Who we are

Watani Wealth Management Company (NBK Wealth Management) is a Single Shareholder Closed Joint Stock Company with a paid up capital of SAR 90 million. The Company is fully owned by the National Bank of Kuwait (NBK) one of the largest and oldest financial institutions in the region and one of the highest-rated banks in the Middle East. NBK Wealth Management was incorporated on September 10th, 2017 and began its operations on September 20th, 2018.

NBK Wealth Management is a full-fledged regional investment firm licensed by the CMA. The main business lines include Wealth Management, Asset Management, Investment Banking and Brokerage. NBK Wealth Management prides itself by its global scale and reach, regional focus, and its excellent service.

The National Bank of Kuwait was established in 1952. Since its incorporation as Kuwait’s first indigenous bank and the first shareholding company in the entire Gulf region, NBK has been known as “The Bank You Know and Trust.” It has been ranked amongst the safest 50 banks in the world every year since 2009. The most recent credit ratings for NBK were AA- by Fitch, Aa3 by Moody's and A+ by Standard & Poor's.

NBK stands out with its local and international network, which includes branches, subsidiaries and representative offices in New York, Geneva, London, Paris, Turkey, China and Singapore, alongside its regional presence in Egypt, Lebano

Board of Directors

  • Mr. Tariq Mutlaq Al-Mutlaq Chairman- Independent

  • Mr. Isam Jassim Al-Sager Vice Chairman

  • Mr. Faisal Abdlatif Al-Hamad Board Member

  • Mr. Malek Jean Khalife Board Member

  • Mr. Nabil Naif Maroof Board Member

  • Mr. Sinan Esmat Al-Saady Board Member- Independent

  • Mr. Faisal Mohammed Shaker Board Member- Independent

Key People

  • Musaad Al-Sudairy Chief Executive Officer

  • Fahad Kurdi Executive Director
    Head of Wealth Management

  • Waleed Al-Nekhaish Executive Director
    Acting Head of Asset Management

  • Hazem Al-Joudi Director
    Regional Head - Wealth Management

  • Ahmed Al-Qatari Director
    Head of Equities

  • Montaser Foudah Director
    Head of Risk, Compliance, MLR and Board Secretory

  • Hikmat Nassar VP
    Head of Finance

  • Mahmoud AlWadeiah AVP
    Head of Information Technology

  • Roba Al-Hossaini AVP
    Head of Custody and Operation