NIC leads Al Masaken 263.64% capital increase amid strong investor demand

Résumé détaillé

Fahad Abdulrahman AlMukhaizimThe successful completion of Al Masaken’s capital increase, achieving subscription coverage of 148.07% of the total offered share...

The successful completion of Al Masaken’s capital increase, achieving subscription coverage of 148.07% of the total offered shares

The successful capital increase reflects shareholder confidence and positions Al Masaken for a new phase of growth.

KUWAIT: National Investments Company (NIC), in its capacity as Lead Manager and Subscription Agent, announced the successful completion of the capital increase of Al Masaken International Real Estate Development KSCP (Al Masaken) by 263.64 percent, amounting to KD 2.9 million. The subscription achieved a coverage ratio of 148.07 percent, marking a significant milestone in Al Masaken’s capital restructuring journey.

AlMukhaizim added: “At NIC, we reaffirm our commitment to supporting the development of Kuwait’s capital markets by delivering integrated financial and investment solutions and executing strategic transactions that enhance market liquidity and create attractive investment opportunities. We will continue to leverage our expertise to introduce innovative products and services that support the growth and diversification of the Kuwaiti investment landscape, contribute to achieving economic development goals and enhance the competitiveness of the national economy.”

For his part, Ahmed Ghassan Al-Khaled, Chairman of Al Masaken, said: “The successful completion of this increase in issued and paid-up capital marks a pivotal milestone in Al Masaken’s journey, reflecting firm investor confidence in the Company’s long-term growth strategy, management team and future prospects, despite prevailing global economic uncertainty. The process was executed smoothly in full compliance with all legal and regulatory requirements.

NIC was appointed as Lead Manager and Subscription Agent based on its extensive experience and proven track record in managing capital market transactions, including capital increases, public offerings, listings and mergers and acquisitions. The subscription period ran for 15 days, from 4 to 18 October 2026.

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