National Investments Co (NINV) News - Mubasher Info
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18 January 04:57 PM

National Investments Co (NINV`R)

Last update: 15 January 01:10 PM market time.
272.00
13.00
5.02%
Open 277.00
Previous Close 259.00
High 277.00
Low 271.00
Stock Statistics
Volume 1,324,272
Turnover 360,962.27
All data are 15 minutes late during market session

News

The cash dividends will be distributed on 14 May
20 April 2020 02:01 PM National Investments approves 9 fils/shr dividends for 2019
Mubasher: The general assembly of National Investments Company (NIC) approved distributing nine fils per share or 9% of the capital as cash dividends for the fiscal year (FY) 2019 as proposed by the board of directors.  The distributions shall …
Cash Dividends
NIC’s net profit surged by 45.59% on an annual basis in 2019
23 March 2020 05:14 PM National Investments seeks CMA’s market maker license
Mubasher: The board of National Investments Company (NIC) approved launching required procedures to obtain the Capital Markets Authority’s (CMA) license to provide market maker services. It further called for an extraordinary general meeting (EGM) …
Corporate Actions
Earnings totalled KWD 1.47 million in Q4-19
18 March 2020 09:27 AM National Investments’ earnings up 46% in 2019; dividends proposed
Mubasher: The net profit of National Investments Company (NIC) surged by 45.59% on an annual basis in 2019 to reach KWD 10.73 million ($34.76 million), compared with KWD 7.37 million ($23.87 million) in 2018. The growth in the annual earnings was …
Board of Directors
The deal will result in a slight drop in the company’s financing costs
19 January 2020 05:32 PM National Investments pens KWD 6.5m loan deal
Mubasher: National Investments Company (NIC) signed a loan agreement worth KWD 6.5 million ($21.5 million) with a local bank. The five-year loan will be used to refinance current loans, the company said in a statement to Boursa Kuwait on Sunday. …
Banking and Finance
The tenor of the loan is five years
17 December 2019 04:22 PM National Investments inks KWD 13m loan deal
Mubasher: National Investments Company (NIC) signed a loan agreement worth KWD 13 million ($43 million) with a national bank, the investment management firm said in a bourse statement. The tenor of the loan, which will be used for investment …
Companies Investments
New real estate unit is set to start its operations in 2020
26 November 2019 11:55 AM National Investments to launch real estate arm
Mubasher: National Investments Company (NIC) is planning to establish a real estate management and development arm, senior vice president for the Real Estate Investments Sector at NIC, Mohammad Tareq Al Nouri, told Al-Qabas newspaper. Al Nouri …
Real estate
Profit grew to KWD 9.25m in 9M
6 November 2019 08:55 AM National Investments posts 100% profit decline in Q3-19
Mubasher: National Investments reported a 99.6% year-on-year profit decline during the third quarter of the fiscal year 2019. The company’s net profit reached KWD 13,000 ($43,000) in Q3-19, compared to KWD 3 million ($9.9 million) in the year-ago …
Financial Results
The new stake is valued at KWD 2.18 million
23 October 2019 00:06 PM National Investments raises stake in unit to 63.5%
Mubasher: National Investments has increased its stake in a Kuwaiti closed and unlisted firm to 63.47% from 41.99%, transferring it to a subsidiary from a sister company. The new stake is valued at KWD 2.18 million ($7.20 million), according to a …
Companies Investments
The dividends share will increase National Investments' cash
30 July 2019 03:08 PM National Investments receives $12.8m from Kuwait Foundry’s dividends
Mubasher: National Investments on Tuesday announced that its share in Kuwait Foundry’s approved distributing cash dividends amounted to KWD 3.9 million ($12.81 million). The dividends share’ financial impact on National Investments will be …
Cash Dividends
A previous assembly meeting of National Investments
1 July 2019 05:19 PM National Investments’ capital to shrink on CMA’s letter
Mubasher: National Investments Co has received a letter from the Capital Markets Authority, issued with the date 26 June 2019, referring to modifications in the company’s memorandum of association as well as articles of association. Upon this …
Corporate Actions
The dividends will be distributed on 27 June
4 June 2019 10:20 AM National Investments to pay 8 fils/shr dividends for FY18
Mubasher: National Investments’ ordinary general meeting (OGM) approved to distribute 8 fils per share as cash dividends to shareholders for the full-year 2018 after offering treasury shares. Dividends represent 8% of the company’s capital, …
Management Decisions
Operating profit surged 48% YoY to KWD 7.85 million in Q1-19
15 May 2019 09:42 PM National Investments posts 64% YoY profit hike in Q1
Mubasher: National Investments on Wednesday reported a 64% year-on-year profit increase during the first quarter of the fiscal year 2019, recording KWD 5.48 million ($18.06 million). Operating profit surged 48% YoY to KWD 7.85 million in Q1-19, …
Financial Results
National Investments' capital will reach KWD 79.79 million after trimming
29 April 2019 09:53 AM CMA approves National Investments’ capital cut
