Kuwait, 16 March 2026: Kuwait International Bank (KIB) held its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on Monday, 16 March 2026, with 76.05% of shareholders in attendance. During the meeting, all agenda items of both the Ordinary and Extraordinary General Meetings were approved, including the Board of Directors’ recommendation to distribute cash dividends at a rate of 8% of the nominal value per share (8 fils per share) and 5% bonus shares (5 shares per 100 shares) for the year ended 31 December 2025.
While giving an overview of the KIB Group’s financial performance and achievements, Sheikh Mohammed Jarrah Al-Sabah, Chairman of KIB, stated: “Despite global economic challenges and the rapid pace of technological transformation, KIB, by the grace of Allah, has delivered a strong and balanced financial performance. This success was driven by the disciplined execution of an ambitious strategic plan and our continued investment in institutional capabilities, digital infrastructure, and human capital. These efforts have strengthened the resilience of our financial position and reinforced our standing as a trusted Islamic banking institution in Kuwait and the region.”
He added: “We continued to translate our strategic plan for the 2024 to 2028 period into tangible execution steps, achieving clear progress across its main pillars. We focused on strengthening our core banking activities, accelerating digital and operational transformation, and embedding data driven decision making frameworks. This approach ensured closer alignment between performance, risk management, and capital efficiency.”
“We also made progress in diversifying income sources and deepening business relationships through carefully selected strategic partnerships. At the same time, we advanced innovation in banking products and services and improved the flexibility of our business models and the effectiveness of our operations. In parallel, we sustained investments in technology infrastructure, human capital, and governance and sustainability initiatives. These efforts allowed us to close the year on a solid strategic foundation and with strong readiness to continue executing the plan over the remaining years. This is guided by our strategic vision to become the Islamic bank of choice in the State of Kuwait”.
Commenting on the key results based on its financial statements, Al-Jarrah noted that for the year ended 31 December 2025, KIB Group recorded a net profit attributable to shareholders of KD 30.1 million, reflecting a 30% year-over-year growth, with earnings per share (EPS) of 14.48 fils. Meanwhile, total operating income increased by 11%, reaching KD 101.5 million in 2025. Net financing income rose to KD 68.7 million, while fees and commission income grew by 21% to KD 21 million. Investment income also recorded strong growth of 137%, reaching KD 7.6 million.
Balanced progress across sectors
Commenting on the Bank’s performance, Raed Jawad Bukhamseen, Vice Chairman and Chief Executive Officer of KIB stated: “The Bank continued to achieve balanced progress across its various business segments in 2025, supported by an advanced business model focused on diversifying income sources and enhancing the quality of the financing portfolio. KIB strengthened its relationships with partners in commercial banking and expanded its international activities as a trusted partner in Sharia-compliant cross border financing. We also continued to develop the ‘Aqari’ platform and digital services to improve efficiency in the real estate sector and support the growth of non-financing income.”
He added: “Treasury activities continued to support financial stability and maintain strong liquidity levels. Retail banking services witnessed further expansion in digital channels and self-service solutions, supported by ongoing investments in technology infrastructure and digital transformation. These efforts enhance the customer experience and support the Bank’s sustainable growth. We also maintained our active role in the sukuk markets and continued investing in the development of our human capital, while nurturing a new generation of national leaders capable of driving growth in the next phase.”
Regarding the Group’s financial position, Bukhamseen highlighted that the total assets grew by 18%, reaching KD 4.64 billion, compared to KD 3.92 billion at the end of 2024. The Bank’s financing portfolio grew by 17% to KD 3.32 billion, compared to KD 2.85 billion at the end of 2024. Meanwhile, the securities investment portfolio, primarily concentrated in high-quality Sukuk, stood at KD 568.9 million as of 31 December 2025, representing an 11% increase compared to the previous year.
He added that depositors’ accounts grew by 17% compared to the previous year, reaching KD 3.22 billion by the end of 2025. Meanwhile, shareholders’ equity attributable to the Bank increased by 10% to KD 382.8 million. The Bank also maintained strong total capital adequacy ratio in accordance with the Central Bank of Kuwait’s Basel III requirements, reaching 22.08% as of 31 December 2025.
