NIC holds Ordinary General Assembly to elect new Board of Directors for upcoming term

13/10/2025 06:53 AST

The National Investments Company (NIC) held its Ordinary General Assembly meeting on Thursday, October 9, 2025, at the company's headquarters in Khaleejia Tower, with an attendance rate of 74.202 percent. The meeting agenda included a single item, the election of the members of the Board of Directors for the new three-year term (2025-2026-2027).

Following the voting process, the results led to the re-election of five members for the new term: Khaled Waleed Al-Falah, Bader Nasser Al-Kharafi, SAK Real Estate Company, represented by Anas Khaled Al-Saleh, Taibah Mohammad Al-Qatami, and Al-Bawaba Al-Watania General Trading & Contracting Company, represented by Fahad Abdulrahman Al-Mukhaizim. These members represent a distinguished group of professionals with extensive experience and expertise in investment, finance, and business management.

The newly-elected Board of Directors subsequently convened and resolved to form the Board as follows:

Khaled Waleed Al-Falah Chairman of the Board

Bader Nasser Al-Kharafi Vice Chairman of the Board

Anas Khaled Al-Saleh Board Member of the Board

Taibah Mohammad Al-Qatami Board Member of the Board

Fahad Abdulrahman Al-Mukhaizim Board Member of the Board

On this occasion, Khaled Al-Falah, Chairman of the Board, expressed his appreciation for the shareholders' confidence in the newly elected Board. He emphasized his commitment to continuing the company's development journey, maintaining its strategic direction, expanding the asset base under management, and diversifying income sources in line with the evolving local, regional, and international markets.

Al-Falah further affirmed that the Board of Directors is dedicated to completing the implementation of the company's comprehensive strategic plan for 2025, which extends over three years and was developed in collaboration with a leading global management consulting firm. This ambitious plan serves as an integrated roadmap aimed at strengthening the company's position and reinforcing its leadership across various sectors. The plan focuses on key pillars including institutional development, digital transformation, operational efficiency, and enhancing the quality of services provided to clients and shareholders.

He added that the Board is keen to establish the general framework for executing this strategy through the company's executive management, ensuring the achievement of the targeted goals with high efficiency and in accordance with the highest professional standards. The coming period, he noted, will witness concrete initiatives and strategic projects designed to promote sustainable growth and bolster the company's standing in both the local and regional markets.

Al-Falah also highlighted that the company and its Board of Directors remain committed to developing integrated investment solutions and creating new opportunities that support NIC's leading position in the investment sector. The company continues to focus on generating added value for shareholders and clients through its extensive expertise and strategic partnerships. Furthermore, the Board seeks to strengthen the principles of good governance and transparency across all company operations, ensuring sustainable performance and long-term positive results.

Kuwait Times