Boursa Kuwait reports 13.3% increase in 2022 net profit

Boursa Kuwait reports 13.3% increase in 2022 net profit

Boursa Kuwait recorded a net profit of KD18m for the financial year ended December 31, 2022, marking a 13.3 per cent increase from its 2021 total of KD15.9m. Its operating profit for the 2022 financial year came in at KD22.6m, increasing 22 per cent over KD18.5m recorded in 2021. Meanwhile, the company reported a operating revenue of KD35.2m over the same period, increasing 12.8 per cent over its KD31.2m in 2021. Earnings per share increased 13.3 per cent from 79.15 fils in 2021 to 89.67 fils for the financial year ended December 31, 2022. Total assets came in at approximately KD119.6m as of December 31, 2022, rising 8.3 per cent over the 2021 total of KD110.4m. The bourse’s board of directors proposed the distribution of 85 fils per share in cash dividend for the financial year ended December 31, 2022 – constituting approximately 94.8 per cent of the company’s profit, subject to approval by the Annual General Assembly and regulatory authorities. “The exchange continues to implement its effective strategy to develop a more liquid capital market, solidifying its role as a key cog in the development of the national economy and working to attract investments from all over the world,”