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United Real Estate Company, listed on the Kuwait Stock Exchange, revealed that its net profit during the third quarter of 2026 increased by 118.68% year-on-year, and the net profit of the United Bank in the three months ended September 30 was 1.05 million dinars, compared to 480.93 thousand dinars in the third quarter of 2025.
The company also recorded profits during the first nine months of 2026 of 4.16 million dinars, a decrease of 15.13% compared to 4.91 million dinars in the same period of the previous year, according to a statement by the Kuwait Stock Exchange on Sunday.
The company recorded profits during the first nine months of 2026 worth 4.16 million dinars, down 15.13%
The statement attributed the decline in the profits of the nine months mainly to the decline in the profits of the results of associates against the improvement in operating profit, and the decline in net financing costs.
It is noteworthy that "United" achieved a profit during the first half of 2026 of 3.11 million dinars, compared to 4.43 million dinars in the same period last year, an annual decline of 29.67%.
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