Kuwait International Bank (KIB) News - Mubasher Info
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16 March 01:12 AM

Kuwait International Bank (KIB`R)

Last update: 15 March 01:31 PM market time.
293.00
57.00
24.15%
Open 290.00
Previous Close 236.00
High 293.00
Low 289.00
Stock Statistics
Volume 4,313,422
Turnover 1,257,358.51
All data are 15 minutes late during market session

News

Raed Jawad Bukhamseen, Vice Chairman and CEO of KIB, and Jamal Al Barrak, CEO of KIB Invest
9 December 2024 07:52 AM KIB Invest, UAE-listed banks lead Bahrain’s 7-year Sukuk issuance
Mubasher: Kuwait International Bank (KIB), through its investment arm KIB Invest, served as joint lead manager (JLM) in the issuance of a seven-year for Bahrain via CBB International Sukuk Programme Company W.L.L. The USD-denominated senior …
Global Economy
Photo Gallery
7 December 2023 09:36 AM Travellers through Kuwait International Airport now offered multi-currency ATM by KIB
Mubasher: The listed Kuwait International Bank (KIB) has installed a new multi-currency ATM at the Kuwait International Airport to offer a smoother and more integrated experience for its customers without the need to visit any of the KIB’s …
Global Economy
The transaction would enhance the bank's financial position
22 August 2021 08:12 AM KIB completes sale of exposure to NMC Healthcare
Mubasher: Kuwait International Bank (KIB) has completed the sale of its exposure to NMC Healthcare Company following the fulfillment of the relevant procedures. The KWD 3.98 million transaction would enhance the bank's financial position; however, …
Bankruptcy
This agreement does not have a present impact on the bank's financial position
31 May 2021 06:37 AM KIB signs agreement to sell $74m exposure to NMC Healthcare
Mubasher: Kuwait International Bank (KIB) has inked an agreement to sell its $74.11 million (KWD 22.74 million) exposure to NMC Healthcare in exchange for $13.25 million (KWD 3.98 million). KIB has granted this exposure to NMC Healthcare in the …
Bankruptcy
Photo Archive
15 September 2020 00:47 PM Fitch affirms KIB’s long-term A+ rating, with stable outlook
Mubasher: Fitch Ratings has affirmed Kuwait International Bank’s (KIB) long-term issuer default rating (IDR) at 'A+' and viability rating (VR) at “bb-”, with a stable outlook. KIB is exposed to slower domestic economic growth due to the …
Ratings
The Sukuk programme is valued at a maximum KWD 2 billion
2 July 2020 10:01 AM KIB obtains central bank’s initial approval for Sukuk issuance
Mubasher: Kuwait International Bank (KIB) has received preliminary approval from the Central Bank of Kuwait (CBK) on 30 June for a Sukuk issuance programme. The value of the issuance is up to KWD 2 billion, or the equivalent in other currencies. …
Banking and Finance
The Kuwaiti lender enjoys strong capitalisation of 19.24% in 2019
7 April 2020 10:49 AM KIB says impact of NMC exposure is insignificant
Mubasher: KIB on Tuesday said that it is too early to estimate the impact of the bank’s exposure to the NMC Healthcare Group. However, it added that, in all scenarios, the exposure’s impact on KIB’s capital adequacy ratio (CAR) is …
Companies Investments
KIB has no exposure to Finablr
6 April 2020 10:27 AM KIB’s exposure to NMC Healthcare amounts to $75m
Mubasher: KIB announced that it has a total exposure to NMC Healthcare Group worth $74.98 million (KWD 23.13 million) in the form of two syndicated Murabaha facilities. The Kuwaiti lender, however, has no exposure to Finablr, the UAE Exchange …
Companies Investments
Kuwait International Bank
27 March 2020 00:59 PM KIB approves dividends, bonus shares distribution
Mubasher: Shareholders of the Kuwait International Bank (KIB) approved the recommendation of the board of directors to distribute cash dividends for 2019. The approved dividends amount to 7 fils per share, representing 7% of the share’s par value, …
Cash Dividends
Revenue from financing income soared by KWD 14 million in 2019
4 February 2020 06:52 AM Growth in KIB’s financing portfolio drives assets up 24% – Chairman
Mubasher: The assets of KIB grew by KWD 520 million or 24% on an annual basis to reach KWD 2.69 billion in the fiscal year ended 31 December 2019 from KWD 2.17 billion.   The increase in assets was backed by growth in its financing portfolio by …
Banking and Finance
KIB's profits retreated by 19.7% in Q4-19
3 February 2020 00:17 PM KIB’s 2019 earnings down to KWD 17m; dividends proposed
Mubasher: KIB has reported 17.9% lower annual profits for the fiscal year ended 31 December 2019. The profits amounted to KWD 17.15 million ($56.56 million) last year, down from KWD 20.89 million ($68.9 million) in 2018, according to a statement …
Financial Results
KIB will manage QIIB’s $300 million sukuk issuance
2 December 2019 01:42 PM KIB named as manager of QIIB’s $300m sukuk issuance
Mubasher: Kuwait International Bank (KIB) was chosen to manage for Qatar International Islamic Bank’s (QIIB) Sukuk issuance, the first of its kind in Qatar, according to the Kuwaiti lender’s press release. KIB will manage QIIB’s $300 million …
