Kuwait National Investments Reports Q2 Profit of 12.3 Million KD
National Investments 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, which poses challenges to the investment environment. Consequently, 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. It achieved a net profit of 12.3 million dinars for the three months ended June 30, 2026, representing 15.4 fils per share. On the other hand, total assets stood at 353.6 million dinars, and total equity attributable to shareholders of the parent company reached 206.6 million dinars. Meanwhile, the value of assets under management amounted to 1.3 billion dinars by the end of the second quarter.
Speaking on the results, Khalid Al-Fahad, Chairman of the Board at National Investments, 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, alongside a gradual improvement in performance compared to the first quarter. This progress was supported by the easing of some geopolitical pressures and improved activity in several markets.
He clarified that the company continued to follow a balanced investment strategy focused on maintaining asset quality, enhancing portfolio management efficiency, and implementing effective risk management policies. These efforts contributed to mitigating the impact of market fluctuations and preserving the strength of its financial position.
Al-Fahad noted that the results recorded during the second quarter confirm 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 added that the company continues to implement its strategic plans based on a vision centered on achieving balanced and sustainable growth. This is pursued by 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 approach enhances its capacity to navigate changes and achieve stability and long-term growth.
He further stated 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 initiatives contribute to enhancing service quality and operational efficiency, alongside the continued development of investment solutions and products that meet the needs of various customer segments and keep pace with rapid market developments.
He highlighted the strength of the company’s capital base and its good liquidity, which provide it with significant capacity to seize high-quality investment opportunities when available, both in the local and regional markets. This supports asset growth and generates sustainable returns that enhance shareholder value. He also emphasized that sustainability has become an integral part of the company’s strategy, as it continues to integrate principles of governance, sustainability, and corporate social responsibility into its various activities. This reflects the importance of balancing economic performance with the company’s societal impact.
For his part, Fahad Al-Muhezeim, Executive Director and CEO of National Investments, affirmed that the Financial Advisory division within the Banking and Alternative Investments sector is consolidating its position as a leading force in the Kuwaiti stock markets. This is achieved through executing innovative, high-impact transactions that enhance its reputation as a trusted and accredited investment bank. The company executed deals 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, representing the only IPO in Kuwait during the first half of 2026.
The company distinguished itself with a short interval between the completion of the subscription process and a record listing date, underscoring its leadership in innovating and executing equity offerings in a selective market environment. The offering achieved a coverage ratio of 15.2 times the base offering size, with subscription requests exceeding KD 776.7 million, reflecting strong confidence in the issuer and the efficiency of the deal structuring. As the bookrunner, exclusive listing advisor, joint lead manager, and joint bookrunner, National Investments led the transaction through all its stages, from structuring and coordination with regulatory authorities to building the order book, initial and final allocation, and successful listing.
Exceptionally, the company managed to extend the listing approval to mitigate the negative impact of regional tensions and ensure robust trading following the listing. The share price rose by 47.2 percent, reaching 910 fils from its listing until the end of the second quarter of the current year. This performance reflects the success of the offering and listing execution, the efficiency in managing various stages, and the company’s professionalism in applying innovative business models.
Al-Muhezeim highlighted 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, culminating in a successful listing on the Main Market of the Kuwait Stock Exchange. The IPO attracted thousands of subscribers, alongside significant participation from international institutional investors from the United Kingdom, Saudi Arabia, and the UAE, thereby reinforcing 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 sector, retail offerings via its electronic platform in Gulf Cooperation Council (GCC) countries, and a private placement for a capital increase for one of the largest transport companies operating in the GCC. The private placement for the latter launched in June 2026 and lasted for two weeks. Additionally, the company assessed the feasibility of listing a company operating in the food and beverage sector on the Kuwait Stock Exchange, evaluated the financing needs of a company in the entertainment sector, and conducted preliminary review and structuring work for the IPO of a leading, professionally managed group in the IT services and systems integration sector in the Middle East.
Regarding the performance of the Corporate and Wealth Sector, Al-Mikhaeeem noted that the sector continued to deliver strong results during the second quarter of 2026, with dozens of new investment portfolios launched across various types. The value of assets under management at the company rose by 6.45 percent by the end of the second quarter of the current year compared to the first quarter of the same year, reflecting the sector’s ongoing business growth and its contribution to enhancing the company’s assets under management. Furthermore, in collaboration with relevant departments, the sector continued implementing initiatives to develop electronic platforms to elevate the level of services provided to investors, alongside refining internal procedures in line with best practices. These efforts aim to improve the efficiency of executing investor requests and enhance the quality of services offered.
Regarding the performance of the Asset Management Sector, Al-Mikhaeeem commended the performance of “our investment products” during the second quarter of the current year, despite the challenges faced by Gulf markets due to geopolitical developments and the accompanying exceptional conditions, fluctuations in investor sentiment, and liquidity movements in the region. Some of our funds and investment portfolios posted positive results during the second quarter, amid an investment environment characterized by volatility and challenges, underscoring the ability of the employed investment strategies to adapt to the market changes witnessed during this period.
Additionally, the Financial Instruments team continued during the first half of 2026 to add four newly listed companies on the Kuwait Stock Exchange to the market-making portfolio, bringing 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.
