ZAWYA: The Ordinary and Extraordinary General Assemblies of Boubyan Bank approve 7% cash dividends and 7% bonus shares

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Abdulaziz Al-Shaya: Boubyan Maintains Balanced Growth Boosted by the Confidence of Shareholders and CustomersAdel Al-Majed: Driving Market Share Growth Selectively across Key SegmentsBoubyan Bank held its Ordinary and Extraordinary General Assemblies which saw an attendance exceeding 80%, where their agenda items were approved, including approving the distribution of 7% cash dividends and 7% bonus shares.In his word during the meeting, Boubyan Bank’s Chairman, Mr. Abdulaziz Abdullah Dakheel Al-Shaya, stated: “The year 2025 witnessed accelerating challenges in the global economy, amid economic developments and geopolitical tensions, which have all affected various economies and business sectors.”He pointed out: “The Kuwaiti economy has demonstrated its solid pillars and stability, thanks to the prudent financial policies, while the Kuwaiti Banking Sector demonstrated exceptional resilience and adaptability in view of fluctuations, which has cemented the role of Kuwait as a key financial hub regionally.”** Solid Financial PerformanceAl-Shaya emphasized: “In this fast-paced economic landscape, Boubyan continued its successful journey towards achieving a balanced growth across various key performance indicators throughout 2025, boosted by the confidence of shareholders and clients, as well as its efficient business model and quality risk-management. This reinforced the bank’s status as one of the most well-prepared Islamic banks poised to sustain growth over the upcoming stage.”Boubyan recorded net profits of KD 100.5 million at a growth rate of 4%, compared with 2024, while Profit Before Tax “PBT” grew by 17% to KD 118 million, compared with last year, with an earnings per share of 21.4 fils. In view of these positive indicators, the Board has recommended 7% in cash dividends and 7% in bonus shares.During the same period, the bank’s assets grew to KD 10.2 billion at a growth rate of 9% compared with last year, while the bank’s financing portfolio grew by 11% to KD 7.7 billion, and operating profits grew by 11% to KD 133 million, whereas the bank’s market share of local financing increased to 12.3%.Al-Shaya highlighted some of the bank’s achievements over last year, including Boubyan’s 20-spot climb on the list for the world’s Top 500 Banking Brands by Brand Finance — the international brand-valuation consultancy, compared with 2024, thus maintaining its plac...

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