GCC listed companies post record $74.8bn in Q2 2026 profits
Energy and banking earnings drove a 31.3% surge to $74.8 billion despite declining export volumes.
Companies listed across the Gulf Cooperation Council achieved net profits of $74.8 billion in the second quarter of 2026, marking a record high for the region. This figure represents a 31.3 percent increase compared to the same period last year. Kamco Invest attributes the growth primarily to rising average crude oil prices and strong performance in the energy and banking sectors. While crude oil exports from the region fell, higher global prices more than compensated for the lower volumes. Q1 profit figures were 10 percent lower than the preceding quarter of 2025. At the national level, profits grew by double digits in Kuwait, Saudi Arabia, Abu Dhabi, and Oman. Companies listed on the Dubai Exchange saw a 4.9 percent profit rise. Conversely, profits for entities listed on Qatar Stock Exchange fell 20 percent, while Bahraini companies reported a decline of 0.4 percent. The analysis highlights that geopolitical tensions continue to impact investor sentiment, yet corporate earnings demonstrate significant resilience driven by oil revenue.
