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NBK Wealth

Watani Investment Company

Introduction

NBK Capital, a leading investment firm in the region, established in 2005, sets the standard in growth-focused innovative financial products and services. A world-class investment house, NBK Capital’s customer-centric approach provides forward-thinking solutions that address the specific investment needs of investors, both institutional customers and high-net-worth individuals.

 

NBK Capital leverages local and regional experience and expertise by combining the strengths, resources and global network of the National Bank of Kuwait S.A.K.P, one of the largest and oldest financial institutions in the region, with best-in-class investment structuring and execution, on a broad array of financial strategies to consistently deliver integrated value-added solutions, innovative products, objective research, creative thinking, timely implementation and excellence in service.


Operating regionally from Kuwait, UAE, Bahrain, and Turkey, and with over 179 investment professionals, NBK Capital prides itself on a reach and scale that is global, a presence that is regional and a service level that always remains personal.

Services and Products

  • 01 Asset Management

  • 02 Trading Solutions

  • 03 Digital Solutions

Board of Directors

Board Committees

NBK Capital is committed to best-in-class practices of corporate governance in line with our longstanding dedication to professionalism, customer service and transparency. We ensure consistent growth, stability and the highest standards through compliance with all government regulations and requirements.

In compliance with the requirements of the Capital Markets Authority in the State of Kuwait (CMA) concerning corporate governance, the Board of Directors of Watani Investment Company KSCC (“NBK Capital”) is supported by three committees. The Board of Directors of NBK Capital approved the charters of its Board Committees. The responsibilities of each Board Committee are specified in its charter in line with the requirements of the CMA concerning corporate governance.

The Board Committees are:

Nominations and Remunerations Committee

Risk Committee

Audit Committee

Nominations and Remunerations Committee

Principal Role

 

The principal role of the Nominations and Remunerations Committee is to prepare recommendations pertaining to nominations for membership of the Board of Directors and executive management and recommendations pertaining to the policies and bylaws that regulate the payment of compensations and remunerations.

 

Nominations and Remunerations Committee -Composition

Risk
Management Committee

Principal Role

 

The principal role of the Risk Management Committee is to draw the risk management policies and bylaws in line with the risk appetite of the company.

Composition

Audit Committee

Principal Role

 

The principal role of the Audit Committee is to ensure the soundness and integrity of the financial reports and internal control systems.

Composition

Executive Management

Corporate Governance

NBK Capital has given considerable importance to Corporate Governance practices as a basis for its future development and performance and is committed to applying the rules issued by the Capital Markets Authority on corporate governance and the highest standards of professional competence in all its activities

Financial Summary

Watani Investment Company KSCC (“NBK Capital”) is a Kuwaiti closed shareholding company established in the State of Kuwait on 8/6/2005 under the Commercial Companies Law No. 15 of 1960 repealed by the Companies Law No. 25 of 2012 (amended by Law No. 97 of 2013) repealed by the Companies Law No. 1 of 2016.

Watani Investment Company is registered with and licensed by the Ministry of Commerce and Industry. It is also licensed and regulated by the Capital Markets Authority.

The issued and paid-up capital of the company is KD 15,620,000. National Bank of Kuwait S.A.K.P. is the main shareholder in the company with an interest amounting to 99.93% of the company’s capital.

The total Assets Under Management as of 31 December 2022 excluding brokerage and custody services was KD2.4 billion (US$7.8 billion)

The financial statements of the company are consolidated within the financial statements of its parent company (National Bank of Kuwait S.A.K.P.) which may be accessed at: nbk.com/nbk-group/investor-relations.html

The external auditor of NBK Capital is Mr. Abdulkareem AlSamdan, Ernst & Young (Al Aiban, Al Osaimi & Partners)

Legal Documents

Articles of Association
Memorandum of Association
Amendment to AOA-MOA

Whistleblowing
email address

If an external party or an employee believes that the Company is in breach of a policy, or any applicable law or regulatory requirements a written notice may be filed by filling out the attached Whistle Blowing form and submitting the same with supporting documents via the following email address:

whistleblowing@nbkcapital.com or by sending the form to the below address:

Compliance Department

P.O. Box 4950 Safat 13050, Kuwait 35th Floor, NBK Tower
Block 7, Plot 6, Sharq Area, Jaber Al-Mubarak & AlShuhada Street

Download the Whistle Blowing Form

Clients’
Complaints

If you have any complaints, please contact NBK Capital Complaint Unit:
Watani Investment Company K.S.C.C.
P.O. Box 4950 Safat 13050, Kuwait 35th Floor, NBK Tower
Block 7, Plot 6, Sharq Area, Jaber Al-Mubarak & AlShuhada Street.

Tel: +965 22006421

E-mail: Complaint-unit@nbkcapital.com

Download the NBK Capital Complaint Form

Privacy Policy

Private Statement

 

nbkwealth.com has created this privacy statement in order to demonstrate our firm commitment to privacy. We shall never sell your personal information to other companies for their independent marketing purposes. We maintain physical, electronic and procedural safeguards to prevent unauthorized access to your personal information and to protect you against the criminal misuse of that information. We restrict access to your account(s) to only those employees involved in providing the services you’ve requested.
The following discloses our information gathering and dissemination practices for the nbkcapital.com website.

