Kuwait-based Kamco Invest reported a net profit of KWD1.5M for the first nine months of 2026, compared with KWD7.9M during the same period last year.
The company said stronger performance in the second and third quarters helped offset losses recorded in the first quarter following a sharp decline in financial markets. Earnings per share stood at 4.43 fils, down from 23.07 fils a year earlier.
Fee and commission income increased 19.3% year on year to KWD13.7M, accounting for 81.4% of total income of KWD16.9M. General and administrative expenses fell 12.9% to KWD13.6M.
Assets under management reached $17.3B as of September 30, up 4.6% since the start of the year. Kamco Invest also said it maintained its position among the 10 largest asset managers in the MENA region.
Shareholders approved a proposal to change the company’s name to Burgan Capital Investment Company at a general assembly held on November 8. The company also signed a EUR300M partnership with Santander Alternative Investments focused on Sharia-compliant European real estate private credit opportunities.
Source: Kamco Invest
