NBK Capital
The Middle East’s 30 Biggest Asset Managers 2021

Rank: 11

NBK Capital

Country: Kuwait

CEO: Nabil Maroof

Date of Establishment: 2005

AUM: $6.5 billion

NBK Capital operates in Kuwait, Saudi Arabia, the U.A.E., Bahrain, Turkey, and Egypt. It is 5.6% owned by the Public Institution for Social Security, and it recorded $6.5 billion in assets under management in 2020. Last year, NBK advised on the listing of Shamal Az Zour on Boursa Kuwait, making it the first power generation and water desalination company in Kuwait and the first PPP project to list on the Kuwait stock exchange. In February 2021, Saudi’s Public Investment Fund became an anchor investor in a new $300 million sharia-compliant credit fund launched by NBK Capital Partners, the company’s alternative investments unit.