Nomw Capital announces that it has no subsidiaries in the Gulf countries or any other country and notes this to disclaim any responsibility for any fraud Also, please be careful of any person or entity that uses the companys data or license to operate in illegal ways Nomw Capital confirms that it does not deal at all (receipt or transfer) of cash amounts through personal bank accounts.
Periodic reports
Nomw Capital issues periodic reports on the progress of its investments and interim financial reports on a quarterly, semi-annual and annual basis to keep investors and shareholders fully informed of the performance of their investments in proving our commitment to transparent disclosures as required by the International. Standards, rules and regulations applied by the Capital Market Authority in the Kingdom of Saudi Arabia.
The financial performance of Nomw Capital
Nomw Capital acts as an investment arm for its clients and shareholders. The capital that the Company raises and distributes for its investment offerings is entirely through the formation of independent funds or direct investment programmes. As a result, the company is not a balance sheet-driven entity, and it rarely carries its structured investments on its own books.
The company's financial strategy helps it demonstrate strong commitment and independence in its dealings. In addition, the company maintains a well-capitalized position of SAR 50 million and is focused on organic growth through income generation and commitment of its shareholders.
Since its inception in 2014, Nomw Capital has created value for its shareholders and has succeeded in achieving organic growth through its exceptional performance. The company generates income from providing its financial services to clients and shareholders.
The main activities of the company are to deal as principal, guarantor, manager, regulator and custodian in securities business in accordance with the license of the Capital Market Authority.
Based on our commitment to transparent disclosures as required by the rules and regulations applied by the Capital Market Authority of the Kingdom of Saudi Arabia, and in line with international standards, we have published our financial performance below.
Board reports:
Financial Statements:
To keep its investors fully informed of the financial position and financial performance of their holdings, Nomw Capital publishes periodic reports on their holdings in its direct investment programs and funds on a quarterly, semi-annual and annual basis.
Capital Adequacy Assessment Process (“ICAP”)
Pillar 3 has been approved by Nomw Capital since its inception in 2014. The Capital Market Authority (CMA) issued its prudential rules in December 2012. As per Chapter 20 of the Prudential Rules, all authorized persons (APs) are required to have a capital adequacy assessment process in place Internal (ICAAP).
As outlined in the CMA's Prudential Rules, ICAAP requires five features including board oversight, sound capital assessment, comprehensive risk assessment, monitoring and reporting, and internal control review. Therefore, the ICAAP not only ensures that companies have sufficient capital to support all risks in their business, but also encourages them to develop and use better risk management techniques by including appropriate stress testing scenarios in their risk monitoring and management.
ICAAP at Growth Capital is comprehensive in its approach - its coverage includes all material risks, corporate governance and internal control framework, capital planning and management framework, strategic plans, and macroeconomic factors. Nomw Capital is implementing more robust policies and processes for measuring, monitoring and reporting all material risks and adopting an efficient capital planning process to ensure sufficient capital is available to meet any unforeseen contingencies.
Nomw Capital has adopted the standardized approach for credit risk, and has adopted the highest basic indicator approach and spending approach for operational risk. These methods have been effectively implemented as per the Pillar III Compliance Report for FY 2015. The Company is not subject to market risk. This Capital Adequacy Report and Risk Management Report provide details of Nomu Capital's risk profile with business volumes by risk asset classes, which forms the basis for calculating capital requirements.
Third pillar report
