- Wataniya Investment Fund is one of the largest funds in terms of the volume of assets. It has achieved a good performance, with returns of 27.77%. … to boost its returns to 296.75% since incorporation and distribution of 5% of profits in 2021.
- Al-Darij investment Fund achieved a return of 15.68% through its investment in selective sharia-compliant shares and distribution of 3% of profits for the second half of 2021.
- Zajil Fund for Services and Telecommunications achieved returns of 15.49% and a distribution of 5% profits for the second half of 2021.
- National Investments Company follows an active strategic approach in terms of optimizing long-term returns and minimizing risks.
Thanks to its pioneering efforts, its skilled work team, and successful practical experience, National Investments Company was able to achieve standard performance rates for diversified investment equity funds the company manages by the investment funds management team during 2021 to maintain its position as one of the pioneering investment institutions in Kuwait and the region.
National Investments Company, one of the pioneering investment companies in Kuwait and the region in terms of performance and managed assets, announced that its investment funds succeeded in achieving record performance rates and distributions of cash profits for 2021 to owners of units enrolled in the register of unit holders on March 31, 2022, starting from April 20, 2022.
National Investments Company commended in a press release the outstanding performance of investment funds that the company manages, which reflects the proper approach and prudence of the funds management team, the wide experience at the company and the impressive record of achievements in managing local and regional portfolios and investment funds.
In this context, Hamad Al-Humaidi – Deputy CEO – MENA Sector for Priced Investments at National Investments Company, said Wataniya Investment Fund has achieved a good performance, with returns of 27.77 percent during the year, to boost the fund’s returns to 296.75 percent since incorporation, indicating that the fund aims at investing in Boursa Kuwait. It has maintained its good rank among the category of large-sized funds, which exceeds KD 50 million. The company announced earlier about distribution of cash profits of 5 percent of the nominal value, ie of 50 fils per unit for unit holders for the financial year ended Dec 31, 2021, with a total value of about KD 10 million.
Al-Humaidi said Wataniya Investment Fund, which was established in 2001, is deemed one of the pioneering local funds in terms of performance in the field of investment in stocks listed on the stock exchange, where the fund selects the companies with good performance and distributed among various economic sectors, with the aim of achieving good returns for subscribers.
He added the performance of Wataniya Investment Fund is considered distinct when compared to the size of other funds’ assets. Wataniya Fund is deemed one of the largest investment funds in Kuwait, with net assets valued at KD 158 million. The fund is also concerned with investment in companies’ premium stocks, which have remunerative returns, well-established management and clear future vision, which has a significant impact on stability on the level of its cash distributions and grants.
Al-Humaidi clarified that Al-Darij investment Fund achieved a return of 15.68 percent during the same period. The fund, which was established in 2003, aims at achieving the highest possible return for subscribers through investment mainly in selective shares compliant with the provisions of Islamic sharia for companies listed and not listed on the local market, in addition to expanding investment in Gulf markets.
Remunerative cash profits are distributed with a percentage of 3 percent of the nominal value, ie 30 fils per unit for unit holders, for results of business of second half of the year 2021.
Al-Humaidi mentioned that Zajil Fund for Services and Telecommunications achieved during the same period a good performance which reached 15.49 percent, as the fund aims at achieving the highest possible return through investment mainly in stocks of services and telecommunications compliant with Islamic sharia of companies listed and not listed on the local market and markets of Arab countries.
Al-Humaidi said Zajil Fund targets capital growth and the highest possible return based on balanced risk coefficient, through trading in stocks of telecommunications and services companies compliant with Islamic sharia. It also aims at qualitative distribution between their stocks of telecommunications and services sector companies in Kuwait and throughout the Arab world, based on liquidity, capital growth and cash returns.
The fund is managed by a specialized investment team with wide experience in the field of capital markets. Good cash profits have been distributed of 5 percent of the nominal value, ie 50 fils per unit for unit holders, for profits for the second half of the year 2021.
Al-Humaidi expressed his satisfaction with the good performance achieved by the stock funds of National Investments Company during 2021 compared to the comparative period of the previous year, indicating that successful investment requires availability of a number of essential factors and components, such as investment experience, professional management and intensive and comprehensive follow-up of all news and decisions that affect the financial markets.
Al-Humaidi concluded that National Investments Company is following a strategic and active approach in terms of achieving optimal returns in the long term through reducing the risks involved in the stock markets, therefore achieving the best possible returns for clients, which is confirmed by the performance of funds belonging to the company in 2021.