CMA data reveals asset shift: Conventional firms hold 115 billion dinars, Islamic 78 billion
The Capital Markets Authority (CMA) reported that the total assets of listed companies in Kuwait reached 192 billion dinars by the end of the third quarter of 2025, marking a 3.5% decrease compared to the second quarter.
The banking sector represented the largest portion of these assets, totaling 134.8 billion dinars, with 73.4 billion held by conventional banks and 61.3 billion by Sharia-compliant banks. Listed conventional companies recorded total assets of 115.5 billion dinars, while Islamic companies’ assets stood at 78.4 billion.
Excluding banks, the total current and non-current assets of the licensed persons sector reached 4.9 billion dinars as of November 2025. Conventional companies accounted for 3.58 billion, and Islamic companies 1.32 billion. Current assets alone amounted to 2.22 billion, including 1.64 billion for 48 conventional companies and 572.5 million for 17 Islamic companies.
Among conventional companies, cash and cash equivalents totaled 249.3 million dinars, with 267.4 million in current term deposits and 98.5 million in credit facilities.
Trade receivables and other receivables were valued at 149.1 million, while financial assets at fair value through profit and loss reached 756.6 million. Other assets included 44.9 million in assets through comprehensive income, 855 million at amortized cost, 23.3 million in inventory, 18.6 million in assets held for sale, and 39.5 million in other current assets.
Islamic companies reported 121 million in cash and cash equivalents, 50.4 million in term deposits, 209.3 million in financial assets at fair value through other comprehensive income, and 109.2 million in trade and other receivables.
Total non-current assets amounted to 2.68 billion dinars, with 1.93 billion for conventional companies and 751.2 million for Islamic companies.
Shareholders’ rights in the licensed persons sector (excluding banks) totaled 3.6 billion dinars—2.65 billion in conventional companies and 951.6 million in Islamic companies.
The largest components were issued capital at 1.53 billion, reserves at 831.6 million, and non-controlling shares at 320.8 million. Total liabilities reached 1.3 billion dinars, split between 931.8 million for conventional companies and 372.1 million for Islamic companies.
Regarding collective investment schemes, total assets reached 3.1 billion dinars, almost evenly split between conventional (1.6 billion) and Islamic schemes (1.5 billion). Money market schemes led with 1.6 billion in assets, followed by securities schemes with 1.2 billion.
The comprehensive income statement for licensed persons (excluding banks) amounted to 481.6 million dinars across 65 entities, including 379.7 million for conventional companies and 101.8 million for Islamic companies. Total equity in listed companies reached 35.5 billion dinars, with conventional companies accounting for 23.7 billion.
