Browsing: Financial

Al-Humaidhi: CINET’s journey represents a national model in building a unified and trusted ecosystem that supports economic growth and enhances the efficiency of the financial sector. Al-Owaish: Credit information has evolved into a strategic tool that supports informed decision-making and strengthens the efficiency of financial and credit risk management. Kuwait, 21st June 2026: Kuwait Credit Information Network Company (CINET), the leading and sole provider of credit information and ratings in the State of Kuwait, is celebrating 25 years since its establishment. This milestone represents a journey of transformation and devel

Kuwait, 6 June 2026: Kuwait International Bank (KIB) announced the appointment of Abdullah Al-Asousi as General Manager of Financial Control and Planning, in a move that reflects the Bank’s continuous commitment to developing national talent as a key pillar of its sustainable growth and empowering them to advance into leadership positions. This appointment marks a key milestone in Al-Asousi’s distinguished career at the Bank since joining in 2015, during which he had held several leadership roles within the Financial Control and Planning Department before reaching his current position. During that time, he contributed to develo

Kuwait, 16 May 2026: Kuwait International Bank (KIB) announced joining the International Valuation Standards Council (IVSC), marking a strategic step that reflects its ongoing commitment to advancing the real estate services ecosystem and enhancing the quality of property valuation in line with the highest international standards. This move builds on KIB’s position as one of the leading financial institutions in providing integrated real estate solutions, including financing, advisory, valuation, and real estate asset management. These services are supported by an advanced digital infrastructure that improves operational efficiency a

Kuwait, 11 May 2026: Kuwait International Bank (KIB), in collaboration with Visa, announced the launch of Visa+, a new service that enables customers to receive international transfers seamlessly using only their mobile number, without the need to share complex banking details. This service, the first of its kind in Kuwait’s banking sector, allows KIB customers to link their registered mobile number to the card of their choice through the KIB Mobile application, making it easier and more secure to receive funds from abroad. Launched for retail customers, the service responds to growing demand for fast, convenient, and secure finan

Kuwait, 25 April 2026: Sheikh Mohammed Jarrah Al-Sabah, Chairman of Kuwait International Bank (KIB), announced the Group’s financial results for the first quarter of 2026. KIB Group achieved net profit attributable to shareholders amounting to KD 8 million, which grew by 10% compared to KD 7.3 million. Earnings per share (EPS) stood at 4.61 fils, compared to 4.19 fils for the first quarter of 2025. Total operating income reached KD 24.5 million, reflecting a growth of 13% compared to the first quarter of 2025. Commenting on the latest financial results, Al-Jarrah stated: “The results for the first quarter of 2026 reflect contin

Tuesday, 24th March, 2026 – The World Gold Council (WGC) announced recently a pioneering initiative to build new market infrastructure designed to unlock the next era of digital gold’s development. WGC has co-authored a White paper titled Digital Gold: The Case for a Shared Infrastructure with Boston Consulting Group (BCG) which explores “Gold as a Service” – a new platform to support the issuance and operation of scalable, interoperable digital gold products. Gold as a Service would act as an open platform, connecting the physical custody of gold with the digital systems used to issue and manage gold-backed products.

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

• Shareholders approve 2025 financial results with 93% attendance • Earnings per share reach 154 fils • Chairman Sheikh Nasser bin Hamad bin Nasser Al-Thani: 56% profit growth reflects our long-term commitment to shareholders • CEO Abdulaziz Yaqoub Al-babtain: Strategic partnerships position Ooredoo at the forefront of technology in line with Kuwait Vision 2035 Kuwait – 7th March 2026 Ooredoo Kuwait has approved a record cash dividend of 150 fils per share, the highest in the company’s history, following the approval of shareholders during its Ordinary and Extraordinary General Assembly meeting for the fisca

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