Kuwait’s Ministry of Commerce and Industry posts a 4.7 million KD profit in six months

Abdul Fattah Muhammad Ma’arfi, Chairman and Chief Executive Officer of Al Mutajarra Real Estate Company (which is 79.2% owned by Al Tijariya Al Aqaria Company), stated that the company’s results for the financial period ending on June 30, 2026, yielded net profits of KD 4,720,005, representing a 22.8% increase compared to the same period last year.

Commenting on the financial results for the first half of 2026, Ma’arfi noted that the achieved results reflect growth in operational performance and a notable increase in investment revenues, supported by the continued implementation of the company’s strategy aimed at maintaining the diversification of its real estate and investment portfolio and enhancing operational efficiency. Regarding financial indicators, there was a significant improvement, with growth in return on equity, return on assets, and return on capital reaching 18.9%, 30.8%, and 22.8%, respectively, compared to the same period last year.

Accordingly, the Board of Directors decided to distribute semi-annual cash dividends for 2026 at a rate of 4%, amounting to 4 fils per share.

Ma’arfi added that the company continues its operations in accordance with a balanced strategy focused on diversifying its real estate investments in terms of size, nature, and geographic distribution, thereby contributing to achieving a balance between risks and returns and enhancing the company’s financial sustainability. Within the framework of this strategy, Al Mutajarra invested in the Logistics and Transportation Center in Texas, USA.

The company is also continuing to implement its development plans for its real estate projects, most notably the Al Ruhab Complex Expansion Project, which aims to develop facilities and services by adding new rental spaces. This initiative contributes to enhancing the experience of visitors and tenants and strengthening the complex’s position as an integrated commercial destination, in line with the company’s future vision to develop its real estate assets and achieve sustainable long-term growth.