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Revealed: Top 10 Companies In Kuwait

Revealed: Top 10 Companies In Kuwait

Kuwait’s corporate sector experienced a recovery in 2012.

Kuwait earnings staged a comeback in Q1 12 after three continuous quarters of de-growth. However, earnings dropped 25 per cent over the year mainly on account of a one-time gain of $959 million booked by Wataniya Telecom in Q1 11. Excluding this extraordinary item, aggregate profits grew 41 per cent in Q1 12.

During the first half of the year, Kuwait Central Bank introduced new loan-to-deposit ratio (LTD) rules that will permit grouping of other sources of funding such as bonds and loans along with deposits to calculate LTD. This move is expected to increase interbank lending and aid in the development of financial markets.

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