KIB Posts 26.6 Million KD Profit in 9 Months, Up 30%

Sheikh Mohammed Al-Jarrah, Chairman of the Board of Directors of Kuwait International Bank (KIB), announced that the Group achieved net profits attributable to shareholders amounting to 26.6 million Kuwaiti dinars during the nine months ended September 30, 2026, compared to profits of 20.4 million dinars during the same period in 2025, representing a growth rate of 30 percent. Earnings per share reached 13.51 fils, compared to 9.98 fils during the same period in 2025. Meanwhile, net profit attributable to shareholders for the third quarter alone stood at approximately 9 million dinars, reflecting a growth rate of 62 percent.

Al-Jarrah stated, “The financial results achieved by KIB during the first nine months of 2026 reflect the Bank’s success in sustaining growth and delivering balanced performance in a regional environment characterized by rapid developments and far-reaching implications for markets. Thanks to our comprehensive strategy, we have successfully navigated these changes efficiently, while continuing to focus on business quality, diversification of income sources, improvement of operational efficiency, and prudent risk management.”

He added, “KIB continued to execute its strategic priorities during the period, leveraging the strength of its customer base and its accumulated expertise in Islamic banking and capital markets. The developments in the Bank’s operations throughout the year demonstrated its ability to expand the scope of its innovative services and products, diversify its revenue and funding sources, strengthen relationships with customers and investors, and broaden its presence in both local and regional capital markets.”

Regarding the Group’s financial position, Al-Jarrah pointed out that total assets grew by 8 percent to reach 4.74 billion dinars as of September 30, 2026, compared to 4.37 billion dinars as of September 30, 2025. This growth was driven by a 269 million dinar increase, or 8 percent, in the financing portfolio, which rose to 3.48 billion dinars from 3.21 billion dinars during the same period last year. Additionally, the financial investments portfolio, which includes high-quality sukuk, increased by 62 million dinars, or 12 percent, to reach approximately 582.7 million dinars as of September 30, 2026, compared to approximately 520.4 million dinars as of September 30, 2025.

For his part, Raed Jwad Bu-Khamseen, Vice Chairman and Chief Executive Officer, stated, “The results achieved by KIB during the first nine months of the current year reflect continuous efforts to develop a more diversified and flexible business model, alongside a focus on enhancing operational efficiency and improving service quality. We have continued to invest in our human and technical capabilities, and in developing solutions that respond to market changes and our customers’ needs.”

Bu-Khamseen added, “While we continue to strengthen our local operations, the past period witnessed a notable expansion in KIB’s activities across regional capital markets, underscoring our ability to leverage our banking and investment expertise in new markets and reinforcing our presence as a trusted partner in Islamic financing.”