- Business
- National Industries Group Holding - KPSC (NIG Holding) is a diversified industrial conglomerate that, through its subsidiaries, engages in building materials manufacturing and sales, petrochemicals, oil and gas services, mechanical industries, utilities, real estate, infrastructure development, and financial services primarily in Kuwait and internationally. The company operates across four main segments: Investment; Building Materials and Contracting services; Specialist Engineering; and Hotel and IT Operations, offering products including stones and decorative items, concrete pipes, ready-mix concrete, plastic and high-density polyethylene (HDPE) pipes, white blocks, ceramics, interlocks, cladding and mortar, paints, lime powder, as well as petrochemical products and basic chemicals; it also provides investment advisory for mergers, acquisitions and restructurings, portfolio management, niche oil and gas engineering services, property development and maintenance, construction contracts, hotel operations, and IT services. Key subsidiaries encompass National Industries Company (NIC) for building materials and infrastructure products such as sand lime, limestone, large-diameter concrete pipes, HDPE pipes, and ceramics; Noor Financial Investment Company for investment and financial services; Proclad Group for oil, gas, and energy engineering solutions; Ikarus Petroleum Company for petrochemical manufacturing; Eagle for financial advisory, corporate finance, and principal investing; and Al Durra National Real Estate Company for property development, sales, maintenance, and operations of hotels, resorts, and related facilities. Founded in 1960 and headquartered in Kuwait City, Kuwait, NIG Holding generates the majority of its revenue from the Kuwait region while maintaining operations and investments across the Middle East, Europe, North America, Asia, and other emerging markets. In recent developments, the company reported strong financial performance with earnings growth of 49.2% over the past year and a robust Q1 2025 for its National Investments Company subsidiary, which saw shareholders' equity rise 8.5% to KD 214.1 million amid expansions in financial advisory, mezzanine investments in logistics (Germany) and residential sectors (USA), and strategic pursuits of mergers, acquisitions, partnerships, and regional distribution networks.