Asset Manager

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National Investments Company

National Investments Company offers investment management services to institutional investors, companies, and high-net-worth individuals. The firm has made 5...

National Investments Company

National Investments Company offers investment management services to institutional investors, companies, and high-net-worth individuals. The firm has made 5 investments, including a Series C investment in Alpaca on April 23, 2025. National Investments Company has a single portfolio exit, Boursa Kuwait Securities, which occurred on December 02, 2019.

General information

Firm type

Generalist

Year founded

1987

Location

Region

Middle East

Country

Kuwait

City

Kuwait City

Corporate office

Kuwait City, Kuwait

Principals

Fahad Al-Mukhaizeem

Chief Executive Officer

Hamad Al-Ameeri

Chairman

Sector focus

Private EquityReal EstatePrivate CreditAsset ManagementBrokerage

Frequently asked questions

Who runs investment decisions at National Investments Company?

CEO Fahad Al-Mukhaizeem oversees the firm's investment strategy and operations. He has led NIC through a cost-optimization program and return to profitability in 2024. The firm also operates under a board chaired by Hamad Al-Ameeri, with final investment decisions flowing through investment committees as required under Boursa Kuwait-listed company governance rules.

Is NIC a single family office or a publicly traded asset manager?

NIC is a publicly traded asset manager listed on Boursa Kuwait (ticker NINV). It is not a family office, though it shares some characteristics with regional holding companies that manage proprietary capital. As a listed entity, it discloses quarterly financials and is subject to Kuwait Capital Markets Authority regulations.

What asset classes does NIC invest in?

NIC deploys across private equity, real estate, regional public equities, and private credit. The firm also operates a brokerage arm that generates fee income from execution and custody services. Its private equity group targets buyouts and growth equity primarily in the MENA region.

Does NIC manage third-party capital or only proprietary money?

NIC manages both proprietary capital and third-party mandates. As a publicly listed investment company with its own balance sheet, it anchors deals with its own capital and can offer co-investment opportunities to external limited partners. The mix between proprietary and third-party assets is not publicly segmented.

Where is NIC's capital deployed geographically?

NIC's investment activity is concentrated in Kuwait and the broader Gulf Cooperation Council (GCC) region. Its real estate portfolio includes assets in Kuwait, and its private equity and public-equity strategies focus on regional MENA opportunities.

What is NIC's known posture on co-investments?

NIC's listed structure and balance-sheet capacity allow it to anchor transactions and offer co-investment slots to external partners. The firm has demonstrated this through direct participations in capital increases, such as its 2024 commitment to Gulf Cables & Electrical Industries Group, where it acted alongside other regional investors.

How is NIC governed as a publicly traded firm?

NIC is governed by a board of directors chaired by Hamad Al-Ameeri and regulated by the Kuwait Capital Markets Authority. It files quarterly and annual financial statements with Boursa Kuwait, including profit-and-loss disclosures and material-event announcements that provide public visibility into its financial health.

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