Mubasher: The Capital Markets Authority (CMA) of Kuwait has approved National Investments Company’s request to reduce the capital to KWD 79.79 million from KWD 87.62 million. The capital cut will be implemented through cancelling 78.35 million …
Corporate Actions
The board of directors recommended distributing 5% of the share’s nominal value as cash dividends
21 March 2019 00:13 PM National Investments sees 29% profit decline in 2018; capital cut proposed
Mubasher: National Investments succumbed to losses in the fourth quarter of 2018, incurring KWD 1.05 million ($3.46 million), against KWD 763,740 ($2.52 million) in the prior-year period.    For the full-year 2018, National Investments logged a …
Financial Results
National Investments on Thursday announced purchasing Al Khair National for Stocks and Real Estate’s stake in Kuwait Foundry for KWD 7.8 million.
24 January 2019 00:29 PM National Investments buys Al Khair’s stake in Kuwait Foundry for KWD 7.8m
Mubasher: National Investments on Thursday announced purchasing Al Khair National for Stocks and Real Estate’s stake in Kuwait Foundry for KWD 7.8 million. No financial impact will result from the deal on the company, National Investments said in …
Companies Investments
Earnings shrank to KWD 2.99 million ($9.86 million) in Q3-18
28 October 2018 05:19 PM National Investments records lower profits in Q3, 9M
Mubasher: National Investments Co registered a decline of 31% in profits during the third quarter of 2018 compared to the same period a year ago. Earnings shrank to KWD 2.99 million ($9.86 million) in Q3-18 from KWD 4.37 million ($14.41 million) …
Financial Results
National Investments has a capital standing at KWD 87.62 million
23 October 2018 00:58 PM National Investments files lawsuit against CapCorp
Mubasher: National Investments Co has filed a lawsuit against the Kuwaiti company CapCorp Investment, which operates an investment by National Investments in Bahrain. The financial impact of this legal case on National Investments’ income …
Law
National Investments was appointed as the lead manager of the acquisition
28 August 2018 00:51 PM Boubyan Petrochemical to acquire Al Kout for 776 fils/shr
Mubasher: Boubyan Petrochemical announced that the Capital Markets Authority (CMA) on Monday, 27 August, approved publishing the prospectus of the compulsory acquisition of Al Kout Industrial Projects’ remaining shares offered by Boubyan. Boubyan …
Trading Activities
The company’s net profit grew 2% to KWD 5.42 million in H1
22 July 2018 06:30 PM National Investments posts over 78% net profit hike Q2
Kuwait – Mubasher: National Investments Company (NIC) has reported a 78.3% year-on-year increase in net profit during the second quarter of 2018, recording KWD 2.09 million ($6.9 million). The company’s net profit grew 2% to KWD 5.42 million in …
Financial Results
Earnings decreased to KWD 3.33 million ($11.06 million) in Q1-18
15 May 2018 05:02 PM National Investments Q1 profits drop 17%
Mubasher: National Investments Co reported a decline of 16.8% in profits during the first quarter of 2018 compared to the same period in the prior fiscal year. Earnings decreased to KWD 3.33 million ($11.06 million) in Q1-18 from KWD 4 million …
Financial Results
The dividends will be distributed on 7 May
17 April 2018 04:18 PM National Investments to pay 7 fils/shr as FY17 dividends
Mubasher: The ordinary general meeting (OGM) of National Investments Co approved the board’s recommendation to distribute 7% of the capital as a cash dividend for fiscal year 2017. National Investments will pay 7 fils per share as a dividend to …
General Assembly
National Investments received KWD 8.15 million as a first installment
4 April 2018 00:03 PM National Investments receives final installment from exiting deal
Mubasher: National Investments Co has received KWD 59,000 ($197,200) as a final installment from exiting a property portfolio in the US. Exiting this portfolio has resulted in achieving a net profit worth KWD 41,000 ($137,000) which will be …
Companies Investments
The board members recommended a cash dividend of 7%
7 March 2018 03:45 PM National Investments FY17 financials turn profitable; dividends proposed
Mubasher: National Investments Co achieved a profit worth KWD 764,000 ($2.55 million) in the fourth quarter of 2017 against losses of KWD 5.01 million ($16.74 million) in the same period a year ago. During fiscal year 2017, the company reported a …
Board of Directors
The company will later disclose the delivery of the final installment
5 March 2018 03:03 PM National Investments gets 1st installment from US portfolio
Mubasher: National Investments Co has received approximately $8.15 million as a first installment from exiting a residential project in a portfolio in the U.S., according to a bourse statement on Monday. The financial impact of this transaction …
Companies Investments
The accumulation period for Al Madar will start on 13 February
4 February 2018 00:04 PM CMA to publish Al Thekair’s takeover offer on Al Madar
Mubasher: Al Madar Finance and Investment announced that the Capital Markets Authority (CMA) has approved disclosing the document related to Al Thekair General Trading and Contracting Co’s compulsory acquisition on the entire shares of Al Madar. …
Companies Investments