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Boursa Kuwait sees a 61.12% surge in its net ‎profit for the first half of 2025‎

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KUWAIT CITY, Jul 29: In a meeting of its Board of Directors ‎on Tuesday, July 29, 2025, Boursa Kuwait announced that it ‎recorded a net profit of KD 15.11 million for the first half of ‎‎2025, a 61.12% increase from its total for the corresponding ‎period in 2024, when the company recorded profits of KD9.38 ‎million.‎

The company’s remarkable improvement in net profit was largely ‎driven by strong growth in total operating revenues, which reached ‎KD 24.20 million in the first half of 2025, representing a 41.13% ‎increase from the KD 17.15 million recorded in the same period ‎in2024. Operating profit also saw a significant boost, rising ‎‎59.53% from KD 11.58 million to KD 18.47 million, while earnings ‎per share increased 61.12% from 46.71fils in the first half of ‎‎2024 to 75.27fils for the period ended June 30, 2025.‎

The Group’s total assetscame in at KD123.87 million as of June 30, ‎‎2025, which is a 9.26% increase over its KD 113.37 million total ‎in 2024, while shareholders’ equity attributable to equity holders ‎of the parent company increased from KD 58.75 million as of June ‎‎30, 2024, to KD 66.20 million as of June 30, 2025, an increase of ‎‎12.68%.‎

Boursa Kuwait’s financial results for the first half of 2025 serve ‎as a clear indicator of the company’s strong financial position ‎and the effectiveness of its operational strategies.‎

‎“These results reaffirm Boursa Kuwait’s capacity to navigate the ‎complex geopolitical and economic challenges experienced worldwide ‎while maintaining sustainable growth supported by revenue ‎diversification and enhanced liquidity levels, which strengthens ‎confidence in the exchange’s operational efficiency and long-term ‎resilience,” said Boursa Kuwait Chairman Mr. Bader Nasser Al-‎Kharafi.‎

‎“This growth marks a significant milestone in our journey, giving ‎us greater momentum to advance our development plans to modernize ‎market infrastructure, diversify investment instruments and ‎strengthen its appeal to both local and international investors. ‎It also reinforces Boursa Kuwait’s position as a key driver of ‎economic growth and a major contributor to the state’s vision of ‎becoming a competitive financial and investment hub in the region, ‎capable of attracting strategic and long-term capital from around ‎the world,” he added.‎

To pave the way for Part Two of Phase Three of the Market ‎Development Program, the Kuwaiti capital market apparatus has ‎undertaken major enhancements to restructure its regulatory and ‎operational infrastructure. Officially rolled out earlier this ‎month, the phase reflects the close collaboration between Boursa ‎Kuwait, the Capital Markets Authority, the Central Bank of Kuwait, ‎Kuwait Clearing Company, local banks and investment and brokerage ‎firms as well as their collective efforts to advance the ‎development and sustainability of the Kuwaiti capital market and ‎the national economy.‎

Al-Kharafistressed that this achievement is the direct result of ‎seamless collaboration across the capital market apparatus and a ‎shared determination to create tangible value for investors, ‎stating that Boursa Kuwait remains committed to accelerating ‎growth and delivering transformative milestones that secure the ‎long-term sustainability of the national economy, working closely ‎with all stakeholders in the Kuwaiti capital market apparatus.‎

‎“This breakthroughunderscores the private sector’s agility and ‎effectiveness in advancing development and forging impactful ‎partnerships with the public sector, further cementing Kuwait’s ‎position as a confident and rising regional financial hub,” he ‎said.‎

The Boursa Kuwait Chairman concluded his statement, saying: “On ‎behalf of the Board of Directors, I would like to express my ‎gratitude to our shareholders for their continued trust in the ‎company and to executive management and employees for their ‎unwavering dedication and commitment to excellence. I would also ‎like to thank the Capital Markets Authority and the Ministry of ‎Commerce and Industry for their ongoing support and collaboration, ‎which have contributed to strengthening market stability and ‎raising its standards.‎

‎“My appreciation also goes to the investors, traders and market ‎participants for their sustained confidence in Boursa Kuwait, ‎reaffirming our commitment to deliver a superlative investment ‎experience and working closely with the capital market apparatus ‎to deliver greater milestones in the future,” he said.‎

The Kuwaiti capital market continuedits upward trajectory in the ‎first half of 2025, with traded value soaring by 90.39% from KD ‎‎6.63 billion in the first half of 2024to KD 12.63 billion in the ‎corresponding period in 2025, while traded volume rose by 82.95% ‎from 27.03 billion shares to 49.45 billion shares. Meanwhile, ‎average daily traded value increased by 95.31% from KD55.73 ‎million during the period ended June 30, 2024, to KD 108.85 ‎million in the period ended June 30, 2025. Additionally, market ‎capitalization reached KD 50.53 billion, marking a23.20% increase ‎from thetotal of KD 41.02 billion recorded during the first half ‎of 2024.‎

