Tag Archives: kib

KIB closing its $250 mln Murabaha

KUWAIT CITY, July 14: KIB held an exclusive ceremony to mark the occasion of the Bank’s successful closing of a $250 million 3-year syndicated Murabaha financing facility. This landmark financing was concluded with a consortium of international and local banks viz; Standard Chartered Bank, First Abu Dhabi Bank, National Bank …

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Sheikh Al-Jarrah bags ‘Islamic Banking Chairman of the Year’ Award for 2nd year

World Finance honors KIB Chairman KUWAIT CITY, July 8: Chairman of Kuwait International Bank (KIB), Sheikh Mohammed Jarrah Al-Sabah, added a new prestigious achievement to the Bank’s ever-growing roster of international awards and recognitions, after being named “Islamic Banking Chairman of the Year” for 2018 by World Finance; the premier …

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KIB successfully closes $250mn syndicated Murabaha facility

Stan Chart sole coordinating bank, FAB acts as Investment Agent Bank for deal KUWAIT CITY, June 13: KIB has successfully closed a US$ 250 million 3-year Syndicated Murabaha Financing Facility with a consortium of international and local banks, which was oversubscribed. Standard Chartered Bank was the sole Coordinating Bank, while …

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KIB reports KD 7.7mn net profit for Q1

Total operating income grows 9% to KD 17.3mn KUWAIT CITY, April 22: Kuwait International Bank (KIB) reported a net profit attributable to shareholders of KD 7.7 million at the end of the first quarter of 2018. Net profit increased by 1.5 percent, or KD 0.1 million, as compared to the …

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‘Bank for Life’: KIB embarks on new chapter of its journey

New strategy focuses on offering next-level customer experience that delivers much more than just ‘banking’ KUWAIT CITY, April 15: KIB is no stranger to transformation. In fact, KIB has always recognized that change is not only inevitable, but a vital necessity. In today’s rapidly-evolving world, change is a must to …

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KIB holds Annual General Meeting, approves distribution of 10 pct cash dividend for 2017 – Bank achieves positive results, strengthening its financial position despite many economic challenges: Al Jarrah

KUWAIT CITY, March 24: The 2017 Annual General Meeting (AGM) for Kuwait International Bank (KIB) was held on March 24th 2018, attended by 78.150 percent of shareholders approved the recommendation of the Bank’s Board of Directors to distribute cash dividends of 10 percent of the share nominal value (ie 10 …

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KIB achieves KD 11 mln net profit for H1 – Bank continues to deliver strong performance in spite of economic challenges: Al-Jarrah

KUWAIT CITY, July 17: Kuwait International Bank (KIB) reported a net profit of KD 11 million with earnings per share (EPS) reaching 11.69 fils during the first half of 2017 while registering total operating income of KD 31 million. Chairman of KIB, Sheikh Mohammed Jarrah Al-Sabah, noted that the Bank’s …

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KIB sponsors Thoub Expo – Move to support local female designers

KUWAIT CITY, June 1: As part of its ongoing commitment to support youth initiatives and local small businesses, Kuwait International Bank (KIB) announced its sponsorship of ‘Thoub Expo’, the exhibition dedicated to showcasing local Ramadan fashion-related products. This year’s exhibition was held at 360 Mall, featuring the participation of a …

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KIB recognized by Forbes Middle East – Bank among 50 most powerful listed companies in Kuwait

KUWAIT CITY, May 31: Kuwait International Bank (KIB) was recently recognized by Forbes Middle East as one of the top 50 listed companies in Kuwait at the “Celebrating Kuwait’s Success” awards ceremony. Organized by Forbes Middle East, this annual ceremony was held to honor companies and individuals that have made …

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KIB wins ‘Best Change Management’ award – Award reaffirms role bank plays in supporting national economy: El Saka

KUWAIT CITY, May 22: Kuwait International Bank (KIB) was recently awarded “Best Change Management — Kuwait” by The Banker Middle East; an organization specializing in financial news and analysis of banks and companies across the Middle East and beyond. KIB’s Acting Chief Executive Officer, Mohamed Said El Saka, received the …

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