KIPCO Reports Net Profit of 17.5 Million Dinars in the First Half
Recorded an 18% growth, with earnings per share reaching 8.32 fils.
Mohammed Jarrah Al-Sabah: Total assets rose by 10% to approximately KD 4.60 billion.
Financing portfolio volume increased by 12%, reaching KD 3.45 billion.
Raed Bu-Khamsin: Depositor accounts grew by 16%, reaching KD 3.29 billion.
Investment income rose to KD 3.3 million, reflecting a 14% growth rate.
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 achieved net profit attributable to shareholders of approximately KD 17.5 million, with earnings per share of 8.32 fils, compared to a profit of KD 14.8 million and earnings per share of 6.77 fils during the first half of 2025, representing an 18% growth rate. Total operating revenues reached KD 51 million, recording a 10% increase compared to the first half of 2025.
Al-Sabah noted that total assets grew by 10% to 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, up from KD 3.09 billion in the corresponding period last year. Additionally, the financial investments portfolio, which includes high-quality sukuk, increased by KD 60 million to reach approximately KD 582 million as of the end of June 2026.
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Al-Sabah expressed his pride in KIB’s performance during the first half despite geopolitical developments in the region, emphasizing that these results reflect the Group’s ability to achieve sustainable growth supported by operating revenues while maintaining asset quality and profitability. This underscores the robustness of the 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 in asset quality and profitability, alongside measured growth in financing and deposits. This reflects the bank’s flexibility in executing its strategy and supports the sustainability of the Group’s performance.
Al-Sabah stated that the bank believes investing in national talent is one of the key drivers of sustainable growth; therefore, it continues to develop and attract talent to enhance the bank’s readiness for future requirements.
For his part, Raed Bu-Khamsin, Vice Chairman and Chief Executive Officer, outlined the key financial indicators for the first half. Financing revenues rose to KD 106 million, compared to KD 95.4 million, representing an 11% growth rate. Fee and commission income increased to KD 12.2 million, up from KD 9.3 million, reflecting a 30% growth rate. Investment income also rose to KD 3.3 million, compared to KD 2.9 million, with a 14% growth rate. These factors contributed to total operating revenues reaching KD 51 million, a 10% increase.
Bu-Khamsin highlighted that KIB’s depositor accounts grew by KD 451 million, a 16% increase, reaching 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% to reach KD 379 million as of June 30, 2026, compared to KD 357.7 million in the corresponding period last year. He noted that KIB continues to maintain high levels of total capital adequacy ratios in accordance with Basel 3 regulations, reaching 21%.
Bukhamseen noted that during the first half of the year, the 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 maturity for First Abu Dhabi Bank.
He added that the bank continues to implement its digital strategy by developing e-banking services and investing in technological infrastructure, thereby contributing to enhanced operational efficiency.