The “Premier” Market was a key driver of market activity, with ‎value traded increasing 47.09% from its total of KD 4.99 billion ‎in the first half of 2024 to KD 7.34 billion in the first half of ‎‎2025, with approximately 20.21 billion shares traded in the first ‎half of 2025, an increase of 40.98% over the 14.34 billion shares ‎traded in the period ended June 30, 2024. Meanwhile, the market ‎capitalization in Boursa Kuwait’s flagship market increased ‎by24.45% from KD 33.97 billion to KD 42.27 billion in the period ‎ended June 30, 2025. ‎

The “Main” Market also played a significant role in enhancing ‎overall market liquidity, as traded value increased by 221.36% ‎from KD 1.65 billion to KD 5.29 billion in the first half of 2025, ‎while trading volume increased from 12.69 billion shares in the ‎first half of 2024 to 28.60 billion shares in the first half of ‎‎2025, an increase of125.38%. Market capitalization, meanwhile, ‎rose by 17.20% from KD 7.05 billion in the period ended June 30, ‎‎2024, to KD 8.27 billion in the period ended June 30, 2025. ‎

Boursa Kuwait’s Chief Executive Officer Mr. Mohammad Saud Al-‎Osaimipraised the Kuwaiti capital market’s performance during the ‎first half of 2025,emphasizing that these resultsare an indication ‎of the positive response to the operational and regulatory ‎enhancements in the Kuwaiti capital market, noting Boursa Kuwait’s ‎commitment to developing a balanced and efficient investment ‎environment that serves investors of all asset classes. ‎

‎“These positive indicators showcase the robustness of the Kuwaiti ‎capital market’s regulatory framework and our continued efforts to ‎enhance infrastructure, diversify products and elevate the ‎investor experience, further strengthening Boursa Kuwait’s ‎position as a catalyst for sustainable economic growth that meets ‎the standards of investors across all segments,” he added.‎

‎“The segmentation of the market plays a pivotal role in ‎structuring trading activities to meet liquidity needs and ‎accommodate a diverse investor base. The “Premier” Market has ‎maintained stable trading values, while the “Main” Market has ‎shown remarkable activity, reflecting heightened interest and ‎interaction with the investment opportunities it offers,” he said.‎

As part of its ongoing efforts to strengthen the Kuwaiti capital ‎market’s global presence, Boursa Kuwait organized a series of ‎roadshows and corporate days targeting the international ‎investment community in collaboration with Kuwait Clearing ‎Company. These included a virtual roadshow for asset managers in ‎Asia in collaboration with HSBC, as well as an in-person roadshow ‎in London in collaboration with Jefferies Financial Group. The ‎events showcased Boursa Kuwait’s journey since privatization and ‎highlighted the key developments and investment opportunities ‎within the Kuwaiti capital market. ‎

Additionally, Boursa Kuwait participated in the fourth GCC ‎Exchanges Conference, organized by HSBC in London, coinciding with ‎its 15th Corporate Day, which featured eight companies listed on ‎the “Premier” Market. ‎

Al-Osaimi noted that Boursa Kuwait continues to attract investors ‎through its series of Corporate Days and Roadshows held in major ‎financial capitals, reflecting the State of Kuwait’s vision to ‎emerge as a premier financial and investment hub in the region.‎

He added, “Through active engagementwith world-renowned investment ‎banks, sovereign wealth funds, pension funds and asset management ‎firms, the exchange has cultivated a robust investor base as ‎institutional investors accounted for 65.08% of total ‎participants, a testament to the Kuwaiti capital market’s growing ‎stability, enhanced liquidity, and increasing appeal to both local ‎and international investors.”‎

The Boursa Kuwait CEO concluded his remarks by thanking the ‎Capital Markets Authority, Kuwait Clearing Company and market ‎participants for their continued trust in Boursa Kuwait and its ‎role as a vital contributor to the country’s economic development ‎and reaffirmed the company’s commitment to expanding its range of ‎products, enhancing market efficiency and accessibility, focusing ‎on strong governance and transparency to further strengthen ‎investor confidence. ‎

Since its inception, Boursa Kuwait has worked diligently to create ‎a thriving capital market that attracts local and foreign ‎investors through a broad spectrum of new products and services, ‎infrastructure upgrades, and market reform initiatives, as part of ‎its multi-phase market development plans. ‎

The company was fully privatized in 2019, the first government ‎entity in the country to successfully undergo the process, ‎bringing about greater levels of efficiency. Boursa Kuwait also ‎self-listed in September 2020 and has made great strides in ‎sustaining its operations and business continuity in the face of ‎uncertainties and challenges. ‎

The company has rolled out numerous market reforms and new ‎initiatives as part of its comprehensive multi-phase market ‎development (MD) plans and showcases some of the standout listed ‎companies and the investment opportunities that reside in the ‎Kuwaiti capital market through its series of Roadshows and ‎Corporate Days, putting these companies in touch with some of the ‎world’s leading investment firms and financial institutions and ‎highlighting their financial health and business strategies and ‎outlooks, to help investors gain an in-depth understanding of the ‎benefits and opportunities of investing in Kuwaiti companies.‎

