Browsing: Capital

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 Moham

Kuwait, 8 February 2026: Kuwait International Bank (KIB) announced that it has won the “Regulatory Deal of the Year 2025” award for its USD 300 million sustainable Sukuk, issued last year as part of its Tier 2 capital. This recognition from the globally renowned Islamic Finance News (IFN) highlights the exceptional success of the issuance, which was recognized as the first of its kind for sustainable Sukuk issued by a Kuwaiti institution. These Sukuk also achieved remarkable success by recording the highest oversubscription rate of an issuance by a financial institution in the Middle East and North Africa (MENA) region during 2

The assembly was held yesterday with an attendance quorum of 83.567% Kuwait, 16 November 2025 Burgan Bank (“the Bank”) held its 38th Extraordinary General Assembly on Saturday, November 15, 2025, at the bank’s headquarters, with a 83.567% quorum. The Extraordinary General Assembly approved the Board of Directors’ proposal to increase Burgan Bank’s authorized capital from KD 400 million (divided into 4 billion shares of 100 fils each), to KD 600 million, (divided into 6 billion shares of 100 fils each), representing an overall increase of KD 200 million (2 billion shares of 100 fils each). This resolution