Kuwait's KAMCO Investment Company announced on Tuesday a net profit of 7.1 million Kuwaiti dinars (approximately $23.2 million) for the first half of 2025, with earnings per share reaching 20.72 fils.

In a press statement, the company reported that assets under management grew by 7.5% during the first half to reach $17.1 billion by the end of June, driven by new funds attracted across various products and services, along with strong portfolio and fund performance.

The statement quoted Chairman Sheikh Talal Ali Abdullah Al-Jaber Al-Sabah as saying: "Our H1 2023 performance reflects the resilience of our strategy and the strength of our diversified business model... We are well-positioned to adapt to market developments while growing our business and continuing to enhance shareholder value."

CEO Faisal Sarkhou added: "We achieved strong growth across multiple fronts during the six-month period, including growth in assets under management and robust returns on our investment portfolios." He noted that strategic developments like the majority acquisition of EGLS demonstrate the company's continued focus on creating long-term value, reaffirming KAMCO's commitment to enhancing services, expanding regional presence, and achieving sustainable growth that benefits clients and stakeholders.

Established in 1998 and listed on the Kuwait Stock Exchange in 2003, KAMCO operates in asset management, investment banking, and financial brokerage services.