Key Points
- Kamco Invest reported 1.5 million dinars in net profit for the first nine months of 2026.
- Assets under management rose 4.6% since January to $17.3 billion by September 30.
- General and administrative expenses fell 12.9%, which the company tied to cost-rationalization programs.
The latest:
Kamco Invest booked net profit of 1.5 million Kuwaiti dinars, about $4.8 million, for the first nine months of 2026, with earnings per share of 4.43 fils. The Kuwaiti firm said its assets under management reached $17.3 billion as of September 30, up 4.6% since the start of the year. Chief Executive Faisal Sarkhou pointed to continued growth in fee and commission income.
Details:
- The headline number: Net profit for the nine months ended September 2026 came in at 1.5 million dinars, equivalent to roughly $4.8 million, according to the company’s press statement. Earnings per share stood at 4.43 fils. The statement did not break the figure down by quarter or compare it with the same period of 2025.
- Assets under management: Kamco Invest said assets under management totaled $17.3 billion on September 30, a 4.6% increase since the beginning of the year. The company said that level keeps it among the ten largest asset managers in the Middle East and North Africa region, without naming the ranking’s source.
- Cost discipline: General and administrative expenses dropped 12.9% year-on-year to 13.6 million dinars, about $43.6 million, the company said. It attributed the decline to cost-rationalization programs and described the result as a double-digit reduction in operating expenses that supports the sustainability of profitability.
- The CEO’s framing: Sarkhou said fee and commission income continued to grow, which he presented as evidence of the strength of the firm’s core activities and the quality of its income sources. He said that came “despite the challenges imposed by the operating environment and the slowdown in economic activity.”
- Burgan Bank link: Sarkhou said the company intends to deepen its strategic relationship with Burgan Bank in the coming period and draw on integration between the two institutions’ capabilities. The stated goal is to widen the client base and expand customer access to a broader set of financial and investment products and services.
- Global partnerships: The company said it is continuing to consolidate partnerships with a selection of international investment managers, which it said feeds into the development of its investment platforms. Kamco Invest framed that as a way to offer more varied investment opportunities and solutions it says deliver sustainable value to clients.
- What was left out: The statement did not disclose revenue totals, the size of fee and commission income, or the net profit recorded in the comparable period of 2025. It also set no timeline or targets for the planned expansion of cooperation with Burgan Bank.
Background:
Kamco Invest is a Kuwait-based asset manager and investment bank. Burgan Bank, cited by the chief executive as a strategic partner, is part of the same Kuwaiti financial group, which is why integration between the two institutions features in the company’s forward-looking comments.
Between the lines:
The profit figure is modest next to the scale of assets managed, and the company’s own framing leans on two levers rather than one: a 4.6% rise in assets under management and a 12.9% cut in administrative costs. With the chief executive citing a slowdown in economic activity, the expense reduction carries much of the weight behind the reported earnings improvement.
What’s next
Full-year 2026 results will show whether the double-digit expense reduction holds once the final quarter is included, and whether assets under management extend their rise beyond the $17.3 billion recorded in September.
