Tuesday, 3 March 2026
Kuwait-based investment manager Kamco Invest reported a sharp increase in earnings for the year ended 31 December 2025, supported by higher revenues and expanded activity across its core business lines.
Net profit reached KWD9.2 million in 2025, more than double the KWD4.4 million recorded a year earlier. Earnings per share rose accordingly to 26.78 fils, compared with 12.72 fils in 2024. The company’s board has proposed a cash distribution of 10 fils per share, subject to shareholder approval.
Total income climbed to KWD33.7 million from KWD25.4 million in the previous year. Revenue generated from advisory mandates, asset management fees and related services continued to represent the largest share of the group’s income, increasing year-on-year and accounting for more than half of total revenues.
The 2025 result included the benefit of a positive legal settlement. At the same time, operating costs increased due to the launch of a new strategic platform during the year, which required upfront investment. Management said the initiative is intended to strengthen recurring income streams over the longer term.
Assets under management rose to USD16.5 billion at year-end, up by nearly USD630 million compared with 2024. During the year, the firm mobilised more than USD1.5 billion across various investment vehicles and transactions.
In capital markets advisory, Kamco Invest completed 14 transactions with an aggregate value of USD7.0 billion. These included a series of debt issuances for financial institutions and corporates across Kuwait and other Gulf markets, as well as a liquidity-related mandate for a local company.
The alternatives division, covering real estate, private equity and structured strategies, continued to broaden its footprint. The company distributed USD82 million to investors during the year and launched new initiatives, including a European logistics platform in which it holds a controlling interest. The business also expanded into private credit linked to real estate developments and entered a partnership with a US-based asset manager to develop leasing-focused credit strategies.
In technology-focused investments, the group advanced its exposure through a US-oriented fund targeting high-growth companies. It also introduced a pre-IPO vehicle dedicated to Gulf-based technology businesses and completed investments in Saudi Arabia’s Foodics and Unifonic. In addition, one of its private equity funds exited a stake in Turkish fashion brand Yargici.
The brokerage subsidiary, First Securities Brokerage Company (Oula Wasata), reported a significant rise in trading volumes, benefiting from stronger activity on Boursa Kuwait. The unit also secured regulatory approval to operate under an enhanced broker status.
Shareholders’ equity stood at KWD69.5 million at the end of 2025. Credit ratings assigned by Capital Intelligence were reaffirmed during the year with a stable outlook.
Commenting on the results, Chairman Sheikh Talal Ali Abdullah Al Jaber Al Sabah said the company’s emphasis on stable, service-driven income had helped reinforce its position during a period of market uncertainty. Chief Executive Officer Faisal Mansour Sarkhou added that the performance reflected growth across business lines, geographic expansion and continued collaboration with Burgan Bank, which became the owner of Kamco Invest’s parent entity in early 2025.
Kamco Invest, founded in 1998 and listed on Boursa Kuwait since 2003, operates across asset management, investment banking and brokerage services, with activities spanning several regional financial centres.
