About NIG > Group Companies Overview

GROUP COMPANIES OVERVIEW

STRUCTURE

National Industries Company
48.69%

Pearl National Holding Company
100%

Ikarus Petroleum Industries
72%

Noor Financial Investment Co
50.3%

Combined National Industries Holding Co. for Energy
100%

Economic Holding Co.
100%

Al Durra National Real Estate
100%

National Industries Ceramics
100%

Denham Investment
85%

Eagle Propriety Investment Ltd.
100%

Eagle Investment Ltd
100%

Proclad Group Limited
100%

NIG Guernsey Limited
100%

Pearl Offshore Enterprise Limited
100%

Middle East Chemicals Co. Ltd
60%

Privatization Holding Company
39.76%

Meezan Bank Pakistan
35.25%

Marsa Alam Holding Company
20%

Mabanee Company
18.12%

NIC

National Industries Company (NIC) was established in Kuwait in 1960 to manufacture and market building materials and infrastructure products. NIC remains a leader in the construction and building material sector in Kuwait and GCC due to the expansion of its industrial base and its commitment to a product diversification strategy to guarantee income growth and an increase in shareholders' equity. NIC owns and operates 16 production plants and 2 quarries and employs 1,800 people.

NIC owns and operates a wide variety of factories, including facilities for manufacturing stones and decoratives, concrete pipes, ready mix, plastic, HDPE pipes, white blocks, ceramics, interlocks, cladding and mortar, paint and lime powder.

Noor Financial Investment Co.

Noor Financial Investment Company (NOOR) is an investment and financial services company based in Kuwait. The company has further expanded its enterprise beyond Kuwait by engaging in activities throughout the Middle East, Asia and several other emerging markets

Noor Financial Investment Co. is a proven leader featuring exemplary expertise in investment banking, asset management and risk management. The company provides clients with a wide array of products and services which include advisory assignments for mergers and acquisitions, corporate defense support, restructurings, management of client portfolios and management of risk architecture while adhering to the prescribed policy limitations.

Ikarus Petroleum Industries

Ikarus Petroleum Industries is well established as a leading investor in the energy industry throughout the Middle East. Ikarus is led by a highly knowledgeable team of industry professionals with a wealth of expertise in the energy industry. The Middle East region is rapidly growing as a global center in the production of energy and petrochemicals with Ikarus leading the way. The company was incorporated in the State of Kuwait and was listed on the Kuwait Stock Exchange in 2008. Ikarus was founded by National Industries Group (NIG) which is the largest and longest running public sector industrial company in Kuwait. NIG continues to be a major company shareholder which guarantees reliable financial support for all of Ikarus’s endeavors.

Ikarus Petroleum Industries is a primary shareholder in many of the leading petrochemical manufacturers, including Sipchem, International Acetyl Co., International Vinyl Acetate Co. and Tasnee. The professional team at Ikarus brings a wealth of expertise and experience to its investment strategies. The company has developed plans for a substantial increase in shareholder equity by 2014 through the creation of a focused energy operating group.

Proclad Group International

Proclad Group continues with its strategy to be a technology driven company with its innovative technology and processes, providing niche products and services to the Oil & Gas industry. Proclad has continued to develop by investing more in Research and Development activities.
This strategy and unique business model has provided Proclad Group with many advantages in the market place which has resulted in winning several prestigious projects. All API certifications and industry related approvals and client recognition of our new Product Mechanically Bonded Hydro formed Clad Line Pipe have been achieved during the year. We should see the fruits of this achievement in the upcoming years. This will lead us to develop the liner in-house and add more value to the product.
Proclad Group will continue with its major traditional business of manufacturing and supplying the Weld Overlay Cladding by serving the Oil & Gas markets the North Sea, CIS, South East Asia, Australasia and MENA region. With a promising order book across the locations.

Al Durra National Real Estate

Al Durra National Real Estate Company was established in 2005 to provide leadership in the expanding real estate industry throughout the GCC countries and the MENA region. The company secures the latest information about market trends to ensure the continuity of its innovative development and accelerated growth. Al Durra is committed to providing a top level of professionalism in all of their work by utilizing the highest expertise in the real estate sector Al Durra looks forward to continued growth through several strategic alliances in the GCC and MENA real estate sectors.

Al Durra National Real Estate company is involved in every facet of the real estate industry, including purchasing, developing and selling both properties and land. Al Durra is also a leader in property maintenance throughout the region.

Additionally, the company is committed to their management and operating endeavors, including their involvement with hotels, clubs, residential properties, resorts, sporting stores, restaurants, galleries, parks and gardens.