20 Hrs
Source:
الراي
Exchange firms profits rise by 110% to 31.4M dinars
Foreign exchange companies' revenues in Kuwait increased by 43.2% during the first half of 2026, reaching 66.565 million Kuwaiti dinars, with their profits growing by 110.5% to 31.48 million dinars. The primary driver of this growth was currency sales, which rose by 51.2% and accounted for 90.3% of total revenues. Additionally, the companies' assets grew by 11.9% to 343.5 million dinars, fueled by increases in financial institution claims and accounts receivable, while foreign assets, cash, fixed assets, financial investments, and real estate holdings declined. Although revenue growth was accompanied by rising operational and administrative expenses, the companies’ profits experienced a significant jump.
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