"The Center" Achieves Total Revenues of KD 8.02 Million
Kuwait Financial Centre (Markaz) announced its financial results for the first half of 2026, with total revenues reaching 8.02 million Kuwaiti dinars, compared to total revenues of 14.45 million dinars in the first half of 2025. The second quarter of 2026 witnessed a recovery that offset the results of the first quarter of 2026, as total revenues in the second quarter of 2026 amounted to 10.68 million dinars, compared to negative revenues of 2.67 million dinars in the first quarter of 2026. This resulted in a net profit of 6.79 million dinars for the second quarter of 2026, compared to a net loss of 6.76 million dinars in the first quarter of 2026, enabling the company to return to profitability and conclude the first half of the year with a net profit of 0.03 million dinars and earnings per share of 0.07 fils.
In a press release, the company stated that geopolitical developments in the region during the first half of 2026 continued to cast a shadow over financial markets, particularly in the Gulf Cooperation Council (GCC) countries. Despite these challenges, the Kuwait Stock Exchange’s general market index maintained relative stability. Notably, GCC markets demonstrated resilience in the face of geopolitical uncertainty, reflecting the impact of reforms implemented in recent years and the sound fiscal policies adopted by Gulf states. Additionally, sovereign bond yields in GCC countries remained at favorable levels, reflecting global investors’ confidence in the robustness of current conditions in the region and their optimism about future prospects.
In the investment banking sector, Markaz continues to build a strong base of high-quality transactions, including providing valuation and financial advisory services to companies and family businesses with strong financial standing. Meanwhile, Markaz’s real estate portfolios, both within Kuwait and abroad, have maintained stable levels of occupancy rates, rental yields, and collection rates. At the same time, Markaz continues to select investment opportunities in private credit, private infrastructure, and project development financing. Total assets under management reached 1.57 billion dinars as of June 30, 2026, compared to 1.56 billion dinars during the same period last year.
During the second quarter, Markaz launched 24-hour trading in the US market through its digital platform, iMarkaz Invest, enabling clients to monitor and trade eligible US stocks and index funds outside regular trading hours. This provides investors with greater flexibility to respond promptly to economic and geopolitical developments and events impacting global markets as they occur.
As customer needs continue to evolve, Markaz is expanding its range of investment services and products across private markets, alternative investments, and advisory services, focusing on deepening relationships with institutional and high-net-worth individual clients and delivering investment solutions aligned with their long-term investment objectives.
