Wednesday, 12 November 2025
Kamco Invest has reported a net profit of KWD 7.9 million for the nine months ending 30 September 2025, up from KWD 3.5 million in the same period last year. Earnings per share increased to 23.07 fils, compared to 10.14 fils in 2024.
Total revenues rose 35.1% year-on-year to KWD 25.0 million. Fee and commission income amounted to KWD 11.5 million, slightly below the KWD 12.1 million recorded in the first nine months of 2024. The increase in total revenues was mainly attributed to investment portfolio performance and proceeds from a legal case in favour of the company.
Assets under management totalled USD 16.4 billion as of the end of September, a 3% increase since the beginning of the year. Kamco Invest said its managed portfolios outperformed their benchmarks, with equity funds ranking among the stronger performers on Boursa Kuwait and Tadawul, based on public disclosures.
In the alternatives segment—which includes real estate, private equity, and structured products—the company completed the acquisition of a 60% stake in European Green Logistics Space (EGLS), a developer and manager of logistics properties in Europe. Kamco Invest also exited its investment in Turkish fashion retailer Yargici, selling the stake to TIMS Group.
The firm continued to deploy capital through its private equity platform, with investments in technology companies Foodics and Unifonic. Its closed-end JEDI Fund, focused on U.S. technology investments, reported a multiple on invested capital of 1.3x.
Kamco Invest’s investment banking division advised on several transactions during the period, including acting as joint lead manager on USD 4.3 billion of bond and sukuk issuances across Kuwait, Saudi Arabia, the UAE, and Qatar.
The brokerage subsidiary continued to expand its client base through digital trading services. Meanwhile, the company’s operations in Saudi Arabia and Dubai International Financial Centre reported growth in asset management activities. Kamco Invest – Saudi signed a partnership with Flexam Invest to offer leasing investment products and relocated to new offices in Riyadh’s King Abdullah Financial District.
Total assets rose 4.8% to KWD 136.1 million, while shareholders’ equity increased 10.1% to KWD 68.5 million. The company maintained a “BBB” long-term credit rating and “A3” short-term rating with a stable outlook from Capital Intelligence as of May 2025.
Company representatives said the year-to-date results reflect disciplined execution of the firm’s strategy and continued expansion of investment offerings.