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CAPT sets Oct 27 for price talks on Jaber Al-Ahmad entrances project

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KUWAIT CITY, Oct 13: The Central Agency for Public Tenders (CAPT) has approved the request of the Ministry of Public Works to set Oct 27 as the date for negotiating prices with the four companies bidding for the establishment of entrances and exits at Jaber Al-Ahmad City. CAPT decided during its meeting last Wednesday. All bidders have been required to include detailed price and quantity tables in their bids. The agency excluded two companies for not meeting the conditions and specifications, and the bidding process closed on Feb 18.

The project includes the establishment of entrances and exits in two locations in Jaber Al-Ahmad Residential City — one is the southern entrance and exit linking to Jahra Road, and the other is the eastern entrance and exit linking to Doha Road. It is worth noting that the ministry has been holding negotiation sessions with the winning companies to determine the best and most cost-effective bid.

By Mohammad Ghanem Al-Seyassah/Arab Times Staff

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Companies and funds can own real estate in Kuwait under strict controls

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KUWAIT CITY, Oct 13: As part of the State’s efforts to regulate the ownership of investment and commercial real estate and ensure balance between attracting foreign investment and preserving the privacy of the local market, Decree No. 195/2025 on the controls for real estate ownership by companies, real estate funds, and investment portfolios was issued. This is in implementation of the provisions of Decree-Law No. 74/1979 regulating real estate ownership by non-Kuwaitis. Article One of the decree, which was published in ‘Kuwait Al-Youm’ recently, stipulates that subject to the provisions of the aforementioned law, companies with non-Kuwaiti partners and listed on licensed stock exchanges in Kuwait, as well as real estate funds and investment portfolios licensed by the competent authorities, may own real estate within the country, subject to specific controls. The decree indicates that one of the basic conditions is that the purpose of the company, fund or portfolio must include dealing in real estate.

It prohibits any form of dealing in real estate, plots or land designated for private housing in any location or within any project, in a move aimed at protecting the residential character and preventing speculation in this vital sector. Article Two of the decree clarifies that its provisions do not prejudice the right of entities subject to the supervision of the Central Bank of Kuwait or others to own real estate in accordance with the law. It affirmed that citizens of the Gulf Cooperation Council (GCC) countries shall continue to be treated the same as Kuwaitis regarding ownership of land and built property in the State of Kuwait. Article Three states that the ministers—each within their respective jurisdiction—shall be responsible for implementing the provisions of the decree, which shall take effect from the date of its publication in the official gazette.

By Marwa Al-Bahrawi Al-Seyassah/Arab Times Staff

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Factors behind the reversal of losses and profitability

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KUWAIT CITY, Oct 12: Kuwait Integrated Petroleum Industries Company (KIPIC) aims to raise its profits for fiscal 2025/2026 by increasing its sales in local and international markets, which have been robust since the beginning of the year, say reliable sources. Sources pointed out that KIPIC recovered from the losses it suffered in previous years through the growth of its net profits, which amounted to about KD52.2 million in the 2024/2025 budget. They cited five main factors behind this growth.

First is the increase in the refining capacity of Zour Refinery, which reached 615,000 barrels per day in May 2024, ranking seventh globally in terms of production quantities. They explained that the refining capacity of the refinery in the years prior to its operational opening ranged between 205,000 and 410,000 barrels per day. The second factor behind KIPIC’s profit growth over the past year is the commencement of the merger of oil companies, particularly the merger of KIPIC into the Kuwait National Petroleum Company (KNPC), to shake off the losses.

The third factor is the result of the implementation of the spending rationalization policy pursued by the CEO of KNPC, who also serves as the acting CEO of KIPIC, Wadha Al-Khatib. The KNPC spending rationalization committee implemented spending rationalization last year, achieving financial savings for KIPIC estimated at KD27 million through this approach. Sources explained that the implementation of rationalization coincided with the provision of better products. The fourth factor is the focus on stimulating KIPIC’s sales in global markets by opening new markets. In the first half of 2025, the company was able to expand its sales of sulfur and diesel, in addition to producing the best type of low-sulfur jet fuel, and then exporting all of its products that comply with international requirements.

The fifth factor is the company’s interest in digital transformation, focusing on developing all aspects related to global technologies, including artificial intelligence, as these technologies are extremely useful in detecting and anticipating errors before they occur, which contributes to stable production. Sources added that there are other important factors behind KIPIC’s profitability, such as the signing of numerous contracts with international companies specializing in smart energy, renewing contracts with the largest global platforms related to technological development in the field of oil refining, and strengthening relationships with major refining companies to mutually benefit from each other’s expertise.

By Najeh Bilal Al-Seyassah/Arab Times Staff

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