(MENAFN - Kuwait News Agency (KUNA)) National Investments Company (NIC) has posted net profits worth KD 5.6 million in the first nine months of 2012, compared to KD 1.25 million in 2011.
The company's total equity hit KD 181.8 million in Septmeber 2012 against roughly KD 193.5 million in the same period last year, the company said in a release on the website of the Kuwait Stock Exchange (KSE) on Wednesday.
National Investments' assets amounted to KD 189 million, while liabilities totaled KD 7.3 million compared to KD 27.6 million in the reported period.
Established in 1987, National Investments Company is a leading Kuwaiti investment house publicly traded on the Kuwait Stock Exchange and licensed and regulated by the Central Bank of Kuwait.
NIC's activities involve fund and portfolio management, corporate finance, private equity, real estate investments, and treasury services and currently manages in excess of KD 2.135 billion (USD 7.653 billion) for its investor clients.