Kuwait International Bank (KIB`R)

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News

28 March 2016 11:27 AM KIB’s shareholders approve proposed dividends

Kuwait-Mubasher: Kuwait International Bank’s (KIB) ordinary and extraordinary general meetings approved on Sunday the board’s recommendation of distributing dividends for the fiscal year 2015. KIB’s shareholders agreed on paying 9% cash dividends …

General Assembly

23 February 2016 09:19 AM Court adjourns KIB lawsuit to 29 February

Kuwait-Mubasher: Kuwait International Bank (KIB) issued a bourse statement on Tuesday saying a lawsuit it filed against a company has been postponed to 29 February upon the defendant’s request adding no further details.. Earlier, the court session …

Law

18 February 2016 00:08 PM Court orders KWD 9.9m payment to KIB

Kuwait-Mubasher: Kuwait International Bank (KIB) said that the court of first instance has issued an order in its favour, obliging a defaulting client to pay KWD 9.9 million. The bank said that no financial impact will be registered a final …

Law

16 February 2016 10:49 AM Educational Holding clears debts due to KIB

Kuwait-Mubasher: Educational Holding Group said on Tuesday it repaid its entire debts due to Kuwait International Bank (KIB), according to a bourse statement. Educational Holding, which is listed on the Kuwaiti bourse, said that the debts stood at …

Banking and Finance

14 February 2016 08:50 AM Court ends KIB’s debt case against client

Kuwait-Mubasher: The court has ended the lawsuit that was filed by Kuwait International Bank (KIB) against a defaulting client, according to a bourse statement. KIB clarified that the debtor has repaid the debts before the court issued its rule. …

Law

27 January 2016 03:42 PM KIB’s quarterly profits rise 16%; board proposes dividends

Kuwait-Mubasher: Kuwait International Bank (KIB) reported 16% growth in earnings for the fourth quarter in 2015. KIB posted KWD 4.34 million profits in Q4-15 as compared to KWD 3.73 million in Q4-14, according to a statement viewed by Mubasher. …

Financial Results

24 January 2016 10:58 AM Court sets 3 Feb to finalize KIB’s case

Kuwait-Mubasher: The court has postponed Kuwait International Bank’s (KIB) lawsuit against a client to 3 February to issue its verdict, according to a bourse statement. The court has previously set 21 October to hold its session for KIB’s case. …

Law

19 January 2016 10:09 AM Court postpones KIB’s case to late February

Kuwait-Mubasher: Kuwait International Bank (KIB) said that the court has postponed the bank’s lawsuit against a client to 22 February, according to a bourse statement. KIB’s stock rose 4.17% or 8 fils to settle at 200 fils at 9:36 am Kuwait local …

Law

12 January 2016 00:22 PM KIB says $200m sukuk bid undisputed, despite verdict against co-bidder

Kuwait-Mubasher: Kuwait International Bank (KIB) said that it is the guarantee agent of the consortium of foreign financial banks and institutions against one of which an unfavourable court order has been issued. A verdict on mortgage case was …

Sukuk and Islamic Finance

6 December 2015 09:16 AM KIB announces 9M results; 6.9% rise in operating profit

Kuwait – Mubasher: Kuwait International Bank (KIB) reported a net profit after tax of KWD 11.8 million in the first nine months of 2015, with a rise of 18.5% compared to about KWD 10 million in the same period last year, according to a weekly …

Financial Results

29 November 2015 10:11 AM Kuwait’s Al Dawli receives KWD 17.2m via debt settlement

Kuwait – Mubasher: Kuwait International Bank (KIB) (Al Dawli) has received KWD 17.16 million through settling a debt with a client as per a court ruling issued previously, the bank said in a bourse filing Sunday. The received amount will bolster …

Banking and Finance

10 November 2015 03:24 PM Fitch affirms KIB’s long-term IDR at ‘A+’

Kuwait – Mubasher: Fitch Ratings affirmed the Long-term IDRs of Kuwait International Bank (KIB) at 'A+', with Stable outlook the bank said on Tuesday. KIB's Viability Rating reflects the bank's modest but improving franchise and evolving strategy. …

