Ahli Bank: Capital Increase Subscription Begins Today at 27.29%
The National Bank of Kuwait begins the subscription for capital increase to support its digital strategy and growth.
Translated by Qiyas from الجريدة — Original source
Kuwait National Bank announced its readiness to begin the subscription for its capital increase today, following the receipt of necessary approvals from regulatory authorities and the completion of all required preparations. The capital increase will be implemented through the issuance of 750 million shares, representing a 27.29 percent increase in the bank’s issued and paid-up capital.
The subscription is open to shareholders registered in the bank’s shareholder register as of the record date of the 4th. The subscription period runs from today and closes at 1:00 PM Kuwait time on the 22nd.
The prospectus and all information related to the offering and subscription are available on the websites of the bank, ABK Wealth Management, and the Kuwait Stock Exchange. Subscription applications will be accepted through the company’s online subscription platform at www.ipo.com.kw, operated by the Kuwait Clearing Company, during the subscription period.
Commenting on the occasion, Talal Mohammad Reza Bahbahani, Chairman of the Board of Directors of the Kuwait National Group, stated: “The capital increase will strengthen our ability to support our ambitious new five-year strategy and implement associated growth plans, while maintaining adequate capital margins.”
Bahbahani added that this step coincides with the strong financial performance achieved by the bank in recent periods, noting that positive results and continuous growth reflect the robustness and high resilience of the Kuwait National Bank Group’s business model in adapting to market changes.
He explained that the proceeds from the subscription will support the bank’s strategy to enhance its digital capabilities and invest in technical infrastructure, as well as strengthen artificial intelligence applications, ensuring the delivery of an exceptional and seamless banking experience to customers. Additionally, the capital increase will facilitate the expansion of the bank’s commercial banking activities in the markets where it operates. It will also help consolidate the bank’s position as a key partner in supporting the local economy.
Bahbahani anticipated strong investor interest in the subscription for the bank’s capital increase shares, citing the high level of confidence enjoyed by the bank among investors, shareholders, and customers. He emphasized his consistent commitment to maximizing shareholder value.
This confidence was also reflected in the bank’s previous capital increase in 2023, which attracted subscriptions totaling 331.37 million dinars, exceeding the offering value of 100 million dinars by more than 3.3 times.
He also praised the continuous support received by the bank from local regulatory authorities, notably the Central Bank of Kuwait, the Capital Markets Authority, the Kuwait Stock Exchange, and the Ministry of Commerce and Industry.
The bank recorded net profits of 54.2 million dinars during the first nine months of 2026, representing a 16.2 percent growth compared to the same period last year. Earnings per share reached 17.6 fils, compared to 15 fils during the first nine months of the previous year.