Sukuk and Islamic Finance
The bank's profits went down by 17.3% in the first nine months of the year
17 November 2019 09:12 AM KIB posts 9% profit decline in Q3
Mubasher: The financial statements of Kuwait International Bank (KIB) showed a 9.1% annual drop in the profits attributed to the owners of the parent at KWD 3.193 million ($10.54 million) during the third quarter (Q3) of 2019, compared to KWD …
Financial Results
Al-Mubaraki will oversee the development of the team
16 November 2019 05:28 PM KIB hires new deputy general manager for wholesale banking
Mubasher: Kuwait International Bank (KIB) has appointed Hesham Ahmad Al-Mubaraki as deputy general manager of wholesale banking – head of domestic commercial banking, according to a bank statement released on Saturday. Al-Mubaraki will oversee the …
Management Decisions
Photo Archive
5 November 2019 11:05 AM KPC obtains KWD 350m financing from local banks
Mubasher: The National Bank of Kuwait (NBK) and the Kuwait Finance House (KFH) have jointly managed and issued a KWD 350 million ($1.2 billion) financing to the Kuwait Petroleum Corporation (KPC). The two banks were chosen by KPC to manage …
Banking and Finance
KIB’s profits slid to KWD 9.61 million in H1-19
1 October 2019 10:17 AM Fitch affirms KIB’s IDR at ‘A+’; Outlook ‘Stable’
Mubasher: Fitch Ratings has affirmed KIB’s long-term issuer default rating (IDR) at ‘A+’, with a ‘Stable’ outlook. The bank’s viability rating (VR) was affirmed at 'bb-', KIB said in a filing to Boursa Kuwait on Tuesday. The new ratings enhance …
Banking and Finance
The 10 Kuwaiti banks rose by 8.4% in H1
3 August 2019 02:17 PM 10 Kuwait-listed banks’ profits level up 9.4% YoY in Q2-19
By: Mohammed Farouk Mubasher: A group of 10 Boursa Kuwait-listed bank grew by 9.4% year-on-year to KWD 247.74 million ($816.13 million) in the second quarter of 2019. On the top, the National Bank of Kuwait (NBK) recorded a growth of 9.9% in …
Financial Results
The number of transactions went down by 19% MoM
3 August 2019 01:47 PM Value of real estate deals register $928.8m in June
Mubasher: The value of real estate transactions in Kuwait declined by 17% month-on-month to KWD 283 million ($928.81 million) in June. The number of transactions went down by 19% month-on-month to 485 in June, according to a report released …
Real estate
total assets increased by 13% in 6M
1 August 2019 02:01 PM KIB’s financing portfolio stands at $5.65bn in H1 – Chairman
Mubasher: Kuwait International Bank’s (KIB) financing portfolio grew 13% year-on-year to KWD 1.72 billion ($5.65 billion) during the first six months of 2019, chairman Sheikh Mohammed Jarrah Al-Sabah announced on Thursday. The bank’s total assets …
Financial Results
KIB registered a growth of 20% in profits in Q1-19
1 August 2019 07:56 AM KIB records KWD 9.6m profit in H1-19
Mubasher: The Kuwaiti bank KIB achieved a profit of KWD 3.39 million ($11.17 million) during the second quarter of 2019, 20.6% lower than KWD 4.27 million ($14.07 million) registered in the corresponding period a year ago. During the first six …
Banking and Finance
Residential transactions rose by 21% YoY in 6M
20 July 2019 02:25 PM Kuwaiti real estate sales register $5.9bn in 6M
Mubasher: The total value of real estate sales in Kuwait reached KWD 1.88 billion ($5.9 billion) during the first six months of 2019, a report by Kuwait International Bank (KIB) showed on Saturday, according to the Kuwait News Agency (KUNA). The …
Real estate
AUB Kuwait is forecast to have the lowest growth rate of 3.6% in profits
7 July 2019 09:13 AM Kuwait’s banks likely to see 10% rise in H1-19 profits – Analyst
By: Mohamed Farouk Mubasher: Ten Kuwaiti banks listed on Boursa Kuwait are expected to achieve an increase of 9.6% in profits during the first half of 2019, compared to the year earlier, capital market analyst Ahmed Jassim Al Qamr told Mubasher. …
Sector Reports
Property sales in Kuwait registered $5.27bn in 5M
22 June 2019 03:23 PM Sales of Kuwaiti properties hit $1.12bn in May
Mubasher: Property sales in Kuwait grew 11% year-on-year in May, according to a report released on Saturday by Kuwait International Bank (KIB). Sales in the GCC country’s recorded KWD 341 million ($1.123 billion) last month. The number of property …
Macroeconomics
The sukuk offering was listed on the Irish Stock Exchange
11 June 2019 03:02 PM KIB receives proceeds of $300 million sukuk issue
Mubasher: Kuwait International Bank (KIB) on Tuesday announced that it received the proceeds of $300 million AT1 sukuk. The sukuk offering was listed on the Irish Stock Exchange (Euronext Dublin), according to a bourse statement. In May, the …
Sukuk and Islamic Finance
This AT1 Sukuk has been issued as an advanced capital instrument
30 May 2019 11:55 AM KIB issues $300m AT1 perpetual Sukuk
Mubasher: KIB has issued AT1 perpetual Sukuk at a total value of $300 million under Tier 1 capital as per Basel III and CBK guidelines at an annual profit rate of 5.625%. This sukuk issue comes as a result of the bank’s outstanding achievements …
Banking and Finance