National Industries Group Holding (NIND)

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News

25 March 2024 02:49 PM National Industries reports KWD 47m consolidated profit in 2023

Mubasher: The consolidated net profit after tax and directors’ remuneration of National Industries Group Holding (NIG) surged to KWD 46.77 million in 2023 from SAR 33.92 million a year earlier. Revenues from sales and contracts with customers …

Financial Results

7 June 2022 10:30 AM National Industries appoints new Chairman

Mubasher: National Industries Group Holding, listed on the Dubai Financial Market (DFM) and Boursa Kuwait, has appointed Saad Mohammed Al Saad as the company's Chairman. The company has also named Sulaiman Hamad Al Dalali as Vice Chairman, …

Management Decisions

21 December 2021 09:40 AM National Industries' EGM approves capital increase to KWD 300m

Mubasher: The extraordinary general meeting (EGM) of National Industries Group Holding, listed on the Dubai Financial Market (DFM) and Boursa Kuwait, has approved an increase in the authorised, issued, and paid-up capital to KWD 300 million from …

General Assembly

30 September 2021 01:26 PM Noor repays last debt installment to National Industries

Mubasher: Noor Financial Investment has paid off the last installment worth KWD 1.5 million ($5 million) in a loan granted by its parent company National Industries Group Holding. In 2018, National Industries Group gave Noor Financial Investment a …

Companies Investments

28 March 2021 00:36 PM National Industries swings to loss in 2020; bonus issue proposed

Mubasher: National Industries Group Holding, listed on the Dubai Financial Market (DFM) and Boursa Kuwait, turned to net losses of KWD 52.21 million in 2020 ($173.17 million), versus net profits of KWD 46.35 million ($153.76 million) in 2019. The …

Financial Results

24 December 2020 00:07 PM Capital Intelligence affirms National Industries' bond ratings; outlook negative

Mubasher: Capital Intelligence Rating has affirmed the ratings of KWD 25 million senior unsecured bond and KWD 30 million senior unsecured bond of National Industries Group Holding at 'BBB' and 'BBB-', respectively, with a negative outlook. The …

Ratings

16 August 2020 01:56 PM National Industries logs KWD 64m net losses in H1-20

Mubasher: National Industries Group Holding incurred KWD 64.145 million net losses in the first half (H1) of 2020, against net profits of KWD 43.205 million in the same half of 2019. The net losses are caused by a decline in sales amounting to …

Financial Results

30 April 2020 02:50 PM National Industries approves KWD 14m dividends for 2019

Mubasher: National Industries Group Holding’s general assembly approved the recommended cash dividends distribution of KWD 14.28 million ($46.2 million) or 10 fils per share for 2019, equivalent to 10% of the share’s nominal value. The dividends …

Cash Dividends

5 April 2020 03:37 PM National Industries’ profits soar 134% in FY19; dividends proposed

Mubasher: The net profit of National Industries Group Holding skyrocketed by 134% year-on-year (YoY) during the fiscal year (FY) 2019 to stand at KWD 46.35 million, compared with KWD 19.84 million. The growth in the annual profit was driven by …

Board of Directors

18 February 2020 03:18 PM National Industries’ bond issue fully oversubscribed

Mubasher: The KWD 30 million ($98.6 million) denominated bonds issue of National Industries Group Holding was successfully concluded. The five-year bonds were fully oversubscribed, according to a press release on Tuesday.  The announcement was …

Banking and Finance

12 February 2020 05:07 PM National Industries issues KWD 30m bonds, due in 2025

Mubasher: The National Industries Group Holding has successfully issued non-guaranteed bonds worth KWD 30 million (approx. $98.7 million) on Tuesday, 11 February. The bonds will be matured in five years in 2025, according to a bourse statement on …

Bonds

6 February 2020 06:05 PM National Industries’ KWD 30m bonds assigned ‘BBB-’ rating

Mubasher: The KWD 30 million ($98.9 million) senior unsecured bonds issue of National Industries Group Holding, listed on Boursa Kuwait and Dubai Financial Market (DFM), was assigned a ‘BBB-’ initial rating by Capital Intelligence Ratings (CI …

