Dear Shareholders,

Dear shareholders,

It gives me great pleasure, on behalf of my fellow board members, to present to you the annual report for the year 2023, which highlights the overall performance of the company, its activities, and investments both domestically and internationally, inside and outside Kuwait.

The company continued to excel, maintaining progress and delivering the highest level of service to our clients.Furthermore, the company persisted in its efforts to reduce costs and expenses.

The company will continue to focus on operational excellence in the industrial sector as part of the executive management’s pursuit, along with all employees, to achieve the company’s strategic objectives. The company is committed to adhering to the principles of sustainable development in its operational processes by enhancing environmental, health, and safety aspects to continuously improve production and operational processes, aiming to minimize their environmental impact to ensure sustainability, recognizing it as a national and humanitarian responsibility. This includes a focus on our employees and maintaining a positive work environment to ensure their highest performance.

Esteemed Shareholders,

National Industries Company has maintained its position as a leader in the construction materials sector in Kuwait, serving as a key player in providing high-quality construction materials. This achievement is attributed to our commitment to our strategy, reliance on our employees, and the continuous development and diversification of our investment portfolio. We have achieved operational excellence, ensuring continued value creation for our shareholders, resulting in the company’s profits reaching KD 3.8 million.

In light of the company’s financial results, the Board of Directors is pleased to recommend, as part of the agenda for your esteemed assembly, a cash dividend distribution of 10% per share for the fiscal year ending on December 31, 2023.

In conclusion, I extend my heartfelt gratitude to our esteemed shareholders for their trust in their company. Together, we look forward to further success and growth. I also express sincere thanks and appreciation to all the members of the Board of Directors, the executive management, and all employees of the company for their efforts in developing the company, enhancing performance, and achieving returns for the mutual benefit of the company and its valued shareholders.

God grants success,,

Abdulaziz Ibrahim Al-Rabiah
Chairman