Commercial Real Estate Company Reports 12.25 Million Dinars in Profits Through Q3

AbdulFatah Ma’arfi, Chairman of the Board of Directors of Al-Tijariya Company, announced that the company’s results for the financial period ending on September 30, 2026, yielded net profits of 12.258 million Kuwaiti dinars.

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

Ma’arfi emphasized that Al-Tijariya continued to deliver strong performance, driven by 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.

He pointed out that, 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.

He further stated that the company, in collaboration with its strategic investors, successfully exited its investment in the “501 First Residences” project in Miami during 2026. The project is a 40-story residential tower comprising 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.

Ma’arfi clarified that Al-Tijariya continued to reinforce its principles of environmental, social, and governance (ESG) sustainability through the implementation of national, community, environmental, and educational initiatives during the third quarter of the year, reflecting its firm commitment to corporate social responsibility and its role as an active partner in achieving sustainable development.

He noted that Al-Tijariya contributed $1 million to the Kuwait Emergency Response Fund, in support of the national initiative launched by the Kuwait Fund for Arab Economic Development, and underscoring the importance of integrating efforts between the private sector and state institutions to support stability and the continuity of essential services.

For the second consecutive year, Al-Tijariya sponsored and hosted the “Kuwait Achievement” field training exhibition at the Symphony Complex, aiming to familiarize students and graduates with training opportunities and enhance their readiness for the job market.

On the health front, the company, in collaboration with the Kuwait Heart Association and coinciding with World Heart Day, organized a heart health awareness campaign that covered the Symphony Complex, Al-Tijariya Tower, the Boulevard Complex, and the company’s headquarters.

Ma’arfi affirmed that Al-Tijariya is dedicating all its resources and capabilities to realizing its future vision by continuing to develop and grow its investments in accordance with its strategic plans, thereby contributing to sustainable growth, enhancing the company’s value, and delivering rewarding returns and added value to shareholders.