During the 41st General Meeting for the financial year 2023, the Public Utilities Management Company, led by the Chairman of the Board of Directors, Dr. Muhammad Al-Abd Al-Jader, and attended by the CEO, Saleh Yousef Al-Othman, along with representatives from the Kuwait Investment Authority and the State Audit Bureau of Kuwait, announced a record-high profit percentage of KD 10.87 million, marking the company's highest profit achievement since its inception. 

The company's ordinary general meeting approved the Board of Directors' report for the financial year 2023 and approved the distribution of 100% cash dividends to shareholders of the company's capital for the financial year ending on December 31st   2023. 

The Chairman of the Board of Directors stated that the company's profits for the year 2023 are the highest since its inception, describing this milestone as a historic year for the company and expressing anticipation for further achievements in the future. 

Al-Abdul Jader highlighted that the total assets of the Public Utilities Management Company saw a 9.619% increase in 2023, and the total equity continued to grow by 22.209% in the same year. Additionally, total revenues reached KD 17.17 million in 2023, compared to KD 13.84 million in 2022, showing a growth rate of 24.9%. 

The company's net profit for 2023 amounted to KD 10.87 million, marking a 43.8% growth from the KD 7.56 million in 2022. Furthermore, the total earnings per share reached KD 9,058 in 2023, up from KD 6,298 in 2022, reflecting a growth rate of 43.824%.