'National Investments' Successfully Leads Capital Increase for 'Rawahi Holding'

As the Issuing Manager and Underwriting Agent, achieving subscription coverage exceeding the total offered shares

Fahad Abdulrahman Al-Makhzoum: The successful completion of the capital increase and achieving coverage exceeding 104.37% of all offered shares

Abdullah Mohammed Al-Otaibi: The success of the capital increase reflects shareholders’ confidence and supports “Rawahal’s” launch into a new phase of growth

Rawahal Holding Company (“Rawahal”), in collaboration with National Investments Company, announced the successful completion of its capital increase process, amounting to 4.5 million dinars. This strategic step marks a significant milestone in Rawahal’s efforts to restructure and strengthen its financial position, following operational losses incurred due to the repercussions of the coronavirus pandemic.

National Investments Company led the capital increase process for Rawahal’s issued and paid-up capital, with a subscription rate of approximately 123.84%. Acting as the Issuing Manager and Underwriting Agent, the company complied with all applicable regulatory requirements and conditions. The subscription process recorded a coverage rate of 104.37%, reflecting strong investor confidence in the company’s robustness and future plans, and underscoring their support for its growth strategy despite current global economic challenges.

Full Coverage of the Offering

On this occasion, Fahad Abdulrahman Al-Makhzoum, Board Member and Chief Executive Officer of National Investments Company, stated: “We are proud to lead this landmark process as the Issuing Manager and Underwriting Agent, and to successfully contribute to the completion of Rawahal Holding Company’s capital increase, achieving coverage that exceeded all offered shares. This achievement exemplifies National Investments Company’s leading position in executing capital market transactions, built on its deep expertise, the efficiency of its personnel, and its commitment to the highest standards of professionalism and governance. Our team managed the subscription process with high efficiency through continuous communication with current and potential investors, ensuring the smooth and transparent execution of the operation, which contributed to achieving full coverage of the offering.”

Al-Makhzoum added: “National Investments Company continues its commitment to consistently supporting the development of Kuwait’s capital markets by providing comprehensive financial and investment solutions, and executing strategic transactions that enhance liquidity and provide 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 objectives, and enhance the competitiveness of the national economy.”

A Key Milestone in Rawahal’s Journey

For his part, Abdullah Mohammed Al-Otaibi, Chairman of the Board of Rawahal Holding Company, said: “The successful completion of the capital increase represents a significant milestone in Rawahal’s journey, confirming the confidence that shareholders and investors place in the company’s future. The process was executed smoothly, with full compliance with all legal and regulatory requirements. We extend our thanks to our shareholders, regulatory authorities, and all participating parties for their continuous support throughout this important process.”

Al-Otaibi added: “The proceeds from the capital increase will be utilized with a strategic vision to strengthen the company’s financial position and support its future growth plans. Additional financial support will be provided to one of its subsidiaries to enhance its operations and expand its transport fleet by purchasing additional buses, in addition to funding working capital needs.”

Enhancing Investor Confidence

National Investments Company was appointed as the issuing manager and underwriting agent, owing to its extensive experience and proven track record in managing and executing capital market operations, including capital increases, public offerings, listings, and mergers and acquisitions. The subscription period lasted 15 days, from June 21 to July 5, 2026. The successful completion of the capital increase represents a significant new milestone for both Rawahal Holding Company and National Investments Company, reflecting the robustness of Kuwait’s capital markets and enhancing investor confidence in structured transactions that support corporate growth and the creation of long-term sustainable value.

As one of the leading investment institutions locally and regionally, National Investments Company reaffirms its ongoing commitment to delivering integrated and innovative investment solutions grounded in a deep understanding of markets and client needs, while striving to achieve sustainable growth and create long-term value, alongside adherence to the highest standards of governance and transparency, thereby reinforcing its position as a trusted partner in the development of the investment sector.