Kuwait Finance House (KFH) held its Ordinary and Extraordinary General Assembly meetings, with a nearly 77.224% quorum, and approved distributing the second portion of cash dividends for the fiscal year ending December 31, 2025, of 14% of the nominal share value (14 fils per share), noting that 2025 semi-annual cash dividend of 10 fils per share was distributed previously.
The AGM approved the distribution of 7% bonus shares to shareholders. 
Additionally, Non-independent and Independent Board Members for the next 3 years term (17th session 2026-2028) were elected where shareholders reaffirmed confidence and endorsed Board of Directors. The General Assembly meeting resulted in the election by acclamation of the undermentioned board members.
All items on the agenda for both the Ordinary and Extraordinary General Assembly meetings for the fiscal year ending December 31, 2025, were also approved.

Chairman's Message
Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al Marzouq said: On behalf of myself and my fellow members of the Board of Directors of KFH, I would like to present to you the 2025 KFH Group Annual Report, including major achievements, consolidated financial statements, and other reports.
KFH continued the pursuit of its ambitious strategy, reinforcing its leadership in the financial and Islamic banking sector. KFH reaffirmed its commitment to providing the best banking and financing solutions by leveraging the latest digital innovations and Artificial Intelligence technologies. This approach is designed to deliver integrated and innovative services and products that meet the needs of its corporate, institutional, and retail clients across various sectors, enhancing its competitive edge and expanding its geographical footprint in key markets.
KFH achieved outstanding financial performance, highlighted by the sustained delivery of record net profits, positioning us as the leader among Kuwaiti banks and across the broader market. This performance was underpinned by our success in preserving asset quality through the adoption of prudent credit and robust risk management policies. These measures proved essential in mitigating the impact of global economic fluctuations and operational difficulties within our markets. Furthermore, we substantially strengthened our customer confidence and deposit base, ensuring both a powerful profitability foundation and stable, robust levels of capital adequacy and liquidity. This performance led to KFH securing the rank of the country's best-performing bank in The Banker magazine's prestigious 2025 ranking of the top 1000 global banks.
Our success stems not only from positive financial indicators but also from the effective execution of several strategic pillars. These include the diversification of activities, funding sources, and revenues, strengthened cooperation and coordination across the Group, and successful digital transformation. This transformation was realized through ongoing investment in Fintech solutions, the launch of new digital banking products, a focus on operational efficiency and cost rationalization, and the establishment of robust safety and financial stability buffers against operational challenges. These initiatives are managed under a comprehensive framework emphasizing sustainability, green finance, transparency, strong governance, and social responsibility.
The most important financial statements and indicators for 2025 are as follows:
KFH, by the grace of Allah, reported a net profit for its shareholders of KD 632.1 million up to the end of 2025, an increase of 5.0% compared to last year. Earnings per share reached 35.64 Fils; an increase of 5.8%, compared to last year.
Net financing income increased to KD 1.3 billion; an increase of 11.5% compared to last year. Net operating income increased to KD 1.2 billion; an increase of 10.7% compared to last year. Total assets reached KD 42.8 billion; an increase of 6.1 billion or 16.5%, compared to last year. 
Depositors’ accounts reached KD 21.0 billion, while the Capital Adequacy Ratio recorded a rate of 19.81%, which is above the regulatory requirement, compared with 19.89% as of December 31, 2024. 
The Board of Directors considered the distribution of cash dividends to shareholders of 24% (including 10% in H1 2025). The Board of Directors also considered the distribution of bonus shares of 7% after the approval of the General Assembly and the competent authorities, considering the distributed returns on investment deposits and saving accounts as shown in the following table:
Account type    2025  (%)    2024  (%)
Investment Deposit   “Al-Khumasiya”    4.600    4.650
Investment Deposit   "Continuous"    4.150    4.200
Investment Deposit  “Al-Dimah” 12 Months      3.750    4.000
Investment Deposit   “Al-Dimah” 6 Months      3.575    3.825
Long Term Investments Plans    3.450    3.700
Investment Deposit  “Al-Sedra”    3.150    3.350
Investment Saving Account    0.250    0.250

At the start of last year, Kuwait Finance House (KFH) unveiled its new visual identity under the slogan “Beyond Horizons". This strategic move reflected KFH's trajectory of growth, success, and global expansion, and underscored its dedication to technology, innovation, and enhanced leadership and excellence in Islamic banking. The new identity was also adopted by KFH – Egypt and KFH – Bahrain, respectively. To further recognize and manage the increasing strategic importance of our international presence, the Group established the International Banking Unit. Operating from the Mishref branch, this unit is tasked with spearheading the next phase of growth and value creation for the Group.
