Subsidiaries

About Us

Material Subsidiaries	Country of Incorporation	% Holding	Principal activities
International Infrastructure Holding Company K.S.C. (Closed)	Kuwait	99.00	Investments
National Investment Company S.A.L.	Lebanon	100.00	Property Development
Al-Bawaba Al-Watania General Trading and Cont. Co. W.L.L.	Kuwait	99.00	Trading and Contracting
National Gate for Computer Systems Company K.S.C. (Closed)	Kuwait	99.33	Information Technology
National Investment Co. Holding S.A.L.	Lebanon	99 .00	Investments
Al Mada Investment Fund	Bahrain	49.54	Investments
NIC Pipe	Cayman Island	92.50	Investments
Mena Capital Holding Company K.S.C. (Closed)	Kuwait	59.33	Investments
Al Waseet Financial Business Company K.S.C. (Closed)	Kuwait	65.17	Investment Brokerage Services

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