role bank plays in supporting national economy: El Saka

24/05/2017 05:42 AST

Kuwait International Bank (KIB) was recently awarded “Best Change Management — Kuwait” by The Banker Middle East; an organization specializing in financial news and analysis of banks and companies across the Middle East and beyond. KIB’s Acting Chief Executive Officer, Mohamed Said El Saka, received the award on behalf of the Bank at the Banker Middle East Industry Awards 2017 ceremony, which was recently held in Dubai.

KIB received this recognition as a result of the significant improvements in the Bank’s products and services, both in terms of quality and diversity; as the Bank has continued to record strong growth across performance indicators. KIB’s consistent solid performance has led to it offering some of the highest returns in the market for its deposits and savings products. The Bank has also witnessed enhanced customer service levels; as it has successfully implemented key improvements to its online banking services.

El Saka described this latest award as an important achievement for the Bank, adding: “Given the factors considered for this award, the fact that KIB was bestowed with “Best Change Management — Kuwait” Award serves to highlight the exemplary efforts exerted by KIB’s staff, its executive management team, and guidance from the Board of Directors. It is also a testament to KIB’s stable and sustainable growth in all areas, as the Bank continues to implement a clear and focused approach that has reflected positively on its performance and enabled it to successfully achieve its strategic objectives.”

El Saka further added that this prestigious award reaffirms the important role KIB plays in supporting the national economy, and the overall effectiveness of its business strategy. He also noted that the innovative digital services that the Bank continues to offer its customers are one more crucial component that greatly contributed to its sustainably strong performance.

El Saka concluded by extending his appreciation for the Board of Directors, the Fatwa & Sharia Board, the Executive Management, as well as KIB’s employees and customers for their support; and expressed his gratitude towards the Central Bank of Kuwait for its continuous guidance.

This accolade is the latest in a long string of international and regional awards garnered by KIB over the past couple of years, demonstrating KIB’s strong financial position and the successful implementation of its strategy, as the Bank moves towards achieving its long-term goal of becoming the “Islamic Bank of Choice in Kuwait”.


Arab Times

KIB achieves KD 15.5 million net profit for 9 months

18/10/2018

KIB reported a net profit of KD 15.5 million attributable to the shareholders for the nine months ended Sept 30, 2018 compared to KD 13.5 million in the same period last year. This has reflected posi

Arab Times

KIB reports KD 12 million net profit for H1, 2018

25/07/2018

Kuwait International Bank (KIB) reported a net profit of KD 12 million attributable to shareholders and earnings per share at 12.82 fils for the first half of 2018. Net profit increased by 10% compar

Arab Times

KIB closing its $250 mln Murabaha

15/07/2018

KIB held an exclusive ceremony to mark the occasion of the Bank’s successful closing of a $250 million 3-year syndicated Murabaha financing facility. This landmark financing was concluded with a cons

Arab Times

Ticker Price Volume
QNBK 195.00 241,526
JARIR 154.40 89,382
APPC 53.30 133,976
SAICO 11.92 520,367
SABIC 119.80 1,240,718
CATERING 87.00 41,387
ALMARAI 50.90 239,969
KIB Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
FAB 13.82 0.02 (0.14%)
RJHI 86.40 -0.10 (-0.12%)
NCB 45.95 0.25 (0.54%)
SAMBA 31.30 0.10 (0.32%)
NBK 837.00 -2.00 (-0.24%)
S&P revises QIB outlook to ‘stable’, affirms ‘A-’ rating

11/12/2018

International credit rating agency, Standard & Poor’s (S&P) has revised the outlook on Qatar Islamic Bank (QIB) to ‘stable’ and affirmed the ‘A-/A-2’ issuer credit rating.

According to the

Gulf Times

NBF awarded ‘Best Islamic Window UAE’ award

11/12/2018

National Bank of Fujairah (NBF) announced that NBF Islamic has retained the ‘Best Islamic Window — UAE’ accolade for the third consecutive year at the Islamic Business and Finance Awards 2018.
<

The Gulf Today

UAE investment group buys key stake in Gulf Navigation

11/12/2018

UAE-based Goldilocks Investment Company said it has reached an agreement with Gulf Navigation Holding, a leading maritime and shipping company based in Dubai, to acquire a 18.32 per cent stake in the

Trade Arabia

Agility Kuwait invests $100 mln in logistic technology sector

11/12/2018

Agility Public Warehousing Company (KSC) announced Monday investing $100 million for the next three years in logistic technology sector, via launching a digital platform to manage electronicallylinke

Arab Times

Alinma Bank hosts Fintech Forum

10/12/2018

ALINMA Bank hosted its first-ever FinTech-focused event at the Four Seasons hotel in last Dec. 3, 2018. The gathering was hosted by the bank in partnership with FinTech Saudi and Alinma Investment Co

Saudi Gazette