Kuwait .. “Palm” shares ascends to the highest price in 9 months

Al -Nakheel Agricultural Production shares raised on the Kuwait Stock Exchange, by 47.39% at the beginning of today, Wednesday, to circulate at the price of 339 fils per share, achieving its highest price in 9 months.

At that time, 3.90 million shares of palm trees for agricultural production were traded, with a trading value of 1.29 million dinars.

The highest price of the share at that time was at 365 fils, while the share price was at 255 fils.

Al -Nakheel Agricultural Production Company recorded a strong financial performance during the first quarter of 2025, as the net profit increased by 78.37% on an annual basis to reach 23.89 thousand Kuwaiti dinars, compared to 13.40 thousand dinars during the same period of the year

2024.

Al -Nakheel Agricultural Production Company

The company attributed this growth to increasing its share of the results of a colleague company, which contributed to the addition of 55.56 thousand dinars to the profits of the period.

At the level of the annual results, the net of “palm” profit increased in 2024 to 497.76 thousand dinars, with a significant growth of 147.34% compared to the profits of 2023 amounting to 201.25 thousand dinars.

The credit for this remarkable annual growth is due to the strong performance in the fourth quarter of 2024, as the company’s profits jumped by 507.57% on an annual basis, to reach 325.72 thousand dinars, compared to 53.61 thousand dinars in the same quarter of the previous year.

Al -Nakheel Agricultural Production Company (listed on the Kuwait Stock Exchange since March 2002) is one of the public companies operating in the food, beverage and tobacco sector, with a special focus on agricultural products.

The company was established in May 1982, and its headquarters are located in Kuwait City, Kuwait.