National Investments Achieves Distinctive and Strong Performance with Net Profits of 12.3 Million Dinars and Earnings Per Share of 15.4 Fils in the Second Quarter of 2026

National Investments Company announced its financial results for the second quarter of the current year, ending on June 30, 2026. The company continued to maintain the strength of its financial position, reflecting its ongoing commitment to preserving a robust financial base that supports its ability to navigate economic fluctuations and seize investment opportunities aligned with its long-term strategy. This resilience was demonstrated despite the continued volatility in regional and global financial markets and the challenges they pose to the investment environment. The positive indicators emerging during the second quarter reflect the soundness of the company’s approach.

During the second quarter, the company recorded revenue growth of 17 million dinars, while other comprehensive income amounted to approximately 5 million dinars. The company achieved a net profit of 12.3 million dinars for the three months ended June 30, 2026, representing 15.4 fils per share. Total assets stood at 353.6 million dinars, with total equity attributable to shareholders of the parent company reaching 206.6 million dinars. Meanwhile, managed assets amounted to 1.3 billion dinars by the end of the second quarter.

Speaking on the results, Khaled Waleed Al-Fahad, Chairman of the Board at National Investments Company, stated that the second quarter of 2026 results reflect the company’s ability to adapt to an investment environment characterized by volatility and heightened caution in financial markets, while achieving gradual performance improvement compared to the first quarter. This progress was supported by the easing of some geopolitical pressures and improved activity in several markets. He emphasized that the company continued to follow a balanced investment approach focused on maintaining asset quality, enhancing portfolio management efficiency, and implementing effective risk management policies, which contributed to mitigating the impact of fluctuations and preserving financial stability.

On a related note, Al-Fahad confirmed that the results recorded during the second quarter of the year underscore the company’s success in strengthening its operational resilience and improving business management efficiency, which positively impacted its performance compared to the beginning of the year. He noted that the company continues to implement its strategic plans based on a vision centered on achieving balanced and sustainable growth through maintaining a strong financial position, enhancing the quality of its investment assets, and continuously developing its risk management, governance, and internal control systems in line with global best practices. This enhances its ability to face changes and achieve stability and long-term growth.

He added that the company continues to invest in developing its institutional capabilities and human capital, improving operational efficiency, and accelerating the pace of digital transformation. These efforts contribute to enhancing service quality and operational efficiency, alongside continuing to develop investment solutions and products that meet the needs of various customer segments and keep pace with rapid market developments.

Al-Fahad pointed out that the company’s strong capital base and good liquidity give it significant capacity to seize high-quality investment opportunities as they arise, whether in the local or regional markets. This supports asset growth and achieves sustainable returns that enhance shareholder value. He also affirmed that sustainability has become an integral part of the company’s strategy, as it continues to integrate governance, sustainability, and corporate social responsibility principles into its various activities, recognizing the importance of balancing economic performance with the company’s societal impact.

In conclusion, Al-Fahad expressed his appreciation for the continuous trust and support from the Board of Directors, commending the efforts of the executive management and all employees of National Investments Company. He highlighted that their expertise and commitment have enhanced the company’s ability to handle various changes and achieve results reflecting the institution’s strength. He emphasized the continuation of work according to a balanced strategy based on financial discipline, prudent risk management, and calculated investment, thereby enhancing its ability to deliver sustainable value to shareholders and solidify its position as a leading investment institution in the Kuwaiti market and the region.

**Key Milestones in Company Performance**

For his part, Fahed Abdulrahman Al-Mukhaima, Board Member and Chief Executive Officer at National Investments Company, stated that the continued leadership of the Financial Advisory Management within the Banking and Alternative Investments sector is consolidating its position as a leading force in Kuwait’s stock markets. This is achieved through executing innovative and high-impact transactions that enhance its reputation as a trusted and reliable investment bank. The company executed transactions with a total value exceeding $2.5 billion during the first half of the current year.

The initial public offering (IPO) and listing of Trolley General Trading in March 2026 exceeded expectations. This landmark transaction represented the only IPO in Kuwait during the first half of 2026. The company distinguished itself with a short period between completing the offering and achieving a record listing date, confirming its leadership in innovating and executing equity offerings in a selective market environment. The offering achieved a subscription coverage ratio of 15.2 times the base offering size, with bid values exceeding 776.7 million dinars, reflecting strong confidence in the issuer and the efficiency of the transaction structure.

As the bookrunner, exclusive listing advisor, joint lead manager, and joint bookrunner, National Investments Company led the transaction through all its stages, from structuring and coordinating with regulatory authorities to building the order book, initial and final allocation, and successful listing. The company exceptionally managed to extend the listing approval to mitigate the negative impact of regional tensions and ensure strong trading activity post-listing. The share price rose to 910 fils from its listing until the end of the second quarter of the current year, an increase of 47.2%, reflecting the success of the offering and listing execution and the efficiency of managing its various stages. This confirms the company’s professionalism in applying innovative business models.

