Equity Investing, Built for the Long Term
Equities
Active equity strategies across GCC and global markets, combining fundamental research, disciplined portfolio construction, and continuous risk management.
Equity Management Since
إدارة الأسهم منذ
2003
Incorporated in Kuwait
Equity AUM
الأصول المُدارة
$12.5B
As of 31 Dec 2025
Ownership Structure
هيكل الملكية
KSCC
Kuwaiti Shareholding Company
Al Amal's Equities team manages actively managed, Shari'a-compliant equity portfolios across GCC and international markets. We combine deep regional knowledge with global research capabilities to deliver consistent, long-term capital appreciation for institutional clients, family offices, and high-net-worth individuals.
Our equity strategies are underpinned by rigorous fundamental analysis, disciplined portfolio construction, and a robust Shari'a screening framework supervised by our independent Shari'a Supervisory Board. Al Amal is committed to full transparency, regular reporting, and adherence to CMA disclosure requirements.
KSCC — Kuwaiti Shareholding Company
As a publicly listed Kuwaiti shareholding company, Al Amal operates with the highest standards of corporate governance, transparency, and regulatory compliance as required by Kuwait's Capital Markets Authority.
شركة مساهمة كويتية مدرجة تلتزم بأعلى معايير الحوكمة المؤسسية والشفافية والامتثال التنظيمي وفق متطلبات هيئة أسواق المال بدولة الكويت.
GCC Markets
GCC Principal Equity Investmentsاستثمارات الأسهم الرئيسية في دول مجلس التعاون الخليجي
Al Amal's GCC equity platform provides investors with disciplined, research-driven access to the region's most significant equity markets, each managed by dedicated sector specialists with deep local market expertise.
Kuwait Focus
محور الكويت
Direct investments in Kuwaiti blue-chip companies and high-growth domestic enterprises. Exposure across banking, telecommunications, real estate, and consumer sectors listed on Boursa Kuwait.
- Boursa Kuwait Premier Market
- Banking & financial services
- Telecom & infrastructure
- Consumer & retail sector
Saudi Focus
محور السعودية
Targeted exposure to Vision 2030 beneficiaries, Saudi financial institutions, energy transition leaders, and consumer-driven growth sectors on Tadawul, the largest exchange in the GCC.
- Vision 2030 beneficiaries
- Tadawul Main Market
- Financial services & banking
- Energy & industrial sectors
UAE & Qatar Focus
محور الإمارات وقطر
Diversified positions in UAE-listed real estate developers, logistics enablers, energy-related equities, and Qatari blue chips on DFM, ADX, and QSE markets.
- DFM / ADX markets
- Qatar Stock Exchange (QSE)
- Real estate & logistics
- Energy & diversified holdings
* All GCC equity positions are subject to Shari'a screening prior to inclusion. Market allocations are reviewed quarterly by the Investment Committee. Past performance is not indicative of future results.
Investment Philosophy
Investment Philosophyفلسفة الاستثمار
Our investment philosophy is built on three mutually reinforcing pillars that differentiate Al Amal's equity approach in the GCC institutional market.
Long-Term Orientation
التوجه طويل الأمد
We invest with a 5–10 year investment horizon, avoiding short-term market noise and speculative positioning. Our portfolio turnover is deliberately low, reflecting conviction-based, research-backed position building.
Target holding period: 5–10 years | Low portfolio turnover | Conviction-weighted positions
Fundamental Research
البحث الأساسي
Bottom-up, research-driven security selection combined with top-down macroeconomic analysis. Our team conducts direct company engagement, on-site visits, and proprietary financial modeling for every GCC equity position.
Bottom-up stock selection | Proprietary financial modelling | Direct management access
Shari'a Integration
التكامل الشرعي
Every equity is independently screened for Shari'a compliance before inclusion in any portfolio. Our Shari'a Supervisory Board conducts quarterly reviews and issues annual compliance certificates for each strategy.
Independent Shari'a Supervisory Board | Quarterly screening | Annual compliance certificates
Shari'a Framework
Shari'a-Compliant Equity Screening
فحص الأسهم المتوافقة مع الشريعة الإسلاميةAll equity investments managed by Al Amal are screened in strict accordance with Islamic Shari'a principles, overseen by our independent Shari'a Supervisory Board. Our framework categorically prohibits interest-based (riba) income, speculative (gharar) activities, and investment in non-compliant sectors.
The Shari'a Supervisory Board conducts independent quarterly reviews of all equity portfolios and issues formal compliance opinions to unitholders and institutional partners. All screening methodologies are aligned with the standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).
تلتزم جميع الاستثمارات في الأسهم التي تديرها شركة المنزة بأحكام الشريعة الإسلامية، وتخضع لإشراف هيئة الرقابة الشرعية المستقلة التي تُصدر آراءً شرعية ربع سنوية لجميع الحافظات الاستثمارية.
Prohibited Sectors
- Alcohol & tobacco
- Gambling & gaming
- Conventional banking & insurance
- Weapons & defense
- Pornography
- Pork & related products
Four-Stage Screening Process
Business Activity Screening
فحص النشاط التجاري
Complete exclusion of companies with prohibited business activities including alcohol production/distribution, gambling & gaming, conventional interest-based banking & insurance, weapons manufacturing, pornography, and tobacco.
Financial Ratio Screening
فحص النسب المالية
Quantitative screening of each security's balance sheet using three financial ratios: total debt / total assets ≤ 33%; interest-bearing securities / total assets ≤ 33%; accounts receivable / total assets ≤ 45%.