Driven by our commitment to supporting the ambitious economic transformation plans in Kuwait and the wider region and leveraging our ability to meet the diverse financing needs of various economic sectors, KFH actively led and participated in several prominent deals. These deals focused on financing Kuwaiti companies, major development projects, SMEs, and entrepreneurs. KFH's contribution in key sectors in Kuwait, including oil, gas, energy, water desalination, and infrastructure, amounted to approximately KD 500 million.
Regionally, KFH led, arranged, and participated in sovereign financings and deals across the real estate development, trade, industry, retail services, and energy sectors in the Middle East, North Africa, and South Asia. These deals totaled more than USD 3 billion, confirming KFH's diverse and influential role in driving regional economic growth.
KFH Capital, the investment arm of Kuwait Finance House (KFH), has successfully arranged and led over USD 29 billion in Sukuk issuances for governments, institutions, and companies across various sectors and markets. KFH Capital has also established two real estate funds in the U.S. valued at USD 145 million, introduced Equity Trading Finance product on Boursa Kuwait, and launched KFH Wealth e-application to facilitate remote wealth monitoring and transaction execution for its clients.
KFH Group treasury has increased its foreign exchange activities within the year to reach a total volume of USD 165+ billion. To meet growing client demand, precious metals services and products were expanded. The Group’s total Sukuk investment portfolio size reached more than USD 23 billion, including USD 2.38 billion in ESG Sukuk, a growth of more than 30%. The newly launched KFH Sukuk Trading Portfolio achieved over USD 6.8 billion in trade during its first nine months, confirming its role as an active market maker.
KFH intensified its efforts to invest in its employees, enhance their efficiency, and develop their capabilities. Consequently, the Group achieved a remarkable 91% participation rate in its annual employee engagement survey for 2025.
KFH’s commitment to developing and empowering Kuwaiti competencies is reflected in the increased percentage of national employment to 83.7%. This focus is reinforced by comprehensive training programs across all job levels, delivering a total of 96,474 training hours to 2592 employees.
In 2025, KFH significantly developed its work environment, improving both employee experience and job satisfaction. The bank achieved a new milestone by winning nine Brandon Hall Group awards for excellence in human resources, education, and development.
In line with our digital transformation strategy and efforts to enhance technical infrastructure and cybersecurity, we launched several advanced systems. These include the automation of credit card collection and profit distribution, AI-based screening for letters of credit, and features like facial recognition and a fraud detection model.
We launched a suite of innovative digital products and competitive services. Key offerings include the addition of QR codes to letters of guarantee, a virtual prepaid card, and an investment management platform. We also introduced Financing Against Gold Account Collateral, toll-free calls to some Group subsidiaries, real-time foreign currency pricing, trading on our e-channels, and mobile payment services for corporates. Internally, digitization covered the operations of the Legal, Private Banking, and Financial Control Departments.
The Group's automation and AI initiatives have contributed to improved efficiency and the integration of technological innovation with operational expertise in finance and card services. The introduction of the Afaq payment system and the implementation of automated processes using robotics stand out as the most prominent achievements in the digital transformation of operations. 
The Group Strategic Planning and Follow-up department played a pivotal role in updating the annual strategic business plan and ensuring its implementation through the application of the Balanced Scorecard and the standardization of Key Performance Indicators (KPIs). Furthermore, Sharia Research and Advisory significantly contributed to developing services and products by offering professional support and Sharia advice.
KFH restructured all local activities and operations across its markets, placing them under the Group Private Banking and Wealth Management umbrella. This move enabled the launch of new initiatives, including Discretionary Portfolio Management and an expansion of the bank’s wealth management product suite.
Our customers demonstrated strong trust and loyalty in many of our products. This is highlighted by Gold Account, which recorded its highest level of sales and purchases since its launch, with total trading volumes reaching about 2.8 tons of gold. The investment deposits portfolio also posted a notable growth of 4.9%, while the Financing Against Gold Account Collateral product witnessed strong demand. Meanwhile, the strong demand for the Zafafi financing product reflected the distinctiveness of its objective: covering the essential requirements of marriage. By improving the E-Corp platform, we were able to accommodate the steady increase in our corporate clients’ utilization of digital banking services.
Utilizing AI and e-channels, we introduced Kuwait's first AI virtual assistant, Fahad, to handle customer inquiries, coinciding with a redesign of the KFH online application and ATMs. The app was further enhanced with a customer profile and benefits page. We also launched the Hybrid Branch in The Avenues mall, blending digital and human banking services. Internally, the Speech Analytics system improved call center quality, while the Sharia Research and Advisory utilized the Smart Sharia Bot Program to enhance the mechanism for Sharia research and responses.
As a result of successive achievements, KFH secured around 60 awards from international providers and maintained positive ratings from international rating agencies. The bank also strengthened its social responsibility practices through numerous contributions, most notably providing KD 15 million to build a cardiac diseases and research center, establishing the tenth ward in the Addiction Treatment Center, and contributing to a campaign to pay off the debts of defaulting debtors.
Furthermore, I would like to emphasize that KFH is proceeding with its integrated corporate strategy and future vision, which are based on sustainability, innovation, and digital excellence, in order to meet the aspirations of its shareholders and customers. KFH will continue to implement decisions and reforms that enhance growth and sustain high profitability, while simultaneously strengthening its sectoral and geographical presence. The bank will also accelerate efforts to rank among the top 100 global banks and consolidate Environmental, Social, and Governance (ESG) practices across its operations.

Finally, I would like to express my sincere gratitude and appreciation to His Highness the Amir of Kuwait Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, may Allah safeguard him, His Highness the Crown Prince, Sheikh Sabah Khalid Al-Hamad Al-Sabah, and His Highness the Prime Minister, Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah. Our thanks and appreciation are also extended to the Central Bank of Kuwait and all the regulatory authorities for their constant support to the banking sector in the State of Kuwait. The Board of Directors would also like to express its sincere gratitude to the esteemed shareholders, customers, KFH Executive Management, and all employees for their efforts and cooperation throughout the year.

Group CEO Message

Meanwhile, KFH Group CEO- Khaled Yousef Al-Shamlan said: In 2025, KFH solidified its position as a leading global Islamic financial institution. This success was underpinned by robust operational and financial performance, a disciplined and well-defined strategy, and seamless integration across the Group’s subsidiaries in key markets. KFH successfully aligned its growth plans with evolving economic developments by expanding its core business and enhancing operational efficiency through the adoption of FinTech. Furthermore, by continuously investing in its workforce, specifically in national talent, KFH ensures sustainable leadership and the delivery of consistent value.
Operational and financial performance
The Group sustained its record financial results and growth in core business areas, while significantly improving operational performance. The Group reported net profit of KD 632.1 million attributable to the shareholders of the bank; an increase of 5.0% compared to last year 2024. These historic profits are the highest in the Kuwaiti banking sector. Net Financing income for the year 2025 reached KD 1.3 billion; an increase of 11.5% compared to last year. Net operating income reached KD 1.2 billion, an increase of 10.7% compared to last year. Financing receivables reached about KD 21.8 billion, an increase of KD 2.7 billion, or 14.4%, compared to last year.
Total assets reached KD 42.8 billion for the year 2025, an increase of KD 6.1 billion, or 16.5%, compared to last year. This growth was accompanied by an upward trend across all key financial indicators.
Strategy pillars
The Group’s strategy is founded on three core pillars, which are periodically refined to ensure alignment with market requirements and shareholder expectations. First, the Group prioritizes digital transformation by upgrading systems and platforms, enhancing infrastructure readiness, and leveraging advanced analytics to build comprehensive automation capabilities that accelerate service delivery and mitigate operational risks. Second, the Group pursues excellence in customer service by elevating the banking experience through integrated digital channels, improved turnaround times, and the development of loyalty programs that offer competitive benefits to both individual and corporate segments. Finally, the Group focuses on enhancing synergy and integration across its banks by unifying common platforms, harmonizing policies, and exchanging best practices to foster innovation and drive superior performance efficiency.
KFH established the Group International Banking Unit (GIBU) and unveiled its new visual identity, "Beyond Horizons". This new identity reaffirmed KFH's dedication to sustained growth and innovation. The Group’s operations across Bahrain, Egypt, Turkey, and the United Kingdom achieved substantial advancements in both performance and services. This progress was furthered by the expansion of financial and operational integration initiatives, which aligned all entities under a unified framework for risk and performance.
Sustainability
KFH continues to integrate Environmental, Social, and Governance (ESG) principles into its investment, financing, and operational models. The Bank also released its fifth Sustainability Report and third Carbon Footprint Report, underscoring its commitment to aligning corporate objectives with national directives and the Sustainable Development Goals.
In the financial markets, the Group increased its ESG Sukuk exposure to nearly USD 2.38 billion in 2025, up from USD 1.81 billion in 2024. This growth of more than 30% underscores the Group’s leadership in sustainable finance within the Islamic finance industry. 
KFH has further enriched its track record in social contributions with new initiatives, chief among them is pledging KD 15 million to fund the creation and equipping of a dedicated cardiac diseases and research center at Mubarak Al-Kabeer Hospital. Additionally, KFH contributed to the establishment of the 10th ward of the Addiction Treatment Center. KFH also contributed to launching a strategic initiative in collaboration with the Ministry of Justice and the Ministry of Social Affairs to settle the indebtedness of defaulting debtors. KFH also continued its leading role in providing social contributions to the Kuwait Foundation for the Advancement of Sciences (KFAS), the National Employment Support Program, and Kuwait Institute of Banking Studies (KIBS).
Achievement and leadership
The Group’s achievements throughout 2025 underscore its strong execution and the effective synergy maintained across its diverse business lines. Notably, the Group solidified its leadership in the Sukuk market through KFH Capital, its investment arm. KFH Capital led and arranged Sukuk issuances totalling more than USD 29 billion, serving governments, institutions, and corporations across multiple global markets, as well as managing local and regional issuances for leading financial institutions. 
The Group launched two real estate funds in the United States, totaling over USD 145 million in high-quality investments designed to generate stable income and enhance asset value.
KFH successfully issued a USD 850 million Additional Tier 1 Mudaraba Sukuk, the largest of its kind in Kuwait.  The issuance saw exceptional demand, with subscription orders of over USD 1.7 billion, more than twice the issue size. 
KFH successfully issued a USD 1 billion Senior Unsecured Sukuk. The issuance was oversubscribed, with the order book reaching more than double the target size. This move supports the Bank’s strategy to grow its capital, diversify funding, and back Kuwait’s development projects.
On the corporate side, KFH led several landmark transactions in Kuwait. A key highlight was the successful underwriting of the Islamic tranche of KD 675 million for Kuwait Petroleum Corporation, as part of a broader KD 1.5 billion syndicated Islamic and conventional facility. KFH retained a final hold of KD 405 million, representing its share as the primary strategic partner of the oil sector, in addition to other facilities provided by the Bank for infrastructure and energy projects.
In digital innovation, KFH customers completed over 600 million digital transactions in 2025. This reflects strong customer trust and highlights the Bank’s leadership in modern financial solutions. In addition, the Group expanded KFHOnline, upgraded the KFH Rewards program, and improved the eCorