KAMCO Invest Reports Q2 2026 Profits of 3.6 Million Kuwaiti Dinars
- Talal Al-Ali: The company’s return to profitability in the second quarter reflects the robustness of its business model and its ability to overcome challenges.
- Faisal Sarakhou: We are strengthening our strategic relationship with Bank of Kuwait and the National Bank (BNK) and expanding our partnerships with leading global investment managers.
KAMCO Invest announced its financial results for the period ended June 30, 2026. The company recorded net profits of KD 3.6 million (earnings per share: 10.57 fils) in the second quarter, compared to net profits of KD 5.9 million (earnings per share: 17.28 fils) during the same period last year. The strong performance in the second quarter helped offset losses incurred in the first quarter, enabling the company to return to profitability and close the first half of the year with a net profit of KD 0.3 million (earnings per share: 1 fils).
Despite ongoing geopolitical uncertainty, weak market sentiment, and slowing economic activity, the company achieved strong growth in fee and commission revenues during the second quarter, which rose by 24 percent to reach KD 5.2 million, compared to KD 4.2 million during the same period in 2025. Meanwhile, fee and commission revenues for the first half of the year increased to KD 8.5 million, up from KD 7.5 million in the corresponding period last year, representing a 14 percent growth.
Fee and commission revenues continued to constitute the company’s primary revenue source, contributing 60.1 percent of total revenues in the second quarter and 82.8 percent during the first half of the year, underscoring the robustness and sustainability of its recurring revenue business model.
In parallel, the company continued to enhance its operational efficiency. General and administrative expenses decreased by 31.4 percent in the second quarter to KD 4.5 million, and fell by 16.5 percent during the first half of the year to KD 9.2 million, compared to the same periods last year.
The first half of the year witnessed a noticeable deterioration in the macroeconomic environment due to escalating regional tensions, which negatively impacted global trade flows and investor sentiment. Additionally, the temporary closure of the Strait of Hormuz, alongside broader challenges related to supply chains and logistics, heightened uncertainty regarding energy exports and the region’s economic growth outlook. Furthermore, the sharp rise in crude oil prices contributed to higher inflation rates, prompting global central banks to reconsider their rate-cutting stances, with growing expectations of potential rate hikes.
Gulf Cooperation Council (GCC) markets were directly affected, given the region’s pivotal role in global energy and petrochemical supplies. Disruptions in oil exports, rising production costs, and unclear economic activity prospects negatively impacted investor confidence and liquidity levels. Nevertheless, most GCC equity markets managed to recover during the second quarter, recouping first-quarter losses and ending the first half of the year with gains. The Dubai Financial Market led regional markets in the second quarter with a 9.6 percent rise, followed by Bahrain at 7.6 percent, and Kuwait at 3.4 percent.
KAMCO Invest continued to strengthen its strategic relationship with Bank Al-Bahrain, contributing to the provision of a broader and more integrated suite of financial services for clients. As part of this collaboration, the company hosted the third edition of its Investment Conference, which has become a leading intellectual platform in Kuwait, bringing together a distinguished group of senior executives, decision-makers, and investors from Kuwait and the region to discuss key global trends and explore promising investment opportunities.
As of June 30, 2026, the company’s managed assets reached $18 billion, maintaining its position among the top ten asset managers in the Middle East and North Africa (MENA) region. Furthermore, Forbes Middle East ranked KAMCO Invest among the leading asset managers in the region for 2026, recognizing its impressive track record and deep expertise in delivering diverse investment solutions tailored to client needs.
Equity and fixed-income managed portfolios continued to outperform their respective benchmarks. KAMCO Invest’s equity funds maintained their competitive standing, with the KAMCO Investment Fund receiving multiple Lipper Fund Awards for 2026, issued by the London Stock Exchange Group (LSEG), across six categories, in recognition of its outstanding performance over three-, five-, and ten-year periods.
In the alternative investments sector, which includes real estate, private equity, and structured products, the team continued to expand and diversify the investment solutions offered to clients. KAMCO Invest signed a €300 million partnership agreement with Santander Alternative Investments to provide Sharia-compliant, income-generating investment opportunities in European private real estate financing for investors in the Gulf region. Additionally, the team initiated capital calls for the co-managed leasing strategy with New York Life Investments’ Flexsam Invest, and successfully completed the third income distribution to clients.
The banking investments team continued to provide advisory services to a number of clients on various transactions across equity capital markets, debt instruments markets, and mergers and acquisitions, with expectations of closing further deals in the remainder of the year. The team successfully managed two debt issuances with a total value exceeding $1 billion and played a pivotal role in the financial restructuring of the Diggit Group, acting as bookrunner and underwriting agent for a capital increase that was successfully completed with demand exceeding 21 times the offered shares, at a total value surpassing KD 127 million.
Al-Awlaa for Financial Brokerage, the company’s brokerage arm, continued to enhance its competitive position, successfully attracting new institutional and retail clients by leveraging its electronic trading services.
KAMCO Invest – Saudi Arabia and KAMCO Invest – DIFC also continued to strengthen their presence in their respective markets by developing services and contributing more significantly to the company’s core activities, particularly in asset management.
The company maintains a strong financial position, with total shareholders’ equity attributable to the parent company’s shareholders reaching KD 66.6 million as of June 30, 2026. Capital Intelligence Ratings maintained the company’s long-term credit rating at ‘BBB’ and its short-term rating at ‘A3’, with a stable outlook.
Commenting on the results, Chairman Sheikh Talal Ali Abdullah Al-Jaber Al-Sabah said: “The second quarter saw the company return to profitability, reflecting the resilience of our business model and its ability to withstand challenges despite a difficult operating environment. More importantly, the sustained growth in fee and recurring commission revenues underscores the quality and sustainability of our earnings, highlighting the strength of our core business and the high level of confidence our clients place in our expertise.”
For his part, Chief Executive Officer Faisal Mansour Sarrouh said: “We remain optimistic about the continued growth in fee and commission revenues, despite the challenges posed by the operating environment and the slowdown in economic activity. This comes alongside our ongoing implementation of efficient cost-reduction programs, which contributed to a double-digit decline in operating expenses.”
Sarrouh added: “In the coming period, we look forward to further strengthening our strategic relationship with Bank of Bahrain and Kuwait (BKB) to expand our customer base and offer a more comprehensive suite of integrated financial products and services. We will also continue to expand our partnerships with leading global asset managers to enhance our investment platform, provide high-quality investment opportunities, and deliver greater value to our clients.”
