Meezan Holding Achieves 15 Million KD Net Profit in Nine Months

Kuwait, Nov 10 (KUNA) -- Meezan Holding Company announced today on Tuesday that it achieved net profits of 15 million Kuwaiti dinars (approximately $48.2 million) for the first nine months ending September 30, 2026, representing an 11.4% increase compared to the same period last year. In a press release, the company stated that revenues reached 237.5 million dinars (approximately $763.7 million), up 3.9% compared to the same period in 2025.

The release quoted Meezan Holding Group Chairman Muntasir Al-Wazzan as saying that these results reflect the robustness and flexibility of Meezan’s business model, as well as its ability to maintain strong financial and operational performance despite the economic challenges and geopolitical disruptions witnessed in the region, along with their repercussions on markets, business activities, and supply chains.

Al-Wazzan emphasized that this performance also demonstrates the company’s capacity to adapt to changes and efficiently address challenges, underpinned by the diversification of its business portfolio, the strength of its brands, and the deep-rooted trust it has earned from consumers across generations over more than 80 years.

He clarified that the group remains committed to strengthening its leading position in the food, consumer goods, and healthcare sectors, while enhancing operational efficiency and expanding its presence in regional markets, maintaining a balanced approach that combines growth with financial discipline.

Al-Wazzan expressed the group’s optimism for the coming phase, relying on the group’s solid foundations, the efforts of the executive management, and the teams to continue achieving sustainable growth and enhancing long-term value for the group’s shareholders, partners, and customers. (End) A.Kh / N.W.F