06/08/2026 05:06 AST
National Investments Company announced its financial results for the second quarter of 2026, ended 30 June 2026. The Company maintained a robust financial position, underpinned by a strong financial base that supports its ability to navigate economic developments and capitalize on investment opportunities aligned with its long-term strategy.
Despite continued volatility across regional and global financial markets and the resulting challenges facing the investment environment, the positive indicators that began to emerge during the second quarter reflected the soundness of the Company's strategic approach.
During the second quarter of 2026, the Company recorded revenues of KD 17 million and other comprehensive income of approximately KD 5 million. Net profit for the three-month period ended 30 June 2026 amounted to KD 12.3 million, representing earnings per share of 15.4 fils. Total assets stood at KD 353.6 million, while total equity attributable to shareholders of the Parent Company amounted to KD 206.6 million. Assets under management reached KD 1.3 billion as at the end of the second quarter of 2026.
Commenting on the results, Khaled Waleed Al-Falah, Chairman of National Investments Company, stated that the Company's performance during the second quarter of 2026 demonstrated its ability to adapt to a volatile investment environment characterized by heightened caution across financial markets. He noted that the Company achieved a gradual improvement in performance compared with the first quarter, supported by the easing of certain geopolitical pressures and improved activity across several markets.
Al Falah explained that the Company continued to adopt a balanced investment approach focused on maintaining asset quality, enhancing portfolio-management efficiency and implementing effective risk-management policies. These measures contributed to mitigating the impact of market volatility and preserving the strength of the Company's financial position.
A Strategic Vision Supporting Sustainable Growth
In this context, Al Falah affirmed that the results recorded during the second quarter demonstrate the Company's success in strengthening its operational resilience and enhancing the efficiency of its business operations, positively contributing to its performance compared with the beginning of the year.
He added that the Company continues to implement its strategic plans in line with a vision focused on achieving balanced and sustainable growth. This is supported by maintaining a strong financial position, enhancing the quality of its investment assets and further developing its risk management, governance and internal control frameworks in accordance with international best practices. These efforts strengthen the Company's ability to navigate changing market conditions and achieve long-term stability and growth.
Al Falah further noted that the Company continues to invest in developing its institutional capabilities and human capital, enhancing operational efficiency and accelerating its digital transformation. These efforts contribute to improving service quality and operational effectiveness, alongside the continued development of investment solutions and products that meet the needs of diverse client segments and keep pace with rapidly evolving market trends.
He highlighted that the Company's strong capital base and sound liquidity position provide it with considerable capacity to capitalize on attractive investment opportunities as they arise, both in the local market and across regional markets. This supports asset growth and the generation of sustainable returns that enhance shareholder value.
Al Falah also emphasized that sustainability has become an integral part of the Company's strategy. National Investments Company continues to embed the principles of governance, sustainability and social responsibility across its various activities, recognizing the importance of balancing economic performance with the Company's broader social impact.
Concluding his remarks, Khaled Waleed Al Falah expressed his appreciation for the continued trust and support of the Board of Directors. He also commended the efforts of the executive management team and all employees of National Investments Company, whose expertise and commitment have strengthened the Company's ability to navigate changing conditions and deliver results that reflect the strength of the institution.
He reaffirmed that the Company will continue to pursue a balanced strategy founded on financial discipline, prudent risk management and well-considered investments. This will further strengthen its ability to create sustainable value for shareholders and reinforce its position as a leading investment institution in Kuwait and the wider region.
Key Milestones in the Company's Performance
Fahad Abdulrahman AlMukhaizim, Board Member and Chief Executive Officer of National Investments Company, stated that the Financial Advisory Department within the Investment Banking and Alternative Investments Sector continued to reinforce its position as a leading force in Kuwait's equity capital markets through the execution of innovative, high-impact transactions. These achievements have further strengthened the Company's reputation as a trusted and established investment banking partner.
During the first half of 2026, the Company executed transactions with an aggregate value exceeding USD 2.5 billion. Among the most notable was the highly successful private placement and listing of Trolley General Trading Company in March 2026. This landmark transaction represented Kuwait's only initial public offering during the first half of 2026 and was completed within an exceptionally short timeframe between the conclusion of the subscription process and the listing date, underscoring the Company's leadership in structuring and executing equity offerings within a selective market environment.
The offering was 15.2 times oversubscribed, with subscription orders exceeding KD 776.7 million, reflecting strong investor confidence in the issuer and the effectiveness of the transaction structure. Acting as Subscription Agent, Exclusive Listing Advisor, Joint Lead Coordinator and Joint Bookrunner, National Investments Company led every stage of the transaction, from structuring and coordination with regulatory authorities to bookbuilding, preliminary and final allocation, and the successful listing.
The Company also secured an exceptional extension to the listing approval to mitigate the adverse impact of regional tensions and support strong post-listing trading. The share price reached 910 fils by the end of the second quarter of 2026, representing an increase of 47.2% since listing. This performance reflects the successful execution of the offering and listing, the effective management of its various stages and the Company's expertise in implementing innovative transaction models.
AlMukhaizim further highlighted the Company's seamless management of all regulatory procedures in coordination with the Capital Markets Authority, Boursa Kuwait and Kuwait Clearing Company, culminating in the successful listing on Boursa Kuwait's Premier Market.
The offering attracted thousands of subscribers, alongside notable participation from international institutional investors in the United Kingdom, Saudi Arabia and the United Arab Emirates. This further reinforces Kuwait's position as an attractive destination for high-quality equity offerings and cross-border capital flows.
In parallel, the Company continued to advance a strong pipeline of equity capital markets transactions. These included preliminary preparations for prospective initial public offerings in the education sector and for a retail company operating through its digital platform across GCC markets. The pipeline also included a private placement associated with the capital increase of one of the GCC's largest transportation companies. Its subscription period was launched in June 2026 and remained open for two weeks.