Ratings

20 January 2020 05:03 PM Three Kuwaiti listed firms win investment opportunity in Jaber Al Ahmad city

Mubasher: Mabanee Co, among a consortium of Kuwaiti companies, received a letter of notification on Monday from the Public Authority for Housing Welfare awarding the investment opportunity “J3” in Jaber Al Ahmad Residential City. As …

Companies Investments

6 November 2019 06:41 PM National Industries turns to losses in Q3

Mubasher: The National Industries Group Holding turned to losses during the third quarter (Q3) of the year, as shown by the company’s financial statements on Wednesday. Losses amounted to KWD 7.39 million ($24.40 million) in Q3-19 compared with …

Financial Results

22 October 2019 02:48 PM CI assigns National Industries’ KWD 30m proposed bond rating

Mubasher: Capital Intelligence assigned an initial provisional rating of 'BBB-' to the upcoming senior unsecured bond issue of the National Industries Group Holding, with a 'Stable' outlook. The five-year bond issue is valued at KWD 30 million and …

Company News

2 October 2019 04:31 PM CMA nods to National Industries’ KWD 30m bond issue prospectus

Mubasher: The Capital Markets Authority (CMA) in Kuwait approved for the National Industries Group Holding, on 1 October, on the private offering prospectus for the issuance of up to KWD 30 million ($99 million) worth of bonds. The company, dually …

Company News

15 September 2019 04:40 PM National Industries receives CMA’s nod to issue KWD 30m bonds

Mubasher: The National Industries Group Holding has received approval from Kuwait’s Capital Markets Authority (CMA) to issue debt securities in the form of bonds at a nominal value not exceeding KWD 30 million ($99 million). These bonds should …

Bonds

31 July 2019 04:02 PM National Industries records KWD 16m profit in Q2-19

Mubasher: The National Industries Group Holding achieved a surge of 153.7% in profits during the second quarter of 2019, compared to the corresponding period last year. The profits of the dual-listed company stood at KWD 16.213 million ($53.4 …

Financial Results

9 May 2019 11:48 AM National Industries’ Q1 profit rises 45.7% on higher investments

Mubasher: National Industries Group Holding reported a 45.7% year-on-year profit hike in the first quarter of 2019. The group’s profits reached KWD 26.992 million ($89 million) in Q1-19, compared to KWD 18.516 million ($61 million) in Q1-18, …

Financial Results

2 May 2019 03:47 PM National Industries to pay KWD 16.3m dividends for FY18

Mubasher: National Industries Group Holding’s shareholders approved the board’s recommendation to distribute KWD 16.32 million ($53.8 million) at 12 per share as cash dividends for 2018 during a general assembly meeting held on Thursday. The …

Cash Dividends

24 March 2019 06:45 PM National Industries incurs KWD 12.43m losses in Q4

Mubasher: National Industries Group Holding, which is listed on Boursa Kuwait and the Dubai Financial Market (DFM) on Sunday reported turning to losses during the fourth quarter of 2018, against generating profits in the year-ago period. The group …

Financial Results

28 October 2018 05:12 PM National Industries Q3 profits jump 248%

Mubasher: National Industries Group Holding achieved a surge of 248% in profits during the third quarter of 2018 compared to the same period a year ago. Earnings leaped to KWD 7.36 million ($24.27 million) in Q3-18 from KWD 2.12 million ($6.99 …

Financial Results

8 August 2018 05:13 PM National Industries Holding H1 profits surge 376%

Mubasher: National Industries Group Holding registered an increase of 205.7% in profits during the second quarter of 2018 compared to the same period in the prior year. Earnings rose to KWD 6.39 million ($21.13 million) in Q2-18 from KWD 2.09 …

Financial Results

14 May 2018 04:23 PM National Industries Holding Q1 profits leap 490%

Mubasher: National Industries Group Holding achieved a surge of 490% in profits during the first quarter of 2018 compared to the same period in the previous year. Earnings jumped to KWD 18.52 million ($61.43 million) in Q1-18 from KWD 3.14 million …

Financial Results

10 May 2018 04:50 PM National Industries nods to 10% dividends for FY17

Mubasher: The ordinary general meeting (OGM) of National Industries Group Holding approved the board’s recommendation to distribute 10% of the capital as cash dividends for fiscal year 2017. National Industries, which is listed on both Boursa …

General Assembly