National Industries sells some of foreign investments

Dubai: National Industries Company (NIC) said on Sunday it has sold some of its foreign investments funds for 46.946 million Kuwaiti dinars (Dh588.8 million), and achieved a profit of 15.496 million dinars.

The revenues will be registered in the budget of the group as of December 31.

NIC owns and operates 16 production plants, 2 quarries, with 1,800 employees, according to its website. The company has kept pace with the construction and building movement in Kuwait by expanding the industrial base within the concept of supporting product diversification strategy to ensure the maintenance of income and shareholders’ equity.