National Investments achieves positive performance and notable net profit results of 10.6 million dinars and EPS of 13.3 fils for the first nine months of 2026

Fahad Abdulrahman Al-Makhzoum

National Investments Company announced its financial results for the first nine months ended September 30, 2026, continuing to implement its strategy aimed at growing its investment business, enhancing operational performance efficiency, and expanding its presence in local and regional markets, thereby strengthening its competitiveness and standing in the financial and investment services sector. The financial results showed that National Investments Company achieved net profits of 10.6 million dinars during the first nine months of 2026, with earnings per share reaching 13.3 fils, while total company revenues amounted to 25.1 million dinars. Regarding its financial position, the company’s total assets reached 360.7 million dinars by the end of September 2026, managed assets totaled 1.4 billion dinars, and total equity attributable to shareholders of the parent company stood at 212.8 million Kuwaiti dinars. On a quarterly basis, net profit for the third quarter of 2026 amounted to approximately 3.6 million dinars, representing earnings per share of 4.5 fils, while total revenues reached 9.4 million dinars.

These results reflect the improved performance of the key business sectors of National Investments Company during 2026, despite the challenges posed by geopolitical tensions and financial market volatility. This underscores the efficiency of its investment and operational management, as well as its ability to leverage accumulated expertise and capitalize on available investment opportunities, thereby supporting the company’s business growth and strengthening its financial position.

Sustainable Strategic Growth

Commenting on the financial results, Khaled Waleed Al-Fahad, Chairman of the Board of Directors at National Investments Company, stated that the company’s financial performance during the first nine months of 2026 reflects the effectiveness of its strategic direction and its ability to adapt to developments in the investment environment. He noted that the current phase requires a focus on diversifying revenue sources and expanding the base of investment activities, thereby supporting the foundations of sustainable growth and delivering added value to shareholders and clients.

Al-Fahad explained that the market developments witnessed this year highlighted the importance of flexibility in investment decision-making, risk management efficiency, and the ability to seize profitable opportunities. He pointed out that the company has leveraged its accumulated expertise across its various sectors to enhance its services and keep pace with market and client needs.

He added that the achievements realized during the period confirm the importance of integration between strategic planning and actual implementation, through the efficient utilization of resources and capabilities, and achieving a balance between returns and risks, while safeguarding the long-term interests of shareholders and clients.

Diversification of Growth Sources

Al-Fahad noted that diversifying National Investments Company’s business portfolio represents a central pillar in its future plans, through achieving greater integration among its sectors and investment services, thereby granting it greater flexibility to capitalize on opportunities available across different stages of the economic cycle.

He clarified that the company is working to expand its client base and provide specialized investment solutions in the fields of capital markets, advisory services, asset management, and alternative investments. This is achieved through comprehensive services that include opportunity assessment, deal structuring and execution, asset management, and value maximization, thereby enhancing its contribution to capital market activity in Kuwait and the region.

Regarding institutional transformation, Al-Fahad emphasized that updating the technological infrastructure constitutes a primary priority within the company’s efforts to develop its business model. He noted the completion of the first phase of the company’s five-year institutional transformation strategy, while the completion rate of Phase II initiatives has reached 63%. He explained that the company is proceeding with updating its digital platforms and streamlining procedures to facilitate clients’ access to services and investment information and to elevate their experience, alongside investing in human capital and developing specialized skills to ensure that internal competencies keep pace with technological advancements and improve service quality.

Corporate Sustainability

Al-Fahad pointed out that sustainability has become an integral part of National Investments Company’s approach, based on its conviction that the success of investment institutions is not measured by financial returns alone, but by their ability to adopt responsible practices that deliver positive long-term impact.

The company reaffirmed its commitment to applying environmental, social, and governance (ESG) principles, reinforcing transparency and corporate social responsibility standards, and integrating sustainability and risk management considerations into its corporate practices, in line with global standards in the financial and investment sector.

Al-Fallah concluded his remarks by emphasizing that the results achieved during the first nine months of 2026 form a foundation for building on the company’s achievements and advancing the implementation of its future priorities. He noted that the upcoming phase will focus on executing strategic initiatives, capitalizing on economically viable opportunities, and offering innovative financial products and solutions, alongside expanding its regional presence, all while adhering to financial discipline and prudent risk management to safeguard shareholders’ interests and support sustainable growth.

Key Milestones

For his part, Fahd Abdulrahman Al-Mukhaima, Board Member and Chief Executive Officer of National Investments Company, stated that the financial results for the first nine months of 2026 reflect the continued execution of the company’s strategic initiatives and progress across its various business sectors. He noted that the company executed transactions with a total coverage value exceeding $2.5 billion during the first nine months of 2026.

Al-Mukhaima explained that the Financial Advisory Management within the Banking and Alternative Investments sector continued to solidify its position as a trusted advisor to issuers, investors, and regulatory authorities during the first nine months of 2026, by leading and executing a number of prominent financial and advisory transactions despite market challenges. He highlighted the company’s success in completing a capital increase for Rawahal Holding Company by 123.84% of its issued and paid-up capital, achieving a subscription coverage ratio of 104.37%, as well as conducting a fair value assessment for a company in the transportation sector for a potential acquisition, and structuring the deal in alignment with the client’s objectives and investment requirements.

In the Alternative Investments division, Al-Mukhaima clarified that the team successfully attracted investments in several available opportunities, alongside joint efforts with relevant departments to update electronic platforms and enhance services provided to investors, as well as streamlining internal procedures in accordance with best practices, thereby accelerating transaction processing and improving order execution efficiency.

Al-Mukhaima revealed that National Investments Company is moving forward with the execution of a number of anticipated transactions and projects, including the launch of a rights issue for International Housing Development Company equivalent to 263.64% of its paid-up capital, with the aim of completing the process during the fourth quarter of 2026. Additionally, the company is working on two projects to list two companies on the Kuwait Stock Exchange in 2027: one operating in the e-commerce sector and the other in the industrial sector. He added that the company is in the final stages of discussions regarding the listing of a leading Kuwaiti construction company, as well as discussions concerning the transfer of a listed company from the Main Market to the First Market. Furthermore, the company is studying strategic options available for a company in the entertainment sector, highlighting the diversity of its transaction pipeline, the breadth of its advisory expertise, and its role in supporting the activity of the Kuwaiti capital market.

Regarding the performance of the Institutions and Wealth sector, Al-Mukhaima noted that the sector achieved outstanding results during the first nine months of 2026, driven by its success in attracting new clients and opening a significant number of investment portfolio accounts of various types. He pointed out that the value of assets under management recorded an annual growth of 11.1% compared to the end of

September 2025, with an increase of 6.7% compared to the end of December 2025, reflecting the broadening of the sector’s business base and its growing contribution to the growth of total managed assets. Regarding the asset management sector, Al-Muxaimi praised the positive results achieved during the third quarter of 2026, despite the exceptional conditions experienced by Gulf markets in the wake of geopolitical developments, which led to fluctuations in investor sentiment and liquidity movements in the region. He emphasized that the investment strategies employed demonstrated a strong ability to adapt to these changes and to handle market volatility efficiently and flexibly.

Al-Muxaimi reviewed the performance of the Financial Instruments team, highlighting its success in expanding the scope of its market-making services on the Kuwait Stock Exchange by adding three newly listed companies to its portfolio, bringing the total number of companies covered by the service to 22. This reflects the growing confidence of listed companies in the services provided, as well as the team’s efficiency in supporting securities liquidity and improving trading efficiency, thereby strengthening the position of National Investments Company as a leading institution in providing market-making services in the Kuwaiti market.

On the real estate sector front, Al-Muxaimi clarified that the sector recorded positive performance during the third quarter of 2026, benefiting from a well-considered expansion of real estate portfolios, which included commercial and investment projects under construction, alongside rising occupancy rates in owned and managed properties, with occupancy rates reaching 100% in many of them. This supports the stability of operational returns and the continuity of revenue streams. The sector continued to study new investment opportunities as part of its plans to develop its real estate portfolio and expand the company’s operations in local and regional markets.

At the level of the Strategy and Corporate Development sector, Al-Muxaimi explained that the sector continued during the third quarter of 2026 to implement the five-year corporate transformation strategy, after officially completing its first phase and achieving an execution rate of 63% of the initiatives in the second phase. He pointed to the launch of a new digital tool to enhance transparency and accuracy in performance monitoring, enabling management to gain a more comprehensive view of revenue sources and the performance of investment products. Additionally, progress was made in adopting artificial intelligence technologies, which enhance the company’s ability to innovate, improve operational efficiency, and increase levels of automation and productivity.

The sector continued to work in coordination with the Asset Management sector to develop and restructure the company’s products and services, aligning them with its strategic priorities and customer requirements, alongside progress on the electronic trading platform project in preparation for its launch.

On the Technology and Digital Transformation front, Al-Muxaimi noted that the sector implemented a package of strategic initiatives during the third quarter of the current year. These initiatives included launching technological solutions and platforms to meet the needs of business units, contributing to improved operational efficiency, enhanced system security and stability, updated infrastructure and technical governance, and expanded automation, thereby strengthening the company’s technological readiness to keep pace with growth and innovation requirements.

Al-Muxaimi emphasized that the Human Capital sector continued during the third quarter of 2026 to empower employees and develop their capabilities through specialized training programs in technical, leadership, and professional fields. The sector also reinforced integration and communication among the company’s various divisions, while preparing young talent through the "Bidayah" program, which welcomed 15 trainees from university students and recent graduates, supporting skill development and improving the work environment.

National Investment Company, as one of the leading investment entities locally and regionally, continues to commit to providing integrated and innovative investment solutions based on a deep understanding of markets and customer needs, contributing to sustainable growth and long-term value maximization. The company is also keen to adopt the highest standards of governance and transparency, enhancing its position as a trusted partner in supporting and developing the investment sector.

Strategic Regional Expansion

Regarding regional expansion plans, Khaled Waleed Al-Fahad clarified that National Investment Company is expanding its business scope, leveraging its accumulated investment expertise and institutional capabilities, with the aim of accessing new markets and providing diverse investment opportunities for its clients at both regional and international levels. The company has strengthened its presence with a regional headquarters at the Dubai International Financial Centre (DIFC) and continues its expansion plans in Gulf markets to broaden its client base, enhance access to investment opportunities, and provide comprehensive financial solutions tailored to various markets. This is achieved by connecting investors with global investment opportunities and expanding the distribution network for financial products and services.

International Awards Cementing Excellence

To date in 2026, National Investment Company has won four prestigious international awards, recognizing its performance in investment, asset management, investor relations, and capital markets, reflecting the efficiency of its teams and the diversity of their specialized expertise. These recognitions included three awards from Global Banking & Finance Review: Best Investment Brand in Kuwait for 2026, Best Asset Management Company in Kuwait for 2026, and Best Investor Relations Company in Kuwait for 2026. Additionally, the company was honored with the Best Investment Bank in Capital Markets in Kuwait award, part of the 2026 Excellence Awards presented by Euromoney.

These awards embody international recognition of the company’s efficient institutional performance and professional expertise, as well as the efforts exerted by its staff across various business sectors. The company views these honors as motivation to continue elevating the quality of its services and adopting best professional practices, meeting the aspirations of its clients and shareholders, and enhancing excellence standards in its investment operations.