National Investments Achieves Distinctive and Strong Performance with Net Profits of 12.3 Million Dinars
The National Investment Company (NIC) 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 changes and seize investment opportunities aligned with its long-term strategy. This resilience was demonstrated despite the continued volatility in regional and global financial markets and the challenges they pose to the investment environment. Consequently, the positive indicators that began to emerge during the second quarter reflect the soundness of the approach adopted by the company.
During the second quarter of the current year, the company recorded revenue growth of 1.7 million Kuwaiti Dinars (KWD), while other comprehensive income amounted to approximately 5 million KWD. The company achieved a net profit of 12.3 million KWD for the three months ended June 30, 2026, representing 15.4 fils per share. On the other hand, total assets reached 353.6 million KWD, with total equity attributable to shareholders of the parent company standing at 206.6 million KWD. Meanwhile, the value of assets under management reached 1.3 billion KWD by the end of the second quarter of the current year.
In a statement, Khalid Waleed Al-Fahad, Chairman of the Board of Directors at the National Investment Company, noted that the results for the second quarter of 2026 reflect the company’s ability to adapt to an investment environment characterized by volatility and heightened caution in financial markets, while achieving gradual performance improvement compared to the first quarter. This 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. This approach contributed to mitigating the impact of fluctuations and preserving the strength of its financial position.
**Strategic Vision Enhancing Sustainable Growth**
In this context, Al-Fahad emphasized that the results recorded during the second quarter of the year confirm the company’s success in strengthening its operational resilience and improving business management efficiency, which positively reflected on its performance compared to the beginning of the year. The company continues to implement its strategic plans based on a vision centered on achieving balanced and sustainable growth. This is pursued by maintaining the strength of its financial position, enhancing the quality of its investment assets, and continuing to develop its risk management, governance, and corporate control systems in line with global best practices. This enhances its ability to face changes and achieve stability and long-term growth.
He added 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 efforts contribute to improving service quality and enhancing operational efficiency, alongside continuing to develop investment solutions and products that meet the needs of various customer segments and keep pace with rapid market developments.
Al-Fahad pointed out that the strength of the company’s capital base and its good liquidity give it the significant capacity to seize high-quality investment opportunities when available, whether in the local or regional markets. This supports asset growth and achieves sustainable returns that enhance added value for shareholders. He also confirmed that sustainability has become an integral part of the company’s strategy, as it continues to integrate governance, sustainability, and corporate social responsibility principles into its various activities. This stems from the importance of achieving a balance between the company’s economic performance and its societal impact.
In conclusion of his statement, Khalid Waleed Al-Fahad expressed his appreciation for the continuous trust and support from the Board of Directors, commending the efforts of the executive management and all employees of the National Investment Company. He noted that their expertise and commitment contributed to enhancing the company’s ability to handle various changes and achieve results reflecting the strength of the institution. He reaffirmed the commitment to working according to a balanced strategy based on financial discipline, agile risk management, and prudent investment, thereby enhancing the company’s ability to achieve sustainable value for shareholders and consolidate its position as a leading investment institution in the Kuwaiti market and the region.
**Key Milestones in Company Performance**
For his part, Fahed Abdulrahman Al-Mukhaima, Board Member and Chief Executive Officer at the National Investment Company, stated that the continued management of financial advisory services within the Alternative and Banking Investments sector is solidifying its position as a leading force in the Kuwaiti stock markets. This is achieved through executing innovative and high-impact transactions, thereby enhancing its reputation as a trusted and reliable investment bank. The company executed transactions exceeding a total value of $2.5 billion USD during the first half of the current year.
The initial private placement and listing of Toli General Trading in March 2026 exceeded expectations. This pivotal transaction represented the only Initial Public Offering (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, confirming its leadership in innovating and executing equity offerings in a selective market environment. This offering achieved a coverage ratio of 15.2 times the size of the primary offering, with subscription values exceeding 776.7 million KWD, reflecting deep confidence in the issuer and the efficiency of the transaction structure.
As the bookrunner, exclusive listing advisor, joint lead manager, and joint bookrunner, the National Investment Company led the transaction through all its stages, from structuring and coordinating with regulatory authorities to building the order book, initial and final allocation, and successful listing. The company also exceptionally managed to extend the listing approval to mitigate the negative impact of regional tensions and ensure strong trading activity post-listing. The share price rose to 910 fils from its listing until the end of the second quarter of the current year, an increase of 47.2%. This reflects the success of the offering and listing execution, the efficiency in managing various stages, and confirms the company’s professionalism in applying innovative business models.
Al-Mukhaima continued by highlighting the company’s success in managing all regulatory procedures smoothly in coordination with the Capital Markets Authority, the Kuwait Stock Exchange, and the Kuwait Clearing Company, leading to the successful listing in the First Market of the Kuwait Stock Exchange. The subscription attracted thousands of subscribers, alongside a notable participation from international institutional investors from the United Kingdom, the Kingdom of Saudi Arabia, and the United Arab Emirates. This enhances Kuwait’s position as a destination for high-quality equity offerings and cross-border capital flows.
In parallel, the company pushed forward with a strong portfolio of equity market transactions. These included preliminary preparations for upcoming public offerings in the education and retail sectors via its electronic platform in Gulf Cooperation Council (GCC) countries. It also managed a private placement in a capital increase for one of the largest transportation companies operating in the GCC, which launched its private subscription in June 2026 and lasted for two weeks. Additionally, the company conducted feasibility assessments for listing one of the companies operating in the food and beverage sector on the Kuwait Stock Exchange, assessed the financing needs of one of the companies in the entertainment sector, and carried out preliminary review and structuring work for the public offering of one of the leading and professionally managed groups in the IT services and systems integration sector in the Middle East.
