KIB Group Reports 17.5 Million KD in Net Profit for the First Half of 2026
- Mohammed Al-Jarrah: The results reflect the Group’s ability to achieve sustainable growth supported by operating revenues.
- The Bank believes that investing in national talent is one of the key drivers of sustainable growth.
- Raed Bu-Khamseen: The Bank continues to implement its digital strategy through the development of electronic banking services.
- The Group plays a leading role in structuring high-quality issuances for major international institutions.
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 of 8.32 fils, compared to profits of approximately KD 14.8 million and an earnings per share of 6.77 fils during 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-Jarrah pointed out that total assets grew by 10%, 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 to reach KD 3.45 billion, compared to KD 3.09 billion in the same period last 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, compared to approximately KD 522 million in the corresponding period of 2025.
Commenting on the financial results, Al-Jarrah expressed his pride in the performance achieved by KIB 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, which reflects the Bank’s agility in executing its strategy and supports the sustainability of the Group’s performance.
For his part, Raed Jwad Bu-Khamseen, 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, compared to KD 95.4 million, representing an 11% growth. Fee and commission income increased to KD 12.2 million, up from KD 9.3 million, marking a 30% growth. Investment income also rose to KD 3.3 million, compared to KD 2.9 million, representing a 14% growth. These factors contributed to an increase in total operating revenues to KD 51 million, reflecting a 10% growth.
Regarding the Bank’s financial center, Boukhsain noted that customer deposits at KIB grew by KD 451 million, or 16%, reaching KD 3.29 billion as of June 30, 2026, compared to KD 2.84 billion for the same period last year. Total shareholders’ equity also recorded a 6% growth, reaching KD 379 million as of June 30, 2026, up from KD 357.7 million in the corresponding period last year. He further highlighted KIB’s consistent maintenance of high total capital adequacy ratios in line with Basel III regulations, standing at 21% as of June 30, 2026.
Boukhsain pointed out 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, which received an AAA credit rating 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 participation 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.
Boukhsain 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.
Al-Jarrah and Boukhsain 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 extended their gratitude to the Bank’s shareholders and customers for their continued trust, and to 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.
