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Al-Masaken International Real Estate Development Company, listed on the Kuwait Stock Exchange, confirmed the reduction of its losses by 97.44% during the third quarter of 2026, to reach KD 39.82 thousand, compared to losses of KD 1.56 million during the comparative quarter of 2025.
Operating income fell by 16.34% during the third quarter to 73.26 thousand dinars, compared to 87.57 thousand dinars in the same period last year, according to the financial statements of the company sent to the Kuwait Stock Exchange on Sunday.
Operating income decreased 29.5% to KD 61.85 thousand and net operating losses decreased by 4.49%
During the first nine months of 2026, Al Masaken reduced its losses by 97.74% to 78.46 thousand dinars, compared to 3.47 million dinars, during the comparative period last year, and operating income decreased during the period by 29.5% to 61.85 thousand dinars, and net operating losses decreased by 4.49% to 16.81 thousand dinars.
The company mainly attributed its losses to the interest on Murabaha financing from the National Bank of Kuwait-London, along with lower revenues from the sale of London real estate.
It is noteworthy that the company had announced losses of about 38.64 thousand dinars during the first half of the current year 2026, down 97.98% from its level of 1.92 million dinars in the same period last year.
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