Companies listed on GCC exchanges reported aggregate net profits of $74.8 billion in Q2, up 31.3% over previous year. At the country level, the profit growth was led by Kuwait, Saudi Arabia, UAE and Oman, where firms posted double-digit y-o-y increases, according to Kamco Invest.
Kamco Invest, a regional non-banking financial powerhouse in Kuwait, has announced that it has received the go-ahead from the board of directors to change its name to Burgan Capital Investment Company. The final decision will however be taken at the General Assembly by the shareholders.
Alternative Energy Projects Company (AEP), a Kuwait-based renewable energy developer, has announced plans to raise capital to fund the expansion of its solar energy business across Kuwait and Mena region. It has appointed Kamco Invest, in collaboration with Burgan Bank, to lead the transaction.
Aggregate net profits reported by companies listed on GCC exchanges rose 15.5% year-on-year in the first quarter to a record quarterly high of $67.9 billion, up from $58.8 billion, said a report. This growth was mainly due to stronger earnings from energy companies, particularly Saudi Aramco.
The GCC projects market experienced a slowdown in the first quarter due to the Middle East conflict with the total value of contracts plunging 9.7% to $61.2 billion, according to a report. This contraction was driven largely by a substantial downturn in contract awards within Saudi Arabia and UAE.
Kamco Invest, a regional non-banking financial powerhouse, has announced solid results for FY 2025 with a total revenue of KD34 million ($111 million), up 25.5% over the previous year's figures of KD25.4 million ($82.7 million), while its net profit grew two-fold to hit KD9.2 million ($30 million) over 2024.
Kamco Invest, a regional non-banking financial powerhouse, has announced a strategic partnership with Badie Investment for the establishment of a SAR500 million ($133 million) real estate investment fund to develop an iconic tower within Riyadh’s 135-km Sports Boulevard project.
Kamco Invest, a regional non-banking financial powerhouse based in Kuwait, has signed a strategic agreement with New Jersey-based PGIM, the global asset management business of Prudential Financial (PFI), to enhance and expand its investment offerings across wealth and asset management.
Kamco Invest, a regional non-banking financial powerhouse, has announced that its private equity team has acquired a stake in Unifonic, a leading customer engagement platform and SaaS provider in the Mena region.
GCC equity markets witnessed the biggest monthly decline in 10 months in September-2026 due continuing war in the Middle East as well as attacks on Saudi Arabian oil facilities that pushed crude oil prices to the highest level in almost four months.
