Securities House

What Securities House does

Securities House is a Kuwait-based public investment company listed on the Kuwait Stock Exchange under ticker kse:SECH, founded in 1986. The firm provides Shariah-compliant investment services across multiple asset classes, including equity portfolio management, private equity, and international real estate (both development and income-yielding assets). It also operates the Zad mobile fintech application, extending its reach to retail and cross-border (reportedly including US) users. A wholly-owned UK subsidiary, Gatehouse Bank plc, and an associate stake in Gatehouse Financial Group historically provided a UK and European banking and asset-management foothold.

The firm's revenue model combines management and performance fees on managed portfolios with returns on its own proprietary investment book, supplemented by gains on divestments. Capital structure reflects a major 2014-2016 restructuring in which KD 42.9M of KFH debt was settled and share capital was reduced from KD 68M to KD 48M. FY2025 results showed a net loss and no recommended dividend, while 2025-2026 activity has been characterized by asset recycling — divesting the Al Kuwaitia Al Ula education stake (KD 6.5M, Dec 2024), upsizing a credit facility to KD 5.6M (Aug 2025), monetizing the Gatehouse associate stake at a KD 1.4M profit (Mar 2026), and signing an MOU with Asas Makin for Riyadh residential real estate alongside an increase in European investments. The firm is supervised by the Kuwait Capital Markets Authority and operates with a headcount of 11-50 employees.

Name

Securities House

Legal name

The Securities House Company K.S.C.P.

Website

https://sh.com.kw

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Securities House is a Kuwait Stock Exchange-listed (kse:SECH) Shariah-compliant investment firm offering equity portfolio management, private equity, international real estate, and the Zad fintech app to Gulf clients and HNW investors.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Investment Banking and Securities Intermediation (523150)

SIC

Investment Advice (6282), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Islamic Investment Banking & Capital Markets Services (FSABAGAG)

akta.pro secondary industry

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Investment management
• Shariah-compliant investing
• Private equity investments
• Portfolio management services
• International real estate investments

Headquarters

HQ city

Sharq Hawalli

HQ country

Kuwait

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Portfolio Management Fees: The company offers Portfolio Management services in all its forms (Discretionary, Non-discretionary and Custody) targeted at local and GCC equity markets in compliance with Shariah Principles. Revenue is generated through management fees from investment services.
2. Private Equity Investment Returns: Private equity investment generates returns through capital appreciation and exit gains from investments in private companies.
3. Real Estate Investment Returns: International real estate investments provide returns through both value-add opportunities with lucrative returns within relatively short investment periods and yielding investment opportunities with distinctive returns.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Securities House provides Shariah-compliant investment management services, including equity portfolio management (Discretionary, Non-discretionary, and Custody forms) targeted at local and GCC equity markets, private equity investments, and international real estate investments (both development and yielding). The firm also offers the Zad Fintech mobile application enabling clients to invest in US markets.

Product overview

Securities House (The Securities House - TSH) is a Kuwait-based investment services company offering a portfolio of investment products. The core offerings include: Equity Portfolio Management (discretionary, non-discretionary, and custody services for local and GCC equity markets under Shariah compliance), Private Equity Investments, International Real Estate Development Investments, and International Yielding Real Estate Investments. The company also provides a mobile application called 'Zad Fintech' that enables users to invest in US markets. The company operates under regulatory oversight from the Capital Markets Authority (CMA) of Kuwait and is Shariah-compliant, with Fatwa and Sharia Supervisory Board oversight.

Differentiator

Problem solved

Functional benefit

Products and services

• Equity Portfolio Management Portfolio management services offered in Discretionary, Non-discretionary, and Custody forms, targeted at local and GCC equity markets, conducted in compliance with Shariah Principles by professional investment managers with extensive experience in local and regional markets.
• Private Equity Investments Private equity investment services capitalizing on the company's heritage and successful track record in providing rewarding investment opportunities in private companies, generating returns through capital appreciation and exit gains.
• International Real Estate Development Investments International real estate development investment services providing unique value-add opportunities with lucrative returns within a relatively short investment period.
• International Yielding Real Estate Investments International yielding real estate investment services providing distinctive returns as a safe and rewarding asset class.
• Zad Fintech Mobile Application Mobile application enabling clients to invest in US markets, available on Google Play Store and Apple App Store.

