Commercial Real Estate Earns 12.2 Million Dinars Through Q3

AbdulFatah Ma’arfi, Chairman of the Board of Directors of Kuwait Commercial Real Estate Company (K.S.C.), announced that the company’s results for the financial year ended September 30, 2026, yielded net profits of KD 12,258,039.

Commenting on the financial results through the third quarter of the current year, Ma’arfi stated that despite the prevailing geopolitical situation and its impact on economic conditions, the third quarter witnessed a slight decline in net operating revenues, growth in the results of affiliated companies, and a decrease in profits from the revaluation of certain investments, compared to the same period last year. Regarding financial indicators through the third quarter of the current year, return on equity stood at 0.4 percent, return on total assets at 2.4 percent, and return on shareholders’ equity at 6.3 percent.

Ma’arfi emphasized that “Al-Tijariya” continued to deliver strong performance, with close and continuous monitoring of ongoing developments and assessment of their potential implications on economic conditions. The company also continued to take necessary proactive measures to adapt to these challenges, thereby contributing to the protection of shareholders’ rights and maintaining the solidity of its financial position.

As part of its strategy aimed at diversifying its international investments and expanding its portfolio of income-generating assets, Al-Tijariya and its subsidiaries invested in two income-generating logistics and transportation centers in the state of Texas, USA.

Furthermore, in collaboration with its strategic investors, the company successfully exited its investment in the “501 First Residences” project in Miami during 2026. The project comprises a 40-story residential tower with 476 residential units. The exit followed the successful completion of the project’s development and the sale of its units, resulting in recorded profits for the company.