National Industries Group - NIND.DFM

Activities

National Industries Group (NIG) is a group of companies located in Kuwait and traded on both the Kuwait Stock Exchange and the Dubai Financial Market. The company started out as a building material manufacturing company, but today NIG has transformed into an international conglomerate with a range of investments made in different sectors, companies and subsidiaries. Through its subsidiaries, NIG engages in the investment, building material, specialist engineering, and hotel and IT businesses both in Kuwait and internationally. The company offers building materials, including stones and decorative, concrete pipes, ready mix, plastic, HDPE pipes, white blocks, ceramics, interlocks, cladding, mortar, paints, lime powder and petrochemical products. NIG's portfolio of companies also include investment banking, asset management, and risk management services; and weld overlay cladding for oil and gas markets. The company also purchases, develops, and sells properties and land. International ventures established by NIG outside Kuwait include companies and subsidiaries in countries like Germany, France and UK. NIG mainly comprises of: asset management department, direct investment department, accounting and finance department, corporate affairs department which handle the admin, procurement & share registry of the company, in addition to risk management/internal auditing department and IT department. Established in 1960, the company started with the launch of National Industries Company, still a major source of revenue for the N.I. Group. This single industrial company led to the establishment of other companies like Kuwait Asbestos, Petrochemical Industries Company, Kuwait Prefabricated Building Company, Kuwait Pipe Industries and Oil Services Company, and eventually resulting in the establishment of NIG itself.