Al-Mukhaima continued, noting the company’s success in smoothly managing all regulatory procedures in coordination with the Capital Markets Authority, the Kuwait Stock Exchange, and the Kuwait Clearing Company, leading to a successful listing in the First Market of the Kuwait Stock Exchange. The offering attracted thousands of subscribers, alongside significant participation from international institutional investors from the United Kingdom, Saudi Arabia, and the United Arab Emirates. This enhances Kuwait’s position as a destination for high-quality equity offerings and cross-border capital flows.

Concurrently, the company advanced a strong portfolio of equity market transactions. These included preliminary preparations for upcoming IPOs in the education and retail sectors via its electronic platform in Gulf Cooperation Council (GCC) countries. It also managed a private placement for a capital increase for one of the largest transport companies operating in the GCC, which launched its private offering in June 2026 and lasted for two weeks. Additionally, the company conducted feasibility assessments for listing a company operating in the food and beverage sector on the Kuwait Stock Exchange, assessed financing needs for a company in the entertainment sector, and performed audit and preliminary structuring work for the IPO of a leading and professionally managed group in the IT services and systems integration sector in the Middle East.

Regarding the performance of the Institutions and Wealth sector, Al-Mukhaima indicated that the sector continued to achieve strong results during the second quarter of 2026. The number of new investment portfolios reached dozens across various types. The value of managed assets at the company increased by 6.45% by the end of the second quarter compared to the first quarter of the same year, reflecting the continued growth of the sector’s business and its contribution to enhancing the company’s managed assets. The sector also continued, in collaboration with relevant departments, to implement initiatives for developing electronic platforms to elevate the level of services provided to investors, alongside developing internal procedures according to best practices. These efforts contribute to improving the efficiency of executing investor requests and enhancing service quality.

As for the Asset Management sector, Al-Mukhaima praised the performance of the company’s investment products during the second quarter of the current year, despite the challenges faced by Gulf markets due to geopolitical developments, exceptional conditions, fluctuations in investor sentiment, and liquidity movements in the region. Some of the company’s funds and investment portfolios showed positive results during the second quarter, despite the volatile and challenging investment environment. This reflects the ability of the adopted investment strategies to adapt to the changes witnessed by the markets during the period.

Furthermore, the Financial Instruments team continued during the first half of 2026 to add four newly listed companies on the Kuwait Stock Exchange to its market-making portfolio, raising the total number of companies to 20. This expansion reflects growing confidence in the company’s services and its efficiency in supporting securities liquidity and enhancing trading efficiency.

Al-Mukhaima clarified that the Real Estate sector achieved positive performance during the first half of 2026, supported by rising occupancy rates in owned and managed assets. This contributed to enhancing operational stability and revenue sustainability. In addition, the company participated in the consortium offered by the Public-Private Partnership Projects Authority (KAPP) and the Ministry of Finance, as part of its strategy to enhance its real estate investments and contribute to executing landmark projects that support economic development according to the highest standards.

**Expanding Horizons for Future Growth**

In the context of future growth, Al-Mukhaima stated that the Strategy and Institutional Development sector continued during the first half of the current year to implement the five-year transformation strategy, achieving notable progress in implementation stages. The company continued to develop its products and services by advancing the electronic trading project, completing procedures related to updating investment funds, issuing the 2025 Sustainability Report, and beginning preparations for the 2026 Sustainability Strategy. Internal initiatives saw progress in the transition to an AI-First company through the application of artificial intelligence technologies, enhancing the company’s innovation capacity and operational efficiency.

On the other hand, Al-Mukhaima pointed out the contribution of the Technology and Digital Transformation sector to strengthening digital infrastructure and business continuity. This included launching several digital services and systems, most notably the digital subscription system, which contributed to raising operational efficiency, enhancing risk management, and beginning the implementation of the Odoo real estate system. These efforts enhance governance and support the company’s readiness to adopt the latest digital solutions and achieve sustainable growth.

Consecutive Achievements

National Investment Company (NIC) continued to strengthen its leading presence in Kuwait and the region by receiving several distinguished awards across three core sectors that form the pillars of its operations: Marketing and Corporate Communications – “Best Investment Brand in Kuwait 2026”; Asset Management – “Best Asset Management Company in Kuwait 2026”; and Institutions and Wealth – “Best Investor Relations Company in Kuwait 2026.” These accolades were part of the Global Banking and Finance Review Awards 2026, a leading media platform and print magazine that provides independent analysis, news, and commentary on the world of banking, finance, investment, and fintech, offering decision-makers in the financial sector a comprehensive and balanced perspective.

Expansion in Regional Markets

As part of NIC’s regional expansion, the company opened its first regional headquarters at the Dubai International Financial Centre (DIFC), enhancing its presence and broadening its investment services to meet the needs of a wider client base both within and beyond the region. NIC is currently pursuing further regional expansion in Gulf markets to support its goal of establishing a regional distribution network and enhancing access to investment opportunities. This initiative aligns with the company’s strategy to consolidate its presence in Gulf markets, expand its investment services, and deliver integrated financial solutions that address client needs.