Watani Investment Company (NBK Capital) and OTC 346 Watani Financial Brokerage Company (WFBC), both subsidiaries of the National Bank of Kuwait Group, have completed their merger by way of consolidation, with NBK Capital being the surviving (merging) entity and WFBC being the merged entity.

This step follows the approval of the Capital Markets Authority (CMA) to proceed with the merger in accordance with the procedures outlined in Annex No. 1 of Module Nine (Mergers and Acquisitions) of the Executive Bylaws of Law No. 7 of 2010 regarding the establishment of the CMA and the regulation of securities activity and its amendments.

Commenting on this development, Mishari Al-Wazzan, Head of Brokerage at NBK Capital, stated: “The merger between NBK Capital and Watani Financial Brokerage will positively impact clients of both companies on multiple levels. With the integration of trading and investment services under one umbrella, clients will now have access to a comprehensive investment platform that combines a variety of investment and trading services.”

Al-Wazzan added: “This move will also enhance the trading services provided by NBK Capital post-merger and streamline processes and operations. It will leverage current and future digital solutions, improve the client experience and offer greater accessibility to diverse investment solutions. Additionally, the merger will enable NBK Capital clients trading on Boursa Kuwait to access brokerage services through the National Bank of Kuwait’s widespread branch network across the country, as well as through NBK Capital’s offices at Boursa Kuwait, ensuring better, faster, and easier service delivery.”

NBK Capital, established in 2005, is considered one of the region’s leading investment firms. It is committed to providing top-tier investment services and products tailored to meet the diverse needs of investors.

The firm leverages its broad local and regional expertise, supported by the strength, resources, and global network of the National Bank of Kuwait—one of the oldest and largest financial institutions in the region—to deliver integrated, value-added solutions, innovative products, objective research, and exceptional service.

With a team of over 120 investment professionals, the company boasts a strong regional presence and access to global markets.