Nafais Holding Company K.S.C.

What Nafais Holding Company K.S.C. does

Nafais Holding Company K.S.C. is a publicly listed Kuwaiti shareholding company that operates as a diversified, Sharia-compliant investment holding entity. Its stated capital base is KD 16.9 million and it maintains a concentrated ownership structure led by Securities Group k.s.c.c at 72.382% and National Investments Co. at 19.158%, with NBK Capital and Mawared United Investment Co. holding minor stakes. The company is headquartered in the Sharq district of Kuwait City and lists on the Kuwait Stock Exchange, with a corporate website at nafais.com.kw.

The company invests across three core verticals. In Education, it holds the Educational Holding Group, which owns Gulf University for Science and Technology (GUST), the American Creativity Academy, Gulf English School, Al Takamul School, Knowledge Village, and Al Malee Educational Services. In Healthcare, it operates the Al Mowasat Healthcare Company and New Mowasat Hospital, the latter currently expanding into distributed preventative care via a center at Al Manshar Mall with a target of six total facilities plus the main hospital. In Financing and Investment, it runs Athman Investment Company, a Sharia-compliant third-party asset management arm with a publicly stated target of US$ 2 billion in accumulated AUM, alongside subsidiaries such as Mowasat Real Estate and Eyas Holding.

The business model is a traditional holding-company structure: the parent generates revenue indirectly through subsidiary dividends, management fees, and equity participation, with no disclosed SaaS, transaction, or licensing model. Go-to-market is entirely through its operating subsidiaries rather than direct sales, and it does not maintain any disclosed app, API, or technology integrations. The board and executive team include a Chairman, Vice Chairman, CEO, additional board members, a Chairman and Managing Director (Mr. Saad Abdul Aziz Ali Al-Wazzan), and a CFO (Mr. Hany El Beshlawy) with multi-jurisdictional credentials. Recent corporate actions visible on the company site include a BPC voluntary tender offer process and Gulf Friends Real Estate acquisition-related filings, indicating ongoing portfolio restructuring activity.

Name

Nafais Holding Company K.S.C.

Legal name

Nafais Holding Company K.S.C.

Website

https://nafais.com.kw

Company type

Public

Operating status

Operating

Headcount range

1–10 employees

Short description

Nafais Holding Company K.S.C. is a publicly listed Kuwaiti Sharia-compliant investment holding company that owns and operates subsidiaries across education (GUST, K-12 schools), healthcare (New Mowasat Hospital), and asset management (Athman Investment Company).

Ownership category

akta.pro rank

Product category

Diversified Investment Holding

NAICS

Offices of Other Holding Companies (551112), All Other Financial Investment Activities (52399), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Management of Companies and Enterprises (55111), Portfolio Management and Investment Advice (523940)

SIC

Investors, Nec (6799), Investment Advice (6282), Non-Operating Establishments (9995)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industries

Islamic Investment Banking & Capital Markets Services (FSABAGAG), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ), Values-Based/ESG & Impact-Focused RIAs (FSAAACAK), Offshore & International Private Banking (FSAAABAB)

Keywords

• Sharia-compliant investing
• Diversified holding company
• Asset management services
• Education sector investments
• Healthcare sector investments

Headquarters

HQ city

Kuwait City

HQ country

Kuwait

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others

Distribution channels1 record

Marketing channels2 records

Core offering

Nafais Holding Company K.S.C. is a publicly listed Kuwaiti holding company that invests across three primary sectors—Education, Healthcare, and Financing & Investment—operating strictly in compliance with Islamic Sharia principles. The company manages a KD 16.9 million capital base through subsidiaries and associates including New Mowasat Hospital, Educational Holding Group (Gulf University, American Creativity Academy, Gulf English School, Al Takamul School), Athman Investment Company for asset management, and Mowasat Real Estate. Investments span regional and international markets over short, medium, and long-term horizons.

Product overview

Nafais Holding Company K.S.C. is a diversified investment holding company operating across three primary sectors: Education, Healthcare, and Financing & Investment. The company manages a portfolio of subsidiaries and associates including New Mowasat Hospital (healthcare), Educational Holding Group with Gulf University and American Creativity Academy (education), and Athman Investment Company (asset management). The company operates on Islamic Sharia principles with a capital of KD 16.9 million and focuses on investments in Kuwait and foreign markets across short, medium, and long terms.

