National Investments Company Successfully Leads Capital Increase for International Housing Company for Real Estate Development

Kuwait National Investment Company (KINIC), acting as the Issuance Manager and Underwriting Agent, announced the successful completion of the capital increase for Al Masaken International for Real Estate Development P.J.S.C. (“Al Masaken”) by 263.64%, amounting to 2.9 million Kuwaiti Dinars. The subscription process achieved a coverage ratio of 148.07%, marking a significant milestone in the company’s capital restructuring journey.

Commenting on the occasion, Mr. Fahd Abdulrahman Al-Muheziem, Board Member and Chief Executive Officer of KINIC, stated: “We are proud to have successfully led this important process and supported Al Masaken in completing its capital increase, achieving an oversubscription for all offered shares. This transaction reinforces KINIC’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.”

Mr. Al-Muheziem added: “KINIC continues to reaffirm its commitment 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, Mr. Ahmed Ghassan Al-Khalid, Chairman of the Board of Al Masaken, said: “The successful completion of the capital increase represents a crucial milestone in Al Masaken’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, with 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.”

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

KINIC was appointed as the Issuance Manager and Underwriting Agent due to its extensive experience and distinguished track record in managing and executing capital market transactions, including capital increases, public offerings, listings, and mergers and acquisitions. The subscription period lasted for 15 days, from October 4 to October 18, 2026. The successful completion of the capital increase represents a significant new achievement for both Al Masaken and KINIC, reflecting the resilience of the Kuwaiti financial market and enhancing investor confidence in organized transactions that support corporate growth and create long-term sustainable value.

As one of the leading investment institutions locally and regionally, KINIC reaffirms its ongoing commitment to providing integrated 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 the development of the investment sector.