Browsing: Growth

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

Ooredoo Kuwait tops industry in profit and revenue growth over five years • Study highlights leadership in digital transformation and rising market share • Ooredoo records highest sector growth, reaffirming operational strength • Strong financial and operational outperformance between 2021 and 2025 • Ranked first in subscriber base across Kuwait’s telecom sector • Leads in profit and revenue growth over five-year period Kuwait, 20th April 2026 – Kuwait’s telecommunications sector continues to demonstrate resilience and steady growth, according to a recent study by Kuwait Investment Company (KIC)

At the 62nd Annual General Assembly Meeting Kuwait, 29 March 2026 – Burgan Bank K.P.S.C. (“Burgan Bank” or “the Bank”) held its 62nd Annual General Assembly Meeting on Saturday, 28 March 2026, at its headquarters, with a quorum of 83.122% of shareholders present, exceeding the minimum threshold of more than 50% as prescribed by regulatory guidelines and the Bank’s bylaws. During the meeting, shareholders reviewed the Bank’s financial results and operational performance for the fiscal year ended 31 December 2025, and approved the distribution of cash dividend of 6 fils per share, in addition to bon

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

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

Reaffirming the Bank’s proactive role in leading digital transformation in line with its support of Kuwait Vision 2035 Kuwait, 28 December 2025 In line with its ongoing mission to lead with innovation and leverage technology to drive its sustainable growth, Burgan Bank recently took part in the Oracle Data and AI Forum alongside more than 100 of Kuwait’s most influential industry leaders and forward-thinking Oracle customers. The Bank’s participation in the high-level industry forum comes as part of its ongoing digital transformation strategy and its committed contribution to achieving Kuwait Vision 2035 goals. Repre