Gulf Banks net profits jumped 46.8% to 61.8 million Kuwaiti Dinars

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Gulf Bank recommends the distribution of 10% cash dividends and 5% bonus shares for 2022.

Jassim Mustafa Boodai

Mr. Jassim Mustafa Boodai: The bank’s financial performan­ce is excellent on all levels, and we are qualified to emba­rk on new horizons and compete in the banking industry.

Gulf Bank recorded a net profit of 61.8 million Kuwaiti Di­nars for 2022, an increase of 46.8% com­pared to 2021, with a profit per share of 19.45 fils. The Board of Directors re­commended a cash div­idend of 10 fils per share and 5% bonus shares.

Mr. Jassim Mustafa Boodai, Chairman of the Board, commented, “The results show excellent strategic progress and reflect the remarkable gro­wth in our banking business.” He added, “The bank’s financi­al performance is ex­cellent on all leve­ls, and we are quali­fied to embark on new horizons and compe­te in the banking industry.

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