Capital Markets data reveals asset strength, profits hit 16.4 million dinars
- Licensed firms’ assets climbed to 4.9 billion dinars, led by conventional companies, while Islamic finance expands. Strong trading activity, rising revenues, and booming collective investments underscore market resilience, liquidity strength, and sustained growth across Kuwait’s financial sector.
Data released by the Capital Markets Authority showed that total assets held by licensed entities, excluding banks, reached approximately 4.9 billion dinars by the end of February.
The figures reveal that 3.6 billion dinars is attributed to 48 conventional companies, while 17 Islamic firms account for 1.3 billion dinars, reflecting the continued dominance of conventional financial institutions alongside steady growth in Islamic finance.
Traded assets stood at 2.2 billion dinars, including 1.6 billion dinars for conventional companies and 646.4 million dinars for Islamic firms.
In conventional companies, the largest share of assets was concentrated in financial instruments measured at fair value through profit or loss, totaling 749.8 million dinars. This was followed by cash and cash equivalents at 273.4 million dinars and term deposits at 266.5 million dinars, reports Al-Rai daily.
For Islamic companies, current assets measured at fair value led at 208.1 million dinars, followed by cash and cash equivalents at 122.2 million dinars and trade and other receivables at 120.4 million dinars.
Non-current assets for conventional firms reached 1.9 billion dinars, including 716.3 million dinars in financial assets recorded through other comprehensive income, 586.1 million dinars at amortized cost, and 252.9 million dinars in investment properties.
Meanwhile, Islamic companies recorded 678.2 million dinars in non-current assets, distributed across 246.2 million dinars in investment properties, 119.9 million dinars in property, plant, and equipment, and 112.6 million dinars in investments in associate companies.
On the liabilities side, total current liabilities amounted to 708.7 million dinars, with 517.1 million dinars linked to conventional firms and 191.6 million dinars to Islamic firms. Non-current liabilities reached 610.2 million dinars, bringing total liabilities to approximately 1.3 billion dinars, the majority of which—954.6 million dinars—belongs to conventional companies.
Financial performance data for January and February showed total revenues of 62.3 million dinars, including 45.2 million dinars generated by conventional firms and 17.09 million dinars by Islamic entities.
Fee and commission income represented the largest revenue stream at 45.8 million dinars, followed by financing income at 7.6 million dinars, dividend income at 9.4 million dinars, and rental income at 8.1 million dinars.
Total expenses stood at 44.6 million dinars, resulting in a net comprehensive profit of 16.4 million dinars. Conventional firms contributed 10.6 million dinars to total profits, while Islamic firms recorded 5.7 million dinars.
In the collective investment sector, total assets reached 3.3 billion dinars, split between 1.7 billion dinars for conventional funds and 1.6 billion dinars for Islamic funds.
Money market instruments accounted for the largest share at 1.7 billion dinars, with Islamic funds holding 1.2 billion dinars. Securities assets totaled approximately 1.1 billion dinars, predominantly held by conventional funds at 985.1 million dinars.
Islamic funds led in real estate investments with 107.8 million dinars, compared to 22 million dinars for conventional funds. Conventional schemes also dominated debt instruments with 98.3 million dinars out of a total 124.9 million dinars, alongside 297 million dinars in multi-asset investments.
Meanwhile, Islamic funds recorded 64.02 million dinars in REITs and 9.2 million dinars in contractual schemes, highlighting their expanding role across diversified investment segments.
