Boubyan Reports 80.7 Million KD in Net Profit

Boubyan Bank announced its financial results for the nine-month period ended September 30, 2026, recording net profits of 80.7 million Kuwaiti dinars, representing a 4% growth compared to the same period last year, and earnings per share of 16 fils. The bank’s assets rose during the same period to 11 billion dinars, up 8% year-on-year, while its financing portfolio reached 8.4 billion dinars, a 10% increase. Operating profits amounted to 110 million dinars, reflecting a 9% growth.

Commenting on the financial results, Abdulaziz Abdullah Duhaish Al-Shaikh, Chairman of the Board of Directors of Boubyan Bank, stated that the announced results and indicators reflect the bank’s ability to adapt and respond professionally, dynamically, and flexibly to various changing conditions, while further strengthening its sustainable growth strategy. This is driven by a distinctive business model that has enabled the bank to capitalize on all available opportunities, with a strong focus on optimal resource management to enhance profitability rates and adhere to the highest standards of operational efficiency.

He added that Boubyan focuses on the quality and sustainability of its growth by continuing to develop services and improve customer experience across various channels, alongside developing wealth management solutions that align with the diverse needs and aspirations of its customers. The achievements and recognitions the bank has earned locally, regionally, and globally further underscore its entrenched presence in the fields of innovation, digital banking, and Islamic finance.

He clarified that the issuance of Mudaraba Sukuk valued at 90 million dinars—the bank’s first local currency Sukuk issuance, within the first additional tranche of capital—represents a significant addition to financing and investment instruments in the local market. This move supports the efficiency of the capital structure and future growth plans, confirming investors’ confidence in the bank’s strong financial position and its standing in the capital markets.

He continued, “We continue to work on enhancing the bank’s readiness for the next phase, reinforcing its financial and operational resilience, and investing in its digital and human capabilities. We look forward to completing the year according to clear priorities, relying on the strength of the bank’s financial position and the commitment of our teams to execute their priorities.”

Al-Shaikh concluded, “On behalf of the Board of Directors, I extend my gratitude to our shareholders, clients, and investors for their continued trust, and to the executive management and human resources of the bank for their efforts and commitment. Boubyan will continue to reinforce the principles of governance and sound management, working to achieve sustainable growth and enhance its position as one of the leading Islamic banking institutions in Kuwait and the region.”

On his part, Adel Al-Majid, Vice Chairman and Chief Executive Officer of Boubyan Group, stated that the bank continues to develop its institutional capabilities, invest in human capital, and improve operational efficiency. This comes in parallel with the development of services and solutions offered to various customer segments, supporting business development, driving performance efficiency, and keeping pace with rapid market developments.

He added that Boubyan is proceeding with the implementation of its institutional transformation strategy by leveraging artificial intelligence technologies to develop its business model and enhance the efficiency of various departments, thereby supporting the establishment of a technology-backed banking institution. This is accompanied by investments in developing the skills of its workforce and enhancing their future readiness. The bank is implementing specialized training programs for its executive leadership to deepen their knowledge of applications and explore ways to utilize them in the work environment, within the frameworks of governance and data protection.

Regarding the diversification of funding sources, Al-Majed noted that the bank completed a syndicated financing facility compliant with Islamic Sharia principles, valued at USD 300 million and with a three-year tenor, led by HSBC Bank and involving several major Chinese banks, a move that enhances Bayan’s presence in global financing markets. He clarified that the bank is expanding its strategic partnerships with entities across various fields and sectors, enabling its clients to benefit from a range of offers and advantages, while continuing its community role through targeted events and initiatives that support different sectors and segments, reflecting its commitment to serving society. Al-Majed pointed out that Bayan is strengthening its role as a partner for small and medium-sized enterprises (SMEs) by enhancing their connectivity with a network of strategic partners and specialized service providers, which support various aspects of their businesses and keep pace with their evolving needs. Furthermore, the bank is expanding its strategic partnerships with entities from diverse fields and sectors, allowing its clients to benefit from a variety of advantages and services. Concluding his remarks, Al-Majed emphasized that Bayan Bank will continue to focus on key growth drivers, investing in innovation, technology, and human capital, thereby supporting the sustainability of the bank’s performance, enhancing its competitiveness, and solidifying its position as a bank capable of adapting to changes and creating new growth opportunities.

Continuous Achievements

Bayan has continued to strengthen its leading presence at the local, regional, and global levels, having received numerous prestigious awards from Global Finance and Euromoney institutions across various fields, as international recognition of the comprehensiveness of the banking model adopted by Bayan in developing its business and its success in building an integrated Islamic financial institution.

Participations and Meetings

Adel Al-Majed participated in a closed-door banking panel discussion hosted by the Central Bank of Kuwait in collaboration with Global Finance magazine, to discuss the future of the banking sector and the Kuwaiti economy, as well as the key transformations impacting the future of the banking industry and the priorities necessary to continue enhancing the resilience and stability of the sector at global, regional, and local levels.