Differentiator

Problem solved

Functional benefit

Products and services

• Athman Investment Company Asset management and investment company operating in compliance with Islamic Sharia principles, specializing in management of third-party assets with projected funds accumulation to US$ 2 billion. Targets institutional and individual investors seeking Sharia-compliant diversified portfolios.
• New Mowasat Hospital Healthcare facility offering hospital and medical services, expanding with plans to open a Preventative Center at Al Manshar Mall Kuwait providing family medicine, dermatology, pediatrics, and diagnostic services. Part of healthcare investment through Al Mowasat Healthcare Company.
• Educational Holding Group (EDU) Educational investment company listed on Kuwait Stock Exchange since 1993, owning Gulf University for Science and Technology (GUST) and American Creativity Academy. Provides higher education services and American curriculum schooling in Kuwait.
• Financing & Investment Services Investment portfolio management service operating on KD 16.9 million capital, adhering to Islamic banking principles across diversified industries and geographies, with investments in short, medium, and long-term horizons.

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Athman Investment CompanycoreStrategic or Co-development PartnerSpecialized in management of third party assets. Nafais is firmly footed on capital of KD 16.9 million. The company forecasts funds would accumulate to US$ 2 billion.
• Educational Holding Group (EDU)coreStrategic or Co-development PartnerAssociate company, the first educational company listed in Kuwait Stock Exchange in 1993. Nafais has a larger presence through EDU.
• Gulf University (GUST)minorStrategic or Co-development PartnerOwned through Educational Holding Group subsidiary. Part of Nafais education sector portfolio.
• New Mowasat HospitalcoreStrategic or Co-development PartnerCore healthcare subsidiary expanding with new Preventative Center in Al Manshar Mall Kuwait. Planning six facilities total plus main hospital.
• Gulf Friends Real Estate (اصدقاء الخليج العقارية)minorStrategic or Co-development PartnerReal estate company involved in voluntary tender offer transactions with Nafais Holding.

Scale indicators4 records

Recent moves1 record

Expansion highlights5 records

Broad incumbents

• Gulf Finance House: Bahrain-headquartered Islamic investment bank with significant GCC real estate and asset management activities. Comparable as a larger, established Islamic-finance player operating Sharia-compliant investment products across the region.

Regional players

• Al Salam Bank: Bahrain-headquartered Islamic bank offering Sharia-compliant corporate, investment, and asset management services. Comparable as a regional Islamic-finance institution offering Sharia-compliant investment products to similar GCC investor base.

Direct peers

• International Financial Advisors (IFA): Kuwaiti investment holding company operating across asset management, brokerage, and principal investment lines, listed on Boursa Kuwait. Comparable as a publicly traded Kuwaiti holding with diversified financial-sector exposure.
• National Investments Co. (NIC): Kuwaiti investment company that is Nafais's second-largest shareholder (19.158%), operating across asset management, brokerage, and proprietary investment lines. Same regulatory jurisdiction, same target investor base, and same Islamic-finance orientation.
• Securities Group k.s.c.c: Majority shareholder of Nafais (72.382%) and a Kuwait-based investment company engaged in proprietary and third-party investment activities. Comparable as a Kuwaiti investment vehicle with overlapping financial-sector positioning.
• Arzan Financial Group for Financing and Investment: Kuwait-based Sharia-compliant investment and financing firm active in real estate, equity investments, and advisory. Comparable as a Kuwaiti Sharia-compliant investment vehicle serving similar investor profiles.
• KIPCO Group: Kuwait Projects Company (Holding) is a diversified MENA holding with investments across financial services, education, healthcare, and media, making it the closest structural analog to Nafais's multi-sector holding model with public-market listings on Kuwait Stock Exchange.
• Bayan Holding Co. Kuwaiti investment holding engaged in real estate, education, and financial investments, listed on Boursa Kuwait. Directly comparable as a small publicly listed Kuwaiti holding with diversified sector exposure.
• Noor Financial Investment Co. Sharia-compliant Kuwaiti investment holding listed on Boursa Kuwait, operating across investment management, real estate, and advisory lines. Closest comparable as a Kuwait-listed Islamic-finance holding company serving similar Muslim investor demand.
• Al Mal Investment Holding Co. Kuwaiti holding company investing in real estate, financial services, and other sectors. Comparable as a small-to-mid-cap Kuwaiti holding with diversified cross-sector investments and public-market exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nafais-holding-company-k-s-c-

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nafais Holding Company K.S.C.