Purification of Prohibited Income
تطهير الدخل المحظور
Where a Shari'a-compliant company generates a small proportion of non-compliant income, the corresponding proportion of investment returns is donated to charitable causes. The purification ratio is disclosed quarterly.
Annual Compliance Certificate
شهادة الامتثال السنوية
Our Shari'a Supervisory Board issues an annual Shari'a compliance certificate for each equity portfolio, confirming adherence to Islamic investment principles throughout the reporting period.
Our Foundation
Core Values
قيمنا الأساسية
The five core values extracted from Al Amal's founding principles govern every aspect of our investment management and client service activities.
03
Act with Integrity
العمل بنزاهة
We act with complete integrity in every client interaction, investment decision, and regulatory filing. We do not compromise on ethics or fiduciary duty, ever.
04
Maintain Ethics
الحفاظ على الأخلاق
Our ethical framework governs not just what we invest in, but how we operate — from CMA disclosure compliance to Shari'a governance and internal audit practices.
05
Invest in People
الاستثمار في الأشخاص
Al Amal invests in the ongoing professional development of our equity analysts, portfolio managers, and support staff, recognising that our people are our primary competitive advantage.
01
Work & Spread Knowledge
العمل ونشر المعرفة
We cultivate a culture of continuous learning, sharing research, and building institutional knowledge that benefits our clients and the broader GCC investment community.
02
Persevere
المثابرة
Long-term value creation requires patience and resilience. We remain committed to our investment thesis even during periods of market volatility or short-term underperformance.
Target Clients
Target Client Segmentsشرائح العملاء المستهدفين
Al Amal's equity strategies are structured to serve four distinct client segments, each with tailored mandate structures, reporting frameworks, and Shari'a governance.
Institutional Investors
المستثمرون المؤسسيون
Pension funds, endowments, insurance companies, and sovereign wealth funds requiring large-scale, regulated equity mandates with full reporting and CMA compliance.
- Discretionary equity mandates
- Segregated accounts
- Customised benchmark tracking
- Full CMA compliance reporting
Family Offices
مكاتب العائلات
Multi-generational wealth preservation and growth strategies, incorporating governance frameworks, succession planning, and Shari'a-compliant equity income strategies.
- Wealth preservation mandates
- Multi-generational planning
- Succession governance
- Bespoke Shari'a structures
High-Net-Worth Individuals
الأفراد ذوو الثروات العالية
Tailored equity portfolios for individuals and families with investable assets exceeding $5M, combining GCC and international equity exposure in a single Shari'a-compliant mandate.
- Personal equity portfolios
- GCC + international exposure
- Quarterly portfolio reviews
- Direct relationship management
Corporates
الشركات
Treasury management, employee retirement plan investments, and corporate equity strategies for Kuwaiti and GCC-domiciled companies seeking institutional-grade equity management.
- Treasury management
- Employee retirement plans
- Corporate equity strategies
- Regulatory compliance support
Performance
Our Success Stories & Performance Highlightsقصص نجاحنا وأبرز الأداء
The following performance data reflects Al Amal's track record across GCC equity mandates. All figures are independently verified. Past performance does not guarantee future results.
5-Year Annualized Return
العائد السنوي المركب (5 سنوات)
12.4%
vs. benchmark: +4.2% alpha
GCC Equity Strategy
Gross of fees. Jan 2020 – Dec 2025.
Tracking Error vs. Benchmark
خطأ التتبع مقارنة بالمعيار
3.2%
Annualized active risk
Active Equity – GCC
Reflects disciplined, moderate active management.
Information Ratio
نسبة المعلومات
0.85
Risk-adjusted alpha per unit of active risk
GCC Equity Strategy
IR > 0.5 is considered strong in GCC mandates.
Kuwait Banking Sector Mandate
A $350M discretionary mandate investing in Kuwait's top-tier banking institutions delivered an 18.3% IRR over five years, significantly outperforming the Boursa Kuwait Banking Index.
Saudi Vision 2030 Thematic Portfolio
Concentrated equity positions in Vision 2030 infrastructure and consumer beneficiaries on Tadawul generated 22.1% cumulative returns across a $180M institutional mandate over three years.
GCC Islamic Equity Fund
Our flagship Shari'a-compliant GCC equity fund has consistently ranked in the top quartile of GCC Islamic equity funds as measured by Eurekahedge and Morningstar regional rankings.
Performance Disclaimer: Past performance is not indicative of future results. Returns shown are gross of management fees and performance fees. Net returns will be lower. All figures denominated in USD unless stated otherwise. Performance data is unaudited and subject to revision. Al Amal Investment Company KSCC is regulated by the CMA Kuwait (License No. XXX).
Explore Further
مزيد من المعلومات
Partner With Us
Become a Partner
كن شريكاً معنا
Al Amal invests in a diversified portfolio of GCC equities and principal investments as well as GCC-focused and GCC-domicile equity funds. Speak with our equities team to explore how our Shari'a-compliant strategies can help you achieve your investment objectives.
تستثمر شركة المنزة في محفظة متنوعة من أسهم دول مجلس التعاون الخليجي والاستثمارات الرئيسية، فضلاً عن الصناديق المتخصصة في دول المجلس. تواصل مع فريق الأسهم لدينا لاستكشاف كيف يمكن لاستراتيجياتنا المتوافقة مع الشريعة الإسلامية أن تساعدك في تحقيق أهدافك الاستثمارية.
Equities Team — Direct Contact
Direct Line
+965 182 26 26
equities@al-amalinvestment.com
Office Hours: Sunday – Thursday, 8:00 AM – 4:00
PM (AST)
Sharq, Kuwait City, State of Kuwait
Minimum Investment by Mandate