'National Investments' leads capital increase for 'Al-Masaken'

National Investments Company, in its capacity as Issuance Manager and Underwriting Agent, announced the successful completion of a capital increase for International Housing for Real Estate Development K.S.C.P. (Housing) by 263.64%, amounting to KD 2.9 million. The subscription achieved an oversubscription ratio of 148.07%, marking a significant milestone in the company’s capital restructuring journey.

On this occasion, Fahad Al-Muhezeim, Board Member and CEO of National Investments Company, stated: “We are proud to have successfully led this important process and supported Housing in completing its capital increase, achieving an oversubscription surplus for all offered shares. This transaction reinforces National Investments Company’s extensive and distinguished track record in executing capital market transactions in accordance with the highest standards of professionalism, efficiency, and execution quality. Our team worked closely with current and potential investors throughout the subscription period, ensuring a smooth process and ultimately achieving full subscription coverage.”

Al-Muhezeim added: “At National Investments Company, we remain committed to continuously supporting the development of the Kuwaiti capital market by providing comprehensive financial and investment solutions and executing strategic transactions that enhance liquidity and create promising investment opportunities. We will continue to leverage our expertise to offer innovative products and services that support the growth of the Kuwaiti financial market, contribute to achieving economic development targets, and strengthen the competitiveness of the national economy.”

For his part, Ahmed Al-Khalid, Chairman of the Board of Housing, said: “The successful completion of the capital increase represents a crucial milestone in Housing’s journey, reflecting strong investor confidence in the company’s long-term growth strategy, its management team, and its future prospects, despite prevailing global economic uncertainty. The process was executed smoothly in full compliance with all legal and regulatory requirements. We extend our gratitude to our shareholders, regulatory authorities, and all participating parties for their continuous support throughout this important process.”

Al-Khalid added: “The proceeds from the capital increase will be utilized to support the company’s operations and to acquire several investment opportunities in the real estate sector in Kuwait and the Gulf Cooperation Council countries.”

National Investments Company was appointed as Issuance Manager and Underwriting Agent due to its extensive experience and distinguished track record in managing and executing capital market operations, including capital increases, public offerings, listings, and mergers and acquisitions. The subscription period lasted for 15 days, from October 4 to October 18. The successful completion of the capital increase represents a significant new achievement for both Housing and National Investments Company, reflecting the robustness of the Kuwaiti financial market and enhancing investor confidence in structured transactions that support corporate growth and create long-term sustainable value.

As one of the leading investment institutions locally and regionally, National Investments Company reaffirms its ongoing commitment to providing comprehensive and innovative investment solutions based on a deep understanding of markets and client needs, while striving to achieve sustainable growth and create long-term value. This commitment is underpinned by adherence to the highest standards of governance and transparency, reinforcing its position as a trusted partner in developing the investment sector.