In addition, the Company assessed the feasibility of listing a food and beverage company on Boursa Kuwait, evaluated the financing requirements of a company operating in the entertainment sector, and undertook the preliminary review and structuring of a potential initial public offering for a leading, professionally managed information technology services and systems integration group in the Middle East.
Commenting on the performance of the Institutional and Wealth Management Sector, AlMukhaizim noted that the sector continued to deliver strong results during the second quarter of 2026. Dozens of new investment portfolios across various categories were established, while the value of the Company's assets under management increased by 6.45% at the end of the second quarter compared with the first quarter of the same year. This reflects the continued growth of the sector's activities and its contribution to expanding the Company's assets under management.
In collaboration with the relevant departments, the sector also continued to implement initiatives aimed at developing the Company's digital platforms and enhancing the services provided to investors. Internal procedures were also further developed in line with best practices, contributing to greater efficiency in processing investor requests and improving the overall quality of service.
Regarding the performance of the Asset Management Sector, AlMukhaizim commended the performance of the Company's investment products during the second quarter of 2026, despite the challenges faced by GCC markets as a result of geopolitical developments and the accompanying exceptional circumstances, fluctuations in investor sentiment and shifts in liquidity across the region. Several of the Company's investment funds and portfolios recorded positive results during the quarter despite the challenging and volatile investment environment. This reflects the ability of the Company's investment strategies to adapt to the changing market conditions experienced during the period.
During the first half of 2026, the Financial Instruments Team also added four newly listed companies on Boursa Kuwait to its market-making portfolio, bringing the total number of companies covered to 20. This expansion reflects growing confidence in the Company's services and its capabilities in supporting securities liquidity and enhancing trading efficiency.
AlMukhaizim also stated that the Real Estate Sector delivered positive performance during the first half of 2026, supported by higher occupancy rates across owned and managed properties. This contributed to strengthening operational stability and sustaining revenue generation.
The Company also participated as part of a consortium in an opportunity tendered by the Kuwait Authority for Partnership Projects and the Ministry of Finance, in line with its strategy to expand its real estate investments and contribute to the implementation of high-quality projects that support economic development in accordance with the highest standards.
Expanding the Horizons of Future Growth
Addressing the Company's future growth, AlMukhaizim stated that the Strategy and Corporate Development Sector continued to implement the five-year transformation strategy during the first half of 2026, achieving notable progress across its various implementation phases.
The Company continued to enhance its products and services by advancing the electronic trading project, completing procedures related to the enhancement of its investment funds, issuing its 2025 Sustainability Report and commencing the development of its 2026 Sustainability Strategy. The Company's internal initiatives also marked further progress in its transition toward becoming an AI-first organization through the adoption of artificial intelligence technologies that support innovation and enhance operational efficiency.
AlMukhaizim also highlighted the Technology and Digital Transformation Sector's contribution to strengthening the Company's digital infrastructure and business continuity capabilities. The sector launched several digital services and systems, most notably the digital subscription platform, contributing to greater operational efficiency and more effective risk management.
The Company also commenced the implementation of the Odoo real estate management system, which will enhance governance, strengthen its readiness to adopt advanced digital solutions and support sustainable growth.
AlMukhaizim commended the efficiency of National Investments Company's Human Capital Sector, noting that the Company's Kuwaitization rate reached 70%, while female representation increased to 32%. The "SHIFT" program also continued to prepare Kuwaiti female graduates for careers in the investment sector, alongside the "Bidaya" and "Ascend" programs, which focus on developing talent at the early stages of their professional careers. The Sector continued to invest in strengthening employees' capabilities through professional and training programs, including the "Outward Mindset" initiative. It also focused on enhancing operational readiness and business continuity, developing succession planning, and preparing future leaders, thereby supporting the sustainability of talent and reinforcing the Company's corporate culture.
Concluding his remarks, AlMukhaizim affirmed that National Investments Company is entering its next phase with a vision focused on maximizing added value and strengthening its ability to capitalize on investment opportunities under varying market conditions.
He noted that the Company will continue to invest in developing its business activities and operational capabilities, further reinforcing its competitiveness and position as a leading financial institution. The Company remains committed to delivering innovative investment solutions that create sustainable value for shareholders and clients while supporting the continued development of the national economy.
Continued Recognition and Achievements
National Investments Company continued to reinforce its leading position in Kuwait and across the region by receiving several prestigious awards spanning three key sectors that represent the core pillars of its business.
The Marketing and Corporate Communications Sector received the "Investment Brand of the Year in Kuwait 2026" award, the Asset Management Sector received the "Best Asset Management Company in Kuwait 2026" award, and the Institutional and Wealth Management Sector received the "Best Investor Relations Company in Kuwait 2026" award.
These accolades were presented as part of the 2026 Global Banking & Finance Review Awards. Global Banking & Finance Review is a leading media platform and print publication that provides independent analysis, news and insights across banking, finance, investment and financial technology, offering decision-makers in the financial sector a comprehensive and balanced perspective on industry developments.
Expanding Across Regional Markets
As part of its continued regional expansion, National Investments Company opened its first regional office at the Dubai International Financial Centre. This milestone strengthened the Company's regional presence and broadened the reach of its investment services, enabling it to meet the needs of a wider client base within and beyond the region.
The Company is also pursuing further expansion across GCC markets in support of its objective to establish a regional distribution network and enhance access to investment opportunities.
These efforts form part of the Company's strategy to reinforce its presence across GCC markets, broaden the scope of its investment services and deliver integrated financial solutions that meet the evolving needs of its clients.
Kuwait Times
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