AL MAL INVESTMENT CO KSCC

What AL MAL INVESTMENT CO KSCC does

Al Mal Investment Company (KPSC) is a Kuwait-based public shareholding company established in early 1980, historically operating as an investment banking and asset management firm offering investment services through subsidiaries and sister companies spread across multiple geographies. The company was listed on the Kuwait Stock Exchange in January 2002 with an issued and paid-up capital of KD 31.02 million, and currently operates three core subsidiaries — Tarasultelecom Communication Company (telecommunications), Diyar Al Kuwait Real Estate Company (real estate), and Al-Mal Gatari Holding Company (intermediate holding) — alongside the Al-Huda Islamic Fund, a Sharia-compliant investment vehicle managed by the firm.

The company's business model historically combined regulated investment management and asset management services with holding-company exposure across telecommunications, real estate, and diversified investment vehicles. It was regulated by the Ministry of Commerce and Industry and previously licensed by the Capital Markets Authority and the Central Bank of Kuwait. Distribution occurred primarily through direct shareholder relations and regulatory disclosures, with no disclosed active sales motion or pricing model.

The company's operational and regulatory position has materially deteriorated. On March 31, 2022, Al Mal was delisted from Boursa Kuwait after the Capital Markets Authority refused to renew its licenses and the Central Bank of Kuwait revoked its license. The firm has experienced a sustained wave of senior resignations — including the CEO, CFO, Compliance Manager, Internal Audit Manager, and multiple board members — and was the subject of a CMA "faltering situation" declaration in 2020. In 2024 the company disclosed a court judgment of approximately KD 38 million, and recent activity (2024-2025) has focused on convening shareholder meetings to elect a new board, consistent with corporate rehabilitation rather than growth expansion.

Name

AL MAL INVESTMENT CO KSCC

Legal name

AL MAL INVESTMENT COMPANY ( KPSC )

Website

https://almal.com.kw

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

51–100 employees

Short description

Al Mal Investment Company (KPSC) is a Kuwaiti investment holding firm founded in 1980, historically offering investment banking and asset management through subsidiaries in telecom, real estate, and holding sectors, plus the Al-Huda Islamic Fund. It was delisted from Boursa Kuwait in March 2022 after its CMA and CBK licenses were revoked.

Ownership category

akta.pro rank

Product category

Investment Banking & Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Islamic Investment Banking & Capital Markets Services (FSABAGAG)

Keywords

• Investment banking services
• Asset management
• Islamic investment funds
• Real estate investment
• Holding company management

Headquarters

HQ city

Safat

HQ country

Kuwait

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Distribution channels1 record

Marketing channels2 records

Core offering

Al Mal Investment Company (KPSC) is a Kuwait-based investment firm providing investment banking and asset management services. It operates through operating subsidiaries in telecommunications (Tarasultelecom Communication Company), real estate (Diyar Al Kuwait Real Estate Company), and holding (Al-Mal Gatari Holding Company), and manages the Al-Huda Islamic Fund, a Sharia-compliant investment vehicle.

Product overview

Al Mal Investment Company (KPSC) is a Kuwait-based investment firm operating as a holding company with multiple subsidiaries and investment products. The company provides investment services through its subsidiaries including Tarasultelecom Communication Company (telecommunications), Diyar Al Kuwait Real Estate Company (real estate), and Al-Mal Gatari Holding Company. The company also manages the Al-Huda Islamic Fund, a Sharia-compliant investment vehicle. The company was listed on the Kuwait Stock Exchange in January 2002 and delisted on March 31, 2022, with its current issued and paid-up capital of KD 31.02 Million. The company's product offerings are primarily investment and financial services rather than technology products.

Differentiator

Problem solved

Functional benefit

Products and services

• Tarasultelecom Communication Company
• Diyar Al Kuwait Real Estate Company
• Al-Mal Gatari Holding Company
• Al-Huda Islamic Fund

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Warba Bank: Kuwait-based Islamic bank providing investment, treasury and asset management services among a broader banking franchise. Comparable Islamic investment capability overlaps with Al Mal's Sharia-compliant fund offerings.

Direct peers

• First Investment Company (Kuwait): Kuwait-based investment company engaged in investment management and financial services. Comparable to Al Mal as a domestically headquartered Kuwaiti investment firm in the same regulatory and competitive landscape.
• KAMCO Investment Company: Kuwaiti Asset Management Company providing asset management, investment banking and brokerage services. Comparable peer operating the same investment services business model under Kuwaiti capital markets regulation.
• Alimtiaz Investment Group: Kuwaiti closed-shareholding investment company managing a diversified portfolio across asset management, real estate and direct investments. Operates in the same regulatory and product framework as Al Mal, including Islamic and conventional mandates.
• Kuwait Financial Centre (Markaz): Kuwaiti asset management and investment banking firm offering mutual funds, portfolio management and advisory. Comparable peer operating in the same Kuwaiti CMA-regulated investment space as Al Mal, with similar product offerings and customer types.
• Kuwait Projects Company Holding (KIPCO): Kuwaiti diversified holding/investment company with subsidiaries across financial services, real estate, industrial and consumer sectors. Directly comparable to Al Mal as another Kuwait-listed investment holding entity managing a multi-subsidiary portfolio.
• Arzan Financial Group for Investment: Kuwaiti shareholding investment company offering investment management and advisory services. Direct peer given shared Kuwaiti CMA-regulated investment company profile and similar business activities.
• National Investments Company (Kuwait): Kuwaiti investment company regulated by the Capital Markets Authority offering asset management, brokerage and investment banking. Closely comparable to Al Mal in the Kuwaiti investment company peer set with similar regulatory and business model exposure.
• Securities Group Company: Kuwait-based securities and investment firm providing brokerage, asset management and corporate finance. Comparable to Al Mal in the Kuwaiti regulated investment services sector with overlapping clientele and CMA licensing framework.
• Gulf Investment Corporation: GCC-based investment institution owned by six Gulf states providing project finance, equities and asset management. Comparable as a GCC investment company with similar operating geographies and focus areas.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/almalinvestment
• Facebookfacebook.com/almalinvestment
• LinkedInlinkedin.com/company/al-mal

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 AL MAL INVESTMENT CO KSCC