KIB Group Reports 17.5 Million KD Net Profit in First Half of 2026

Raed Boukhsin:

Sheikh Mohammed Jarrah Al-Sabah, Chairman of the Board of Directors of Kuwait International Bank (KIB), announced the financial results for the first half of the fiscal year ending June 30, 2026. The Group recorded net profit attributable to shareholders of approximately KD 17.5 million, with an earnings per share (EPS) of 8.32 fils, compared to net profits of approximately KD 14.8 million and an EPS of 6.77 fils in the first half of 2025, representing a growth rate of 18%. Total operating revenues reached KD 51 million, marking a 10% increase compared to the first half of 2025.

Regarding the financial data for the first half of 2026, Al-Sabah highlighted a 10% growth in total assets, reaching approximately KD 4.60 billion, compared to KD 4.19 billion as of June 30, 2025. This growth was driven by a KD 360 million increase in the financing portfolio, representing a 12% growth rate, bringing the total to KD 3.45 billion, compared to KD 3.09 billion in the corresponding period of the previous year.

Additionally, the financial investments portfolio, which includes high-quality sukuk, rose by KD 60 million to reach approximately KD 582 million as of the end of June 2026, compared to approximately KD 522 million in the same period of 2025.

Commenting on the financial results, Al-Sabah expressed pride in KIB’s performance during the first half of 2026, despite geopolitical developments in the region. He emphasized that these results reflect the Group’s ability to achieve sustainable growth supported by operating revenues, while maintaining asset quality and profitability, thereby demonstrating the robustness of its business model and its capacity to deliver sustainable value to shareholders.

He added that the bank continues to maintain a stable capital base and balanced levels of asset quality and profitability, alongside measured growth in financing and deposits. This reflects the bank’s flexibility in executing its strategy and supports the sustainability of the Group’s performance.

Al-Sabah noted that the bank believes investing in national talent is one of the key drivers of sustainable growth. Therefore, it continues to develop and attract talent to enhance the bank’s readiness for future requirements.

For his part, Raed Jawad Bu-Khamsin, Vice Chairman and Chief Executive Officer, outlined the key financial indicators for the first half of 2026 compared to the same period last year. Financing revenues rose to KD 106 million, up from KD 95.4 million, representing an 11% growth. Fee and commission income increased to KD 12.2 million, compared to KD 9.3 million, marking a 30% growth. Investment income also rose to KD 3.3 million, up from KD 2.9 million, a 14% increase. These factors contributed to total operating revenues reaching KD 51 million, a 10% increase.

Regarding the bank’s financial position, Bu-Khamsin pointed out that KIB’s deposit accounts grew by KD 451 million, or 16%, reaching KD 3.29 billion as of June 30, 2026, compared to KD 2.84 billion in the same period last year. Total equity attributable to shareholders also grew by 6%, reaching KD 379 million as of June 30, 2026, compared to KD 357.7 million in the corresponding period last year. He noted that KIB continues to maintain high levels of total capital adequacy ratios in accordance with Basel III regulations, standing at 21% as of June 30, 2026.

Bu-Khamsin highlighted that during the first half of 2026, the KIB Group, through its investment arm (KIB Invest), participated as a joint lead arranger in two notable successes. The first was the historic issuance of USD 1 billion in sukuk for the Islamic Development Bank, rated AAA with a stable outlook. This strategic deal enhances global confidence in the Group’s capabilities in Islamic capital markets and its leading role in structuring high-quality issuances for major international institutions.

The second success involved participation in the successful issuance of USD 700 million in unsecured sukuk with a five-year tenor for First Abu Dhabi Bank, one of the leading financial institutions in the region.

On another note, Bu-Khamsin stated that the bank continues to implement its digital strategy by developing e-banking services, enhancing customer experience, and investing in technological infrastructure, thereby contributing to improved operational efficiency.

In conclusion, Al-Sabah and Bu-Khamsin expressed their appreciation for the supervisory and regulatory role played by the Central Bank of Kuwait, as well as the role of the Capital Markets Authority in supporting a stable and competitive investment environment. They also thanked the bank’s shareholders and clients for their continued trust, and KIB employees for their efforts and contributions in achieving these results, reaffirming their commitment to strengthening the bank’s financial position and achieving sustainable growth.