Boursa Kuwait has showcased impressive financial performance in 2024, with a notable 15.1% year-on-year increase in net profit, reaching $58.9 million (KWD 18.2 million). This success is attributed to a strong surge in operating revenue, which grew by 18.4% to $117.7 million (KWD 36.3 million). The operating profit also saw a remarkable rise of 22.6%, amounting to $72.6 million (KWD 22.4 million).
The group's total assets expanded by 6.1% to $408.96 million (KWD 126.2 million), and the shareholders' equity attributable to equity holders of the parent company increased by 5.2%, reaching $208.2 million (KWD 64.23 million). The board of directors proposed a dividend distribution of $2.7 (KWD 0.8) per share, representing an impressive 90.56% of the company's profit.
Despite facing geopolitical tensions and economic challenges in 2024, Boursa Kuwait remained resilient and adaptable, demonstrating its financial strength and strategic effectiveness. Chairman Hamad Mishari Al Humaidhi emphasized the company's strong recovery and commitment to growth.
In alignment with the Central Counterparty (CCP) system, Boursa Kuwait announced plans to introduce exchange-traded funds (ETFs) and corporate fixed-income trading platforms, including bonds and sukuk. CEO Mohammed Saudi Al Osaimi highlighted that the market secured a leading position among GCC counterparts in terms of index growth and the percentage increase in value traded.
The Kuwaiti capital market experienced significant growth in 2024, with the volume of shares traded surging by 73.08% to 68.5 billion shares. The value of traded shares increased by 42.9% to $47.9 billion (KWD 14.8 billion), while market capitalization rose by 8.24% to $141.3 billion (KWD 43.6 billion).
The Premier Market was a key driver of market activity, accounting for 42.8% of the total volume, with 29.31 billion shares traded across 1.96 million transactions. The Main Market also played a crucial role in enhancing overall market liquidity, with a market capitalization of $26.75 billion (KWD 8.25 billion) and 109 listed companies, recording over 39.13 billion shares traded across 1.95 million transactions.
