Browsing: Financial

In line with the Bank’s “Teach Them Young” CSR program Kuwait, 8 February 2026 Expanding on its robust strategy for investing in Kuwait’s national talents and equipping future-ready youths to lead the banking sector, Burgan Bank hosted the American United School (AUS) high school students at the head office, as part of “Teach Them Young”, Burgan Bank’s youth-focused corporate social responsibility (CSR) initiative. The field visit covered several topics, including the history of banks and the evolution of the banking profession, modern digital banking services, safety practices against fi

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

Burgan Bank K.P.S.C. (“Burgan” or “the Bank”) announced its financial results for the year ended 31 December 2025 (FY’25), reporting a resilient performance underpinned by disciplined strategy execution, diversified revenue streams, prudent risk management, and a robust balance sheet. The Bank’s results were achieved amid a complex global and regional backdrop shaped by evolving economic conditions and ongoing geopolitical developments. For FY’25, total revenues increased 17% y-o-y to KD 268 million, driven by strong growth across both interest and non-interest income streams. Net interest income r

Kuwait, January 25, 2026: Kuwait Credit Information Network Company (CINET), Kuwait’s leading and sole provider of credit information and credit ratings, has won the Silver Award for Best Environmental, Social, and Governance (ESG) Campaign at the Middle East Public Relations Association (MEPRA) Awards, in recognition of its impactful “Mr. Score” video commercial and the integrated awareness campaign accompanying it. This regional recognition underscores CINET’s ongoing commitment to its social role in enhancing credit awareness and promoting financial credit in Kuwait, while reinforcing responsible credit behavi

With more than 800K users to date, the launch marks a significant milestone in O Gold’s evolution from a digital gold investment platform into a comprehensive gold-centric ecosystem Dubai, United Arab Emirates, 12th January 2026: O Gold, the UAE’s trusted Shariah-compliant gold investment platform, has officially announced its strategic evolution into a comprehensive Super App and introduced a gold-backed Mastercard to mark a significant milestone in the fintech sector. This announcement marks a total transformation for the company, which now serves a rapidly growing community of 800K users by turning physical gold into a

Kuwait, 13 January 2026: As part of its commitment to advancing financial innovation, empowering emerging talent, and supporting the advancement of the national economy, Kuwait International Bank (KIB) announced its participation in the Motawer Program, the first national initiative dedicated to supporting innovation in financial technology (fintech) across Kuwait. The program is presented by the Kuwait Banking Association (KBA) under the guidance and support of the Central Bank of Kuwait (CBK). As part of the program’s activities, Khalid Al-Sumait, Executive Manager – Core Digital Factory at KIB, recently took part as a speaker in o

Board of Directors proposed an additional cash dividend distribution to the shareholders of 8% of the nominal share value (QAR 0.08 per share), subject to QCB approval and shareholders’ approval at the AGM, taking the total cash dividend for the FY 2025 to 16% of the nominal share value (QAR 0.16 per share) Highest-ever profitability underpinned by a persistent year-on-year growth in net banking income by 6% Group’s total assets reached the highest levels at QAR 123.8 billion The Bank achieved an impressive growth of 21% in current and savings accounts, underscoring customers’ confidence and the strength of the B

Kuwait, 17 December 2025: Kuwait International Bank (KIB) and Al Muzaini Exchange announced the signing of a strategic partnership agreement to launch a new program for Al Muzaini’s multi-currency prepaid cards, along with the development of a specialized branded digital application, all under the ‘BIN’ program sponsored by KIB. The announcement was made during a recently held press conference as part of KIB’s ongoing efforts to drive digital innovation and expand the Banking as a Service (BaaS) model in Kuwait, keeping pace with rapid developments in the fintech sector and meeting the growing demand for secure, mod

Kuwait City, 3rd December 2025: Kuwait Credit Information Network Company (CINET) concluded the activities of its Credit Conference “Empowering Vision, Enabling Decision”, held in Kuwait with the participation of members of the Arab Committee on Credit Information under the Arab Monetary Fund. The event brought together representatives from Arab central banks, chief executives of regional credit bureaus, and senior leaders from the finance, technology, telecommunications, and real estate sectors. The significant attendance underscored the importance of credit information systems and their pivotal role in supporting financial s

Kuwait, 29 November 2025: Representing the State of Kuwait, Sheikh Mohammed Jarrah Al-Sabah, Chairman of Kuwait International Bank (KIB) and a Board Member of the Union of Arab Banks, participated in the 2025 Annual Arab Banking Conference held in Beirut. Themed ‘Investing in Construction and the Role of Banks’, the event took place under the patronage of the President of the Lebanese Republic, General Joseph Aoun. The conference, held on Thursday and Friday, 27-28 November 2025, at the InterContinental Phoenicia Hotel in Beirut, was organized by the Union of Arab Banks in cooperation with the Association of Banks in Lebanon an