4 days ago
Al-Safat Investment announces net profit of KD 4.65 million for H1 2025
Board of Directors approves a semi-annual cash dividend of 5% to shareholders
KUWAIT: Al-Safat Investment Company announced net profits of KD 4.65 million for the first half of 2025, reflecting a strong financial performance that underscores the success of its strategy to restructure its investment portfolio, enhance operational efficiency, and manage liquidity effectively. This included exiting some non-strategic assets, focusing on high-yield, sustainable investments, expanding its client base through innovative and diversified investment solutions, and launching a market-making service for Kuwaiti-listed companies on Boursa Kuwait.
In a historic step, the Board of Directors of Al-Safat approved a semi-annual cash dividend of 5 percent to shareholders for the first half of 2025. With this move, Al-Safat became the first listed Islamic investment company on Boursa Kuwait to adopt such an approach—affirming the strength of its financial position and management's confidence in its ability to generate sustainable profits.
Al-Safat Investment Company Chairman Abdullah Al-Terkait stated: 'The adoption of semi-annual dividends for 2025 reflects the vision of Al-Safat's Board to enhance shareholder value and reinforce transparency and financial discipline. The company's management will continue to work towards sustaining this approach to deliver rewarding returns, strengthen stability, and support growth', he stated.
On the operational front, the company's assets increased to KD 48 million by the end of the first half of 2025, compared to KD 44 million in the same period last year. Shareholders' equity also rose to KD 34 million from KD 29 million a year earlier—an encouraging indicator of the company's strong balance sheet and solid capital position.
During the past period, the company completed several important steps, including exiting certain non-strategic investments and settling several legal and investment cases—positively impacting liquidity and financial strength. The strategic diversification of Al-Safat's portfolio—across sectors such as real estate, industrial, financial services, and technology, and across assets both inside and outside Kuwait—has played a key role in strengthening financial performance and reducing volatility, thereby supporting consistent returns and maximizing shareholder value through the achievements of the company and its subsidiaries.
Notable achievements include the 'The Blue' Al-Ahmadi Craft Project of Dar Al-Safat, which reached an occupancy rate of 97 percent, thanks to effective leasing and real estate development policies.
Subsidiaries also saw improved performance
Synergy Holding Co (K.S.C.C.) moved from a net loss of KD 804.6 thousand in 2023 to a net profit of KD 59.7 thousand in 2024, supported by strong revenue growth.
Shuaiba Industrial Co (K.S.C.C.) maintained strong profitability despite challenging market conditions through cost control, improved profit margins, and operational efficiency.
Modern Printing & Publishing Co, a group subsidiary, achieved solid operational results with sales growth, improved profitability, and wider margins—demonstrating its focus on profitable and sustainable growth.
Zak Solutions, one of Kuwait's leading technology service providers and an Al-Safat investment, recorded significant annual profit growth driven by improved efficiency and higher gross profit—bolstering financial stability and positioning it to capture future growth opportunities.
Al-Safat is also expanding its review and pursuit of new government projects, in which it invests through its group companies, while enhancing its real estate portfolio in line with sustainable growth priorities and risk management. The company aims to continue its carefully planned investment expansion both locally and abroad, seeking new high-quality opportunities while adhering fully to Islamic Sharia principles in all operations and investments, and adopting best practices in governance, as well as social and environmental responsibility—reinforcing its role as a trusted and active investment partner in supporting development in Kuwait.
