Boubyan Bank Reports KD 80.7 Million Net Profit, Up 4%, on KD 11 Billion Assets

Boubyan Bank reported net profits of KD 80.7 million for the nine months ended September 30, 2026, a 4% increase from the same period last year, with earnings per share of 16 fils. The Kuwait Times reported the results on October 19, 2026. The Kuwait-based Islamic bank serves retail, corporate, and investment banking clients, alongside Takaful insurance, asset management through Boubyan Capital, and UK digital banking through Nomo. The details were reported by Kuwaittimes.

Boubyan's Profit Growth and Capital Moves

Assets grew 8% to KD 11 billion, the financing portfolio grew 10% to KD 8.4 billion, and operating profits grew 9% to KD 110 million, the bank said. Chairman Abdulaziz Abdullah Dakheel Al-Shaya said: "The reported results and indicators reflect the bank's ability to adapt and respond to changing conditions with professionalism, agility, and resilience."

Al-Shaya said the issuance of Mudarabah sukuk worth KD 90 million, the bank's first local-currency sukuk issuance to qualify as Additional Tier 1 capital, introduces a financing and investment instrument to the local market. Vice-Chairman and Group Chief Executive Officer Adel Al-Majed said the bank completed its first Sharia-compliant syndicated financing facility, amounting to $300 million with a three-year tenor, led by HSBC and involving several major Chinese banks. HSBC, which arranged a US$2 billion syndicated loan for Asus through its Singapore subsidiary, was the lead on that facility, according to The Business Times.

Boubyan's Funding and Partnership Record

Boubyan Bank's funding records on akta.pro show one funding round, a $300 million post-IPO debt in July 2026 led by HSBC, according to company records. The same records list a July 2026 partnership in which Boubyan served as Joint-Lead Arranger on a USD 60 million Shariah-compliant syndicated financing facility for Uzbekistan's Asakabank, structured by ICD as Mandated Lead Arranger with ICIEC credit enhancement. In January 2026, Boubyan acted as Stabilisation Manager alongside Abu Dhabi Islamic Bank, Bank of China, Dubai Islamic Bank, Emirates NBD Capital, FAB, HSBC, KFH Capital, Mizuho, Standard Chartered, and ICD for KFH Sukuk Company's USD benchmark fixed-rate sukuk issuance.

Boubyan's Earlier Sukuk and Facility Deals

In August 2026, Boubyan received regulatory approval from the Central Bank of Kuwait for the issuance of up to KWD 100 million ($324 million) perpetual Additional Tier 1 sukuk, Zawya reported. In September 2026, the bank raised 90 million Kuwaiti dinars ($292 million) from a KWD-denominated AT1 sukuk with a 5.50% fixed coupon, Zawya reported. In August 2026, Boubyan closed a $300 million, three-year Sharia-compliant syndicated facility led by HSBC with participation from Bank of China, ICBC, and Bank Islam Brunei Darussalam, the Kuwait Times reported.

What Comes Next for Boubyan

Boubyan Bank is eyeing a $500 million additional tier 1 capital raise after regulatory approval, Zawya reported in October 2026, which would be its second issuance since September.