Stock Evaluations

2 November 2015 03:53 PM KIB’s financials improve on revenues, expenses control -Chairman

Kuwait-Mubasher: The increase in Kuwait International Bank’s (KIB) profits in the nine-month period was backed by revenues as well as better control over expenses, Kuwait News Agency quoted chairman Mohammed Jarrah Al-Sabah as saying. Commission …

Financial Results

2 November 2015 09:15 AM KIB posts $38.68m profits in 9M

Kuwait-Mubasher: Kuwait International Bank (KIB) reported an 18.1% increase in earnings for the first nine months of 2015. KIB’s profits grew to KWD 11.75 million ($38.68 million) in 9M-15 from KWD 9.95 million ($32.76 million) in 9M-14. The …

Financial Results

6 October 2015 00:28 PM KIB’s 9M profits seen to rise; Mazaya’s to decline - Analyst

Kuwait-Mubasher: The financial analyst Ahmed Jassim Al-Qamar expected a growth in earnings of the nine-month period of Kuwait International Bank (KIB) and Kuwait Resorts (Muntazahat), while predicting a decline in Al Mazaya Holding. Al-Qamar told …

Financial Results

1 October 2015 09:31 AM Court reschedules KIB’s case for late Oct

Kuwait-Mubasher: Kuwait International Bank (KIB) said the court deferred its verdict in the lawsuit lodged by the lender against one of its defaulting clients to 21 October, said a bourse filing on Thursday.

Law

27 September 2015 08:57 AM Al Shall reviews Kuwaiti banks performance in H1

Kuwait-Mubasher: Al Shall Consulting completed the last analysis for the individual performance of the 10 Kuwaiti banks in the first half of 2015. The banking sector’s net profits, after deducting taxes and equities rights, increased by 13.3% or …

Financial Results

3 September 2015 10:59 AM Court adjourns KIB case to 30 Sept

Kuwait - Mubasher: Kuwait International Bank released a statement on Thursday saying that its lawsuit filed against one of the bank’s defaulting clients has been set for adjudication on 30 September. During today’s trading session, KIB stock rose …

Law

30 August 2015 09:09 AM KIB posts 8.9% rise in H1 profits

Kuwait-Mubasher: Kuwait International Bank reported an 8.9% rise in net profit after taxes to reach KWD 10.5 million in the first half of 2015, compared to KWD 8.9 million in the same period of 2014. The profit rise is mainly attributed to an …

Company News

30 August 2015 08:56 AM Kuwaiti roundup: NBK leads alliances to fund megaprojects

Mubasher has spotted an eye on economic news in Kuwait as newspaper Al Qabas wsaid that the National Bank of Kuwait (NBK) will lead two consortiums to fund airport and refineries projects. The local newspaper noted that NBK, Commercial Bank of …

Company News

24 August 2015 11:05 AM Bahrain’s ABC closes $320m syndicated facility for KIB

Mubasher: Kuwait International Bank (KIB) signed on Monday a $320 million three-year Murabaha financing with Bahrain’s Bank ABC. The Kuwaiti lender will use the financing facility for general business purposes, according to a bourse statement …

Company News

24 July 2015 05:32 PM Fitch sees brighter prospects for Kuwaiti commercial banks

Kuwait – Mubasher: Fitch Ratings said, in a new report issued Wednesday that prospects are brighter for the eight commercial banks it rates in Kuwait on the back of continuing strong public spending. The rated commercial banks - National Bank of …

Stock Evaluations

23 July 2015 02:19 PM KIB profits up 17.4% in six months

Kuwait – Mubasher: Kuwait International Bank (KIB) said Thursday it registered an increase of 17.4% in net profits for the first half of 2015, reaching KWD 10.44 million compared with KWD 8.89 million for the same period of the previous year. The …

Company News

31 May 2015 09:45 AM KIPCO raises Burgan Bank stake to 47%

Kuwait Stock Exchange (KSE) showed a number of changes in equity ownership by the end of last Thursday’s trading session.Mubasher quoted official data showing that Kuwait's Public Institution for Social Security (PIFSS) bought 5.010% stake in …

Company News

28 May 2015 09:30 AM KIB sells property for KWD 8m

Kuwait International Bank (KIB) said Thursday it signed an agreement to sell a property worth KWD 8 million, according to a bourse statement.The Kuwaiti lender achieved returns of KWD 1.73 million from this sale, which will be reflected on its …

Company News