Regarding the performance of the Institutions and Wealth sector, Al-Mukhaima noted that the sector continued to achieve strong results during the second quarter of 2026. The number of new investment portfolios reached dozens across various types. The value of assets under management at the company increased by 6.45% by the end of the second quarter of the current year compared to the first quarter of the same year, reflecting the continued growth of the sector’s business and its contribution to enhancing the company’s assets under management. The sector, in cooperation with relevant departments, continued to implement initiatives to develop electronic platforms to elevate the level of services provided to investors, alongside developing internal procedures according to best practices. This contributes to raising the efficiency of executing investor requests and enhancing the quality of services provided.
As for the performance of the Asset Management sector, Al-Mukhaima praised the performance of the company’s investment products during the second quarter of the current year, despite the challenges faced by Gulf markets due to geopolitical developments and their associated exceptional conditions, fluctuations in investor sentiment, and liquidity movements in the region. Some of the company’s funds and investment portfolios showed positive results during the second quarter, despite an investment environment characterized by volatility and challenges. This reflects the ability of the adopted investment strategies to adapt to the changes witnessed by the markets during the period.
Furthermore, the Financial Instruments team continued during the first half of 2026 to add four newly listed companies on the Kuwait Stock Exchange to its market-making portfolio, bringing the total number of companies to 20. This expansion reflects the growing confidence in the company’s services and its efficiency in supporting the liquidity of securities and enhancing trading efficiency.
Al-Mukhaima clarified that the Real Estate sector achieved a positive performance during the first half of 2026, supported by rising occupancy rates in owned and managed assets. This contributed to enhancing operational stability and revenue sustainability. In addition, the company participated in the consortium proposed by the Public-Private Partnership Projects Authority (KAPP) and the Ministry of Finance, as part of its strategy to enhance its real estate investments and contribute to implementing high-quality projects that support economic development according to the highest standards.
**Expanding Horizons for Future Growth**
In the context of future growth, Al-Mukhaima stated that the Strategy and Institutional Development sector continued during the first half of the current year to implement the five-year transformation strategy, achieving notable progress in implementation stages. The company continued to develop its products and services by advancing the electronic trading project, completing procedures related to updating investment funds, issuing the 2025 Sustainability Report, and beginning preparations for the 2026 Sustainability Strategy.
Internal initiatives for the company saw progress in the transition to an AI-First company through the application of artificial intelligence technologies, enhancing the company’s innovation capabilities and raising operational efficiency. On the other hand, Al-Mukhaima pointed out the contribution of the Technology and Digital Transformation sector in strengthening digital infrastructure and business continuity, launching several digital services and systems, most notably the digital subscription system, which contributed to raising operational efficiency, enhancing risk management, and beginning the implementation of the Odoo real estate system. This enhances governance and supports the company’s readiness to adopt the latest digital solutions and achieve sustainable growth.
Al-Mukhaima praised the efficiency of the human capital at the National Investment Company, noting that the localization rate reached 70%, and the representation of women increased to 32%. The “SHIFT” program continued to qualify Kuwaiti female graduates for the investment sector, alongside the “Bidayah” and “Ascend” programs to develop competencies in the early stages of their careers. The sector continued to invest in developing employee capabilities through training and professional programs, including the “Outward Mindset” initiative, alongside enhancing operational readiness and business continuity, developing succession planning, and preparing future leaders. This supports the sustainability of competencies and enhances the corporate culture.
In conclusion of his statement, Al-Mukhaima emphasized that the National Investment Company enters the next phase with a vision centered on maximizing added value and enhancing its ability to seize investment opportunities under various circumstances. He indicated that the company will continue to invest in developing its business and operational competencies, thereby consolidating its competitiveness and enhancing its position as a leading financial institution. This is accompanied by a commitment to providing innovative investment solutions that contribute to achieving sustainable value for shareholders and clients and supporting the national economic process.
**Consecutive Achievements**
The National Investment Company continued to strengthen its pioneering presence at the level of the State of Kuwait and the region, by receiving several distinguished awards covering three main sectors that represent the pillars of the company’s work: the Marketing and Corporate Communications Sector – “Best Investment Brand in Kuwait 2026”; the Asset Management Sector – “Best Asset Management Company in Kuwait 2026”; and the Institutions and Wealth Sector – “Best Investor Relations Company in Kuwait 2026.” These awards were part of the Global Banking and Finance Review Awards for 2026, which is a leading media platform and printed magazine providing independent analysis, news, and opinions on the world of banking, finance, investment, and fintech. The platform offers a comprehensive and balanced view for decision-makers in the financial sector.
**Expansion in Regional Markets**
Continuing the regional expansion of the National Investment Company with the opening of its first regional headquarters in the Dubai International Financial Centre (DIFC), which enhanced the company’s presence and expanded its range of investment services to meet the needs of a broader segment of customers within and outside the region. The company is currently pursuing regional expansion in Gulf markets to support the goal of creating a regional distribution network and enhancing access to investment opportunities. This is in line with the company’s strategy aimed at consolidating its presence in Gulf markets, expanding its range of investment services, and contributing to providing integrated financial solutions that meet customer needs.
