NIND gains 8m Kuwaiti dinar of profits in 2014

The National Industries Group Holding (NIND) announced gaining KD eight million of profits with six fils per share in the first six months of 2014, compared to profits of KD 10.4 million with 7.9 fils per share in the same time period of last year.
The company said in a statement on the website of Kuwait Stock Exchange (KSE) that the total of shareholders equity reached KD 427.4 million compared to KD 381.6 million in 2013.
The company added that the total of assets recorded KD 1.37 billion, while liabilities reached KD 801 million in 2014, compared to KD 381.6 million last year.
The company was established in 1960 and enlisted in KSE in 1984 with a capital of KD 135.9 million. NIND operates within the diversified financial sector focusing on multi-sector holdings. It has 34 subsidiaries operating across the Middle East, North Africa, British Islands, Australia, New Zealand and Southern and Central Asia.
Moreover, it participates in the establishment of, lending to and managing of companies, acting as a guarantor for them.