IP Address and Cookies

Your IP address may be used to gather broad demographic information. In order to provide better service, we may use “cookies”. Our site may use cookies for administrative purposes and to enhance your online experience by keeping track of your behavior within the site and to make sure you do not see the same special offers repeatedly. Your contact information may be used by Watani Investment Company K.S.C.C (NBK Capital) to contact you when necessary. Users may opt-out of receiving future mailings. (see the Choice section below)

Links to Third Party Sites

This site may contain links to other sites. Third party websites have different privacy policies and/or security standards governing their sites, we advise you to review the privacy policies and terms and conditions of these sites prior to providing any personal information. Links to non-nbkcapital web sites are provided solely for information purposes. If you choose to access such sites nbkcapital.com is not responsible for the privacy practices or the content of such sites.

Security

While we have security measures in place to prevent the loss, misuse and alteration of the information under our control and while we have appropriate firewalls in place to block unauthorized access to any user data stored on our servers, we shall not be responsible for any loss, misuse, alternation, or unauthorized access to any such information or data.

Choice

When we request information about you, you are given the choice not to receive communications from our partners. You may remove your information from our database, choose not to receive future communications, or terminate any of our services.If you have any questions about this privacy statement or the practices of this site, please contact  webmaster@nbkwealth.com

Disclaimer

The information, opinions, tools, and materials contained in this website (the “Content”) are not addressed to, or intended for publication, distribution to, or use by, any individual or legal entity who is a citizen or resident of or domiciled in any jurisdiction where such distribution, publication, availability, or use would constitute a breach of the laws or regulations of such jurisdiction or that would require Watani Investment Company KSCC (“NBK Capital”) or its parent company, its subsidiaries or its affiliates (together “NBK Group”) to obtain licenses, approvals, or permissions from the regulatory bodies or authorities of such jurisdiction. The Content, unless expressly mentioned otherwise, is under copyright to NBK Capital. Neither the Content nor any copy of it may be in any way reproduced, amended, transmitted to, copied, or distributed to any other party without the prior express written consent of NBK Capital. All trademarks, service marks, and logos used in this report are registered trademarks.

The Content is provided for general circulation and promotional purposes only. No representation or warranty, express or implied, is given by NBK Capital or any of its respective directors, partners, officers, affiliates, employees, advisors, or representatives that the investment referred to in this document is suitable for you or for any particular investor. Some statements included express opinions that should not be construed as a financial advice.

If you are in doubt about such investment, we recommend that you consult an independent investment advisor since the investment contained or referred to on this website may not be suitable for you and NBK Capital makes no representation or warranty in this respect.

The Content shall not be considered investment, legal, accounting, or tax advice or a representation that any investment or strategy is suitable or appropriate for your individual circumstances or otherwise constitutes a personal recommendation to you. NBK Capital does not offer advice on the tax consequences of investments, and you are advised to contact an independent tax adviser.

The information and opinions contained on this website have been obtained or derived from sources that NBK Capital believes are reliable without being independently verified as to their accuracy or completeness. NBK Capital believes the information and opinions expressed on this website are accurate and complete; however, NBK Capital gives no representations or warranty, express or implied, as to the accuracy or completeness of the Content. Additional information may be available upon request.

NBK Capital accepts no liability for any direct, indirect, or consequential loss arising from the use of the Content. This website is not to be relied upon as a substitution for the exercise of independent judgment. In addition, NBK Capital may have issued, and may in the future issue, other websites or reports that are inconsistent with and reach different conclusions from the information presented on this website. Those reports reflect the different assumptions, views, and analytical methods of the analysts who prepared the reports, and NBK Capital is under no obligation to ensure that such other reports are brought to your attention.

NBK Capital may be involved in many businesses that relate to companies mentioned on this website and may engage with them. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. Information, opinions, and estimates contained on this website reflect a judgment at original date of publication by NBK Capital and are subject to change without notice.

The value of any investment or income may fall as well as rise, and you may not get back the full amount invested. Where an investment is denominated in a currency other than the local currency of the recipient of the document, changes in the exchange rates may have an adverse effect on the value, price, or income of that investment. In the case of investments for which there is no recognized market, it may be difficult for investors to sell their investments or to obtain reliable information about their value or the extent of the risk to which they are exposed. Investors should consider these risks before investing:

There is no guarantee that the investment objective will be achieved. Securities prices may fall or fail to rise for several reasons, including and not limited to general financial market conditions, changing market perceptions of the risk of default and issuer-specific events. These factors may also lead to periods of high volatility and reduced liquidity in the securities’ markets.

NBK Group may have a financial interest in one or NBK Group may have a financial interest in one or any of the securities that are the subject of this document. Funds managed by NBK Group may own the securities that are the subject of this website. NBK Group may own units in one or more of the aforementioned funds.

NBK Group may be in the process of soliciting or executing fee-earning mandate or doing business for companies that either are the subject of this document or are mentioned in this document. As a result, you should be aware that NBK Group might have material conflict of interest that could affect the objectivity of this document.

NBK Capital undertakes that no necessary information about the investment subject of this document has been omitted.

Data is provided by financial exchanges and may be delayed by financial exchanges or our data providers. NBK Capital does not verify any data and disclaims any obligation to do so.

NBK Capital, its data or content providers, the financial exchanges and each of their affiliates and business partners (A) expressly disclaim the accuracy, adequacy, or completeness of any data and (B) shall not be liable for any errors, omissions or other defects in, delays or interruptions in such data, or for any actions taken in reliance thereon. Neither NBK Capital nor any of our information providers will be liable for any damages relating to your use of the information provided herein. As used here, “business partners” does not refer to an agency, partnership, or joint venture relationship between NBK Capital and any such parties.

Either NBK Capital or its third-party data or content providers have exclusive proprietary rights in the data and information provided.

NBK Wealth
Asset Management

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