Quantifiable outcome

• Profit of KD 1.4 million from associate company's exit in Q1 2026
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Gatehouse Financial GroupcoreStrategic or Co-development Partner · 31 March 2026Gatehouse Financial Group is an associate company of The Securities House. On 31/03/2026, Gatehouse exited one of its subsidiaries as part of its strategy to refocus on core finance sector activities. The Securities House achieved a profit of KD 1.4 million on its share of this exit, with KD 1.8 million increase in accumulated reserves.
• Local Kuwait Bank (Unnamed)minorOthers · 20 August 2025Credit facility (Murabaha) agreement renewed with a local bank. Credit limit increased from KD 3,000,000 to KD 5,600,000 for working capital and acquisitions purposes.
• Deloitte & ToucheminorOthersExternal auditor of The Securities House. Mr. Talal Yousef Al Muzaini from Deloitte & Touche served as External Auditor for FY2025. Mr. Bader Abdullah Al Wazzan from Deloitte & Touche Al-Wazzan & Co. was reappointed as External Auditor for FY2026.
• Osoul Sharia ConsultancyminorOthersExternal Sharia Auditor for The Securities House. Dr. Mohammed Al Sharfa from Osoul Sharia Consultancy served as External Sharia Auditor for FY2025.
• Shura Sharia Consultancy CompanyminorOthersAppointed as External Sharia Auditor for FY2026, replacing Osoul Sharia Consultancy. The Board was authorized to determine their fees.
• Islamic Financial Industry House CompanyminorOthersFatwa and Sharia Supervisory Board for The Securities House. Mr. Abdul Salam Saeed Abdul Elah served as representative for FY2025. Reappointed for FY2026.
• Asas Makin for Real Estate Development and InvestmentcoreStrategic or Co-development PartnerThe Securities House signed a memorandum of understanding with Asas Makin to develop multiple residential properties in Riyadh, Saudi Arabia.

Scale indicators6 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Gulf Investment Corporation (GIC): Kuwait-based GCC-wide investment and financial services firm owned by the six GCC states. Directly comparable as a regional investment company offering asset management, private equity, and real estate across the Gulf.
• Al Rajhi Capital: Sharia-compliant asset management and brokerage arm of Al Rajhi Bank in Saudi Arabia. Comparable business model offering portfolio management, advisory, and real estate funds to HNW and institutional investors in the GCC.
• National Investments Company (NIC): Kuwaiti investment company offering asset management, brokerage, and investment banking services listed on Boursa Kuwait. Directly comparable as a domestic peer competing for the same pool of Kuwaiti HNW and institutional capital with similar Sharia-sensitive client base.
• KAMCO Investment Company: Kuwait-based asset management and investment banking firm providing portfolio management, brokerage, and research. Closely comparable in scale, regional focus, and product mix to Securities House, with overlapping institutional and HNW clients.

Broad incumbents

• SNB Capital: Saudi-listed investment firm offering asset management, brokerage, and advisory across Shariah-compliant and conventional products. A larger regional peer with broader product scope and significantly larger AUM.
• Boubyan Bank Investment Arm: Leading Kuwaiti Islamic bank with a growing investment and brokerage business targeting HNW clients. A broader incumbent that competes with Securities House for Shariah-compliant mandates at greater scale.
• Kuwait Finance House (KFH): One of the largest Islamic banks in Kuwait offering Sharia-compliant asset management, brokerage (KFH Capital), and investment products. A larger incumbent with broader retail/banking reach that historically also had a credit relationship with Securities House.
• EFG Hermes (e-Finance for Digital Investments): Leading MENA investment bank offering asset management, securities brokerage, and investment banking across the region. A broader incumbent with significantly larger scale that competes for institutional mandates across GCC markets.
• ADCB Securities / Emirates NBD Securities: UAE-based investment services arms of major banks offering portfolio management and brokerage. A broader regional incumbent operating across multiple Emirates with deeper institutional and retail distribution.

Others

• Gatehouse Bank plc: 57%-owned UK subsidiary of Securities House operating as a Sharia-compliant deposit-taking investment bank. Included as a subsidiary/related party rather than a competitor, but the closest functional Islamic banking and real estate finance analog to Securities House's portfolio management activities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Securities House