Sustainable Sukuk
Bukhamseen stated that KIB achieved a series of strategic milestones in 2025, most notably the successful issuance of USD 300 million in sustainable Sukuk as part of its Tier 2 capital. The issuance witnessed record investor demand, oversubscribed by more than seven times, with total orders exceeding USD 2.1 billion. This achievement reflects strong market confidence in the Bank’s performance and strategy, further strengthening its standing in regional and international markets. The Sukuk received a BBB+ rating from Fitch and are listed on the London Stock Exchange.
In this regard, Mohamed Said El Saka, KIB’s Deputy CEO, stated: “During 2025, we focused on translating our strategic direction into tangible initiatives aimed at enhancing the customer experience and simplifying the banking journey. This included improving service speed and quality, strengthening integration across channels, and advancing internal tools to support data-driven decision making. We also continued investing in the development of national talent and reinforcing an institutional culture grounded in innovation, responsibility, and sustainability, enhancing the Bank’s readiness to adapt to changes in the banking sector and to deliver sustainable long-term growth.”
He added: “During 2025, we worked to build a more flexible and sustainable technology and operational infrastructure to support business continuity and align with our future expansion plans. We upgraded storage systems, databases, and enhanced the technology integration layer, improving system connectivity and accelerating the rollout of digital services. We also launched specialized platforms such as KIB Invest and KIB Wage, while continuing to develop our retail, corporate, and real estate platforms. In parallel, we redesigned several operational processes using agile methodologies and strengthened automation and integrated operating models. These initiatives reduced processing times, enhanced service quality, and reinforced the Bank’s readiness to sustain growth and meet the evolving requirements of the banking sector.”
Awards and Recognition
He added: “The progress we achieved across our areas of operation contributed to KIB receiving a number of prestigious awards from Capital Finance International, reflecting the quality of our initiatives and our leadership in several areas”.
The Bank was named Best Bank in Financial Literacy Program in the Middle East and North Africa 2025, underscoring its commitment to promoting financial awareness and supporting the development of financial culture within the community. It also received the Excellence in Branch Design and Customer Journey in the Middle East and North Africa 2025 award, in recognition of its efforts to create a modern banking environment that enriches the customer experience and enhances satisfaction. In addition, KIB was honored with the Excellence in Innovative Corporate Banking Services in the Middle East and North Africa 2025 award, highlighting its strength in delivering advanced solutions for the corporate sector and reinforcing its competitive position.
During 2025, KIB continued to integrate Environmental, Social, and Governance (ESG) considerations into its business model, while reinforcing sustainability as a key enabler of long-term growth. The Bank made progress in developing and formalizing its ESG strategy, including the identification of key performance indicators and the establishment of clear mechanisms for measurement and ongoing monitoring. These efforts support the expansion of sustainability initiatives and strengthen governance and transparency practices.
The Bank also published its annual sustainability report, reflecting its commitment to institutional disclosure and enhanced engagement with stakeholders. In the area of sustainable finance, KIB adopted a sustainable finance framework, completed the required external verification process, and published the framework through appropriate channels. The successful issuance of sustainable Tier 2 Sukuk further demonstrated KIB’s effective use of sustainable finance instruments and its support for medium term sustainability priorities.
KIB also continued implementing practical initiatives aimed at rationalizing energy consumption, reducing reliance on paper-based transactions, and expanding recycling practices. Alongside these efforts, the Bank advanced its social responsibility programs, most notably through the activities of the KIB Mubader Center, which supports entrepreneurship and innovation through targeted training programs and high-impact community and educational partnerships. These initiatives contribute to the development of entrepreneurial capabilities and enhance prospects for long term success.
In his closing remarks, Al-Jarrah extended his sincere thanks and deep appreciation to the Bank’s valued shareholders for their continued trust and support. He also expressed his profound gratitude to all those who have supported the Bank throughout its journey.
He conveyed his appreciation to the Central Bank of Kuwait for its continuous support and its distinguished regulatory and supervisory role, as well as to the Ministry of Commerce and Industry for its dedicated efforts in supporting and overseeing commercial and economic activities. He also thanked the Capital Markets Authority for its active role in enhancing an attractive and competitive investment environment in the State of Kuwait.
Al-Jarrah further extended his thanks and appreciation to the members of the Board of Directors, the esteemed members of the Sharia Supervisory Board, the Executive Management, and all employees of the Bank for their sincere efforts and continuous dedication. He also expressed his gratitude to the Bank’s valued customers for their trust and ongoing support, and for their effective contribution to the Bank’s achievements and continued growth and success.
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