Kuwait .. “Senate for the Higher” has climbed to the highest price in 17 months

The shares of the “Aayan for Higher and Investment” company, which is listed on the Kuwait Stock Exchange, increased by 1.07% at the end of the session of the session today, Wednesday, to close at 189 fils per share, achieving its highest level in 17 months.

The trading on notables for rent and investment at that time came through 10.82 million shares with a value of trading 2.05 million dinars.

The highest price for the share at that time was at 191 fils during the session, while the lowest price was at 187 fils per share, thus touching its highest price in a year and 5 months.

Aayan for rent and investment recorded a remarkable growth in its profits during the first quarter of 2025, as the net profit increased by 243% on an annual basis to 11.88 million dinars, compared to 3.46 million dinars in the same period of 2024.

The company attributed this strong growth to several factors, most notably a profit from reassessing a previously preserved stake in colleague companies after acquiring control, in addition to a profit resulting from buying assets at a low price, as well as the effect of net expected credit casualties and other allocations.

During the fourth quarter of 2024, “notables for the rent” achieved 29% to 2.13 million dinars, compared to 1.65 million dinars in the fourth quarter of 2023.

At the level of the full fiscal year 2024, the company’s net profit reached 11.27 million dinars, recording a 9% decline compared to profits of 12.37 million dinars during the year 2023.