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ZAWYA: Gulf Bank approves the distribution of 9% cash dividends and 5% bonus shares
ZAWYA: Gulf Bank approves the distribution of 9% cash dividends and 5% bonus shares
About this update from Gulf Bank K.s.c.
Ahmad Mohammad Al Bahar:We made tangible progress toward our planned conversion into a Sharia-compliant Bank.We enter the next phase with a clear strategic direction, supported by strong governance and a sound financial position.Our 2030 Strategy is focused on reinforcing our market position and promoting sustainable growth.Faisal AlAdsani:Gulf Bank’s financial performance in 2025 reflects a strong implementation and a balanced approach to growth.Our capital adequacy levels supported the balance sheet growth while maintaining healthy buffers above regulatory requirements.Significant progress has been made in assessing system requirements, strengthening governance frameworks, and building the necessary internal capabilities to become a Sharia-compliant Bank.Gulf Bank held its Ordinary General Assembly yesterday (Saturday), with a quorum of 77.3 %, approving the distribution of cash dividend of 9% per share, in addition to bonus shares of 5% for the financial year ended 31 December 2025.In his statement to the shareholders, Gulf Bank’s Chairman, Mr. Ahmad Mohammad Al Bahar said: "Over the past year, we have focused on strengthening the Bank’s foundations and advancing key strategic priorities, and we have succeeded in achieving that despite the global geopolitical tension and the uncertain economic environment."He mentioned that Gulf Bank maintained a strong financial position in 2025, driven by robust balance sheet growth, a high-quality loan portfolio, and well-capitalization levels that position the Bank for future growth.He added: "We advanced our planned transition to a Sharia-compliant Bank following the Central Bank of Kuwait’s initial approval to proceed with this conversion, an important milestone in the Bank’s strategic evolution that supports a strong financial profile, customer service excellence, and long-term value creation".“During the year, the Bank launched its 2030 five-year strategy, focused on reinforcing market position, promoting sustainable growth, and advancing its journey toward becoming a fully Sharia-compliant Islamic bank. Gulf Bank also continued to explore strategic opportunities, both organically and inorganically, aimed at enhancing long-term shareholder value”.He added: "The assessment of a potential merger with Warba Bank is ongoing and conducted in close coordination with regulators and specialized advisors, with a strong ...