KIB Posts KWD 17.5 Million Profit in First Half, Up 18%

Sheikh Mohammed Jaraah Al-Sabah, Chairman of the Board of Directors of Kuwait International Bank (KIB), announced the financial results for the first half ended June 30, 2026. The Group reported net profit attributable to shareholders of approximately KD 17.5 million, with earnings per share (EPS) of 8.32 fils, compared to a profit 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, or 12%, in the financing portfolio, which rose to KD 3.45 billion from KD 3.09 billion in the corresponding period of the previous year. Additionally, the financial investments portfolio, which includes high-quality sukuk, increased by KD 60 million to reach approximately KD 582 million by the end of June 2026, up from 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, underscoring 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 demonstrates the bank’s flexibility in executing its strategy and supports the sustainability of the Group’s performance.

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 from KD 95.4 million, an 11% increase. Fee and commission income grew to KD 12.2 million from KD 9.3 million, a 30% increase, while investment income reached KD 3.3 million from KD 2.9 million, a 14% increase. These factors contributed to total operating revenues reaching KD 51 million, up by 10%.

Regarding the bank’s financial position, Bu-Khamsin noted that customer deposits at KIB grew by KD 451 million, or 16%, to reach 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 of the previous year. He further noted that KIB continues to maintain high levels of total capital adequacy ratios in accordance with Basel 3 regulations, standing at 21% as of June 30, 2026.

He noted that during the first half of 2026, the KIB Group, through its investment arm (KIB Invest), participated as a joint lead manager in two notable successes. The first was the historic issuance of $1 billion in Sukuk for the Islamic Development Bank, rated AAA with a stable outlook, in a strategic deal that reinforces growing 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 participating in the successful issuance of $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-Jarrah and Bu Khamsin expressed their appreciation for the supervisory and regulatory role played by the Central Bank of Kuwait, and for 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.