"National Investments" earns KD 10.6 million in 9 months

Kuwait National Investments 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 position in the financial and investment services sector. The company’s financial results showed net profits of 10.6 million dinars during the first nine months of 2026, with earnings per share reaching 13.3 fils, while total 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, while the volume of assets under management stood at 1.4 billion dinars, and total equity attributable to shareholders of the parent company reached 212.8 million dinars.

On a quarterly basis, net profit for the third quarter of 2026 amounted to approximately 3.6 million dinars, representing 4.5 fils in earnings per share, while total revenues reached 9.4 million dinars. These results reflect the development of the performance of Kuwait National Investments’ main business segments during 2026, despite challenges posed by geopolitical tensions and financial market volatility, underscoring the efficiency of managing investment and operational activities and the ability to leverage accumulated expertise and capitalize on available investment opportunities, thereby supporting business growth and reinforcing the company’s financial strength.

Commenting on the financial results, Chairman of the Board of Directors Khaled Waleed Al-Fahad affirmed that the company’s financial performance during the first nine months of 2026 reflects the effectiveness of its strategic direction and its adaptability to developments in the investment environment. He noted that the current phase requires focusing 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 market developments throughout the year highlighted the importance of flexibility in making investment decisions, risk management efficiency, and the ability to seize viable 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 underscore the importance of integration between strategic planning and actual implementation, through efficient utilization of resources and capabilities, and achieving a balance between returns and risks, while safeguarding the long-term interests of shareholders and clients.

Al-Fahad noted that diversifying Kuwait National Investments’ business portfolio represents a key 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, through offering integrated 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 initiatives in the second phase reached 63 percent.

He clarified that the company is proceeding with updating its digital platforms and streamlining its procedures to facilitate customers’ access to services and investment information and enhance 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.

Al-Fallaah 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.

For his part, Fahd Abdulrahman Al-Mikhaizim, Board Member and Chief Executive Officer at National Investments, affirmed that the financial results for the first nine months of 2026 reflect the continued implementation 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-Mikhaizim 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 aforementioned period by leading and executing a number of prominent financial and advisory transactions, despite the challenges faced by the markets. He highlighted the company’s success in completing a capital increase for Rawahal Holding Company by 123.84 percent of its issued and paid-up capital, achieving a subscription coverage ratio of 104.37 percent, 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-Mikhaizim noted that the team successfully attracted investments in several available opportunities, alongside joint efforts with relevant departments to update electronic platforms and improve services provided to investors, as well as streamlining internal procedures in accordance with best practices, thereby accelerating transaction processing and enhancing order execution efficiency.

Al-Mikhaizim revealed that National Investments is moving forward with the execution of a number of anticipated transactions and projects, including the launch of a rights issue for International Housing for Real Estate Development Company equivalent to 263.64 percent 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 company in the construction sector, as well as discussions concerning the transfer of a listed company from the Main Market to the First Market, and the study of strategic options available for a company in the entertainment sector.

Regarding the performance of the Institutions and Wealth sector, Al-Muxaimi noted that the sector achieved outstanding results during the first nine months of 2026, supported by its success in attracting new clients and opening a large number of investment portfolio accounts of various types. He pointed out that the value of assets under management at the company recorded an annual growth of 11.1 percent compared to the end of September 2025, and a rise of 6.7 percent compared to the end of December 2025, reflecting the expansion of the sector’s client base and its increased contribution to the growth of total assets under management.

With regard to the asset management sector, he 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 with efficiency and flexibility.

He also reviewed the performance of the financial instruments team, highlighting its success in expanding the scope of its market-making services at 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, the team’s efficiency in supporting securities liquidity and improving trading efficiency, and the strengthening of “National Investments”’ position as a leading institution in providing market-making services in the Kuwaiti market.