{"url":"https://newsforagent.com/news/2026-10-24/kib-group-nine-month-profit-sukuk","markdown_url":"https://newsforagent.com/news/2026-10-24/kib-group-nine-month-profit-sukuk.md","title":"KIB Group Net Profit Rises 30% to KD 26.6 Million","headline":"KIB Group Posts KD 26.6 Million Nine-Month Profit and Prices Inaugural $500 Million Sukuk","description":"KIB Group's nine-month net profit rose 30% to KD 26.6 million, with total assets up 8% to KD 4.74 billion and a $500 million debut Sukuk priced in September 2026.","section":"Earnings & Results","published_at":"2026-10-24T18:44:40+00:00","modified_at":"2026-10-24T18:44:40+00:00","author":"News Desk","key_takeaways":["KIB Group's net profit attributable to shareholders reached KD 26.6 million for the nine months ended September 30, 2026, up 30 percent from KD 20.4 million a year earlier.","Earnings per share rose to 13.51 fils from 9.98 fils, while total assets grew 8 percent to KD 4.74 billion.","KIB priced its inaugural $500 million five-year senior unsecured Sukuk in September 2026 under a $1.5 billion program, with an orderbook of about $1.2 billion."],"companies":[{"name":"KIB","is_primary":true,"profile_url":null,"website":"https://www.kib.com.kw"},{"name":"KIB Invest","is_primary":false,"profile_url":"https://akta.pro/company-profiles/004q7lk/kib-invest","website":"https://kibinvest.com"}],"source":{"publisher":"Kuwaittimes","title":"KIB Group reports KD 26.6 million in net profits in 9 months of 2026","url":"https://kuwaittimes.com/article/52268/business/kib-group-reports-kd-266-million-in-net-profits-in-9-months-of-2026/"},"other_sources":[],"tags":["Earnings & Results","KIB","KIB Invest"],"body_markdown":"KIB Group reported net profit attributable to shareholders of KD 26.6 million for the nine months ended September 30, 2026, up 30 percent from KD 20.4 million a year earlier, Chairman Sheikh Mohammed Jarrah Al-Sabah said. The Kuwait Times reported the results on October 24, 2026. Earnings per share reached 13.51 fils, and total assets grew 8 percent to KD 4.74 billion. The details were reported by [Kuwaittimes](https://kuwaittimes.com/article/52268/business/kib-group-reports-kd-266-million-in-net-profits-in-9-months-of-2026/).\n\n## KIB's Nine-Month Profit and Sukuk Pricing\n\nKIB is a Kuwait-based Islamic bank whose investment arm, [KIB Invest](https://akta.pro/company-profiles/004q7lk/kib-invest), arranges Sharia-compliant debt sales. Third-quarter net profit attributable to shareholders reached about KD 9 million, a 62 percent increase, Al-Sabah said. Net fee and commission income rose 33 percent to KD 10.3 million from KD 7.7 million, and net investment income grew 4 percent to KD 4.5 million from KD 4.3 million. Total operating income rose 7 percent to KD 69 million.\n\nVice Chairman and CEO Raed Jawad Bukhamseen said: \"KIB's results for the first nine months of the year reflect our continued efforts to develop a more diversified and resilient business model, while maintaining a strong focus on enhancing operational efficiency and improving service quality.\"\n\nThe financing portfolio rose 8 percent, or KD 269 million, to KD 3.48 billion, and the investment portfolio, which includes high-quality Sukuk, grew 12 percent, or KD 62 million, to about KD 582.7 million. Customers' deposits reached KD 3.08 billion, up 2 percent, and total shareholders equity rose 1 percent to KD 374 million. The total capital adequacy ratio stood at 20.32 percent and the liquidity coverage ratio at 238.1 percent.\n\nBukhamseen said KIB priced its inaugural $500 million five-year senior unsecured Sukuk in September 2026 under a $1.5 billion Sukuk program. The orderbook reached about $1.2 billion, 2.4 times the issuance size, with a profit rate of 5.502 percent per annum and a final spread of 95 basis points over the yield on US Treasury securities. KIB Invest also acted as Joint Lead Manager on the $2.75 billion third international Sukuk for the Saudi Real Estate Refinance Company, guaranteed by the Government of Saudi Arabia.\n\n## KIB Invest's Earlier Sukuk Mandates\n\nKIB Invest acted as Joint Lead Manager in the Islamic Development Bank's $1 billion sukuk issuance, priced at 4.227 percent on May 7, 2026, Zawya reported. The five-year bond was oversubscribed more than 2.6 times, with final terms at five-year US SOFR Mid-Swaps plus 52 basis points. In May 2026, KIB Group, through KIB Invest, also acted as Joint Lead Manager in First Abu Dhabi Bank's $700 million five-year senior unsecured sukuk issuance, according to Zawya.\n\n## KIB's Awards and Next Priorities\n\nKIB received two Islamic Finance News awards for its $300 million Tier 2 Sukuk issuance, \"IFN Kuwait Deal of the Year 2025\" and \"IFN Regulatory Deal of the Year 2025,\" presented at a Dubai ceremony. Al-Sabah and Bukhamseen said the bank's priorities for the next phase include developing core businesses, diversifying income sources, improving operational efficiency, investing in technology and enhancing the customer experience.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}