Arzan Achieves Net Profits of 10.2 Million Dinars in Nine Months

Arzan Financial Group announced its financial results for the first nine months of 2026. The financial results showed that the company achieved a net profit of 10.2 million dinars attributable to the parent company’s shareholders, with an earnings per share of 10.587 fils. Total operating revenues amounted to 23 million dinars.

The first nine months of 2026 witnessed numerous events and developments that directly impacted the economies of the Gulf Arab states and the world, most notably geopolitical tensions, regional conflicts, and navigation crises in the Strait of Hormuz and the Bab al-Mandab Strait. These factors led to downward revisions in economic growth forecasts and increased costs for insurance, shipping, and energy. Additionally, the tourism, real estate, and financial markets sectors were adversely affected, particularly in the Gulf and Middle East regions.

Despite these challenges, Talal Al-Bahr, Chairman of the Board of Directors of Arzan Financial Group, expressed satisfaction with the group’s results, stating: “Despite the tensions and challenges facing the region and the world, Arzan Financial Group managed to achieve solid results during the first nine months of 2026. The ambitious strategies and plans approved by the Board have proven their efficiency and effectiveness in enhancing outstanding performance, diversifying income sources, and building resilience in handling crises. The group’s vision is anchored on three main pillars: fostering sustainable growth through innovation in investment products, seizing high-quality investment opportunities in promising markets, and consolidating the group’s position as a leading entity in the financial services sector.”

Al-Bahr added: “We are always committed to keeping pace with the latest developments in the financial sector, while maintaining sufficient flexibility to respond swiftly to market changes and surrounding economic conditions. The group operates in accordance with best practices and global standards, aiming to deliver innovative services and high-quality financial solutions, alongside capitalizing on promising investment opportunities in the Gulf, the Middle East, and global markets.”

For his part, Jasem Zinal, Vice Chairman and Chief Executive Officer of the group, stated: “The results for the first nine months of 2026 were positive despite geopolitical conditions and their impact on revenues and the group’s asset values. The group’s assets increased by 2% during the first nine months of 2026, reaching a total of 386 million dinars, compared to 377 million dinars for the same period in 2025 (adjusted). Total equity attributable to the parent company’s shareholders also rose by 2%, reaching 226 million dinars, compared to 221 million dinars for the same period last year (adjusted). Our diversified investments in Kuwait and the region contributed to enhancing the group’s nine-month results.”

Zinal added: “The group operates under policies, procedures, and plans that help mitigate risks, overcome challenges, strengthen positive outcomes, and enhance competitiveness. We are also working to consolidate the foundations of sustainable growth through the diversification of the group’s investments and the multiplicity of its income sources.”