Watani Investment Company

Watani Investment Company, 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 with a customer-centric approach that provides forward-thinking solutions that address the specific investment needs of investors, both institutional customers and high-net-worth individuals.

Watani Investment Company 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, Watani Investment Company prides itself on a reach and scale that is global, a presence that is regional and a service level that always remains personal.

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.

Nominations and Remunerations Committee

Risk Committee

Audit 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.

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.

Principal Role

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

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

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 99.99% 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)

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

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@nbkwealth.com

Download the NBK Wealth Complaint Form

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