Group's investment mandate or asset composition are not publicly detailed by the parent company.

### Does National Industries Group invest in private equity funds or make direct investments?

The group operates as a direct industrial holding company, with disclosed activities concentrated in operating businesses in oil and gas services and direct real estate ownership. It does not publicly describe a private equity fund-of-funds program or commitments to external GPs. Its investment posture is that of a corporate strategic buyer and developer rather than a diversified allocator.

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Last updated: 2026-08-11T02:43:31.692Z

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