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DUBAI: In this Sept 22, 2015 photo, with the Marina Waterfront skyline in the background, laborers work at a construction site at the Palm Jumeirah. — AP
DUBAI: In this Sept 22, 2015 photo, with the Marina Waterfront skyline in the background, laborers work at a construction site at the Palm Jumeirah. — AP
Expats trapped by debts amid slowdown in Gulf

KUWAIT: In a meeting held on Monday, March 4, 2024, the National Investments Company’s Board of Directors unanimously approved the reformation of the Chairman and Vice Chairman positions, with Khaled Waleed Al-Falah as Chairman of the Board of Directors and Bader Nasser Al-Kharafi as Vice Chairman of the Board of Directors.

Al-Falah expressed his gratitude upon gaining the trust and confidence of members of the Board, stressing his desire and efforts to continue implementing the company’s prudent strategy and maintaining the solidity of its financial position. “The company continues to create new paths to enhance its leading position by making a sustainable impact and expanding its diverse services in various sectors locally and regionally,” he added.

Khaled Waleed Al-Falah
Khaled Waleed Al-Falah

Khaled Al-Falah has extensive experience in the financial services, industrial and investment banking sectors. He is the Business Development Manager at Mohammed Abdulmohsin Al-Kharafi & Sons, Vice Chairman and CEO of MENA Capital, Board of Director at Boursa Kuwait Securities Company and Bahrain Steel Company, and Executive Committee Member of Foulath Holding Company.

The National Investments Company has been one of the leading investment companies in Kuwait since 1987. It has a proven track record of success and plays an active and vital role in various local, Gulf, and international sectors. The NIC Board of Directors consists of Khaled Waleed Al-Falah, Bader Nasser Al-Kharafi, Anas Khaled Al-Saleh, Taibah Mohammed Al-Qatami, and Fahad Abdulrahman Al-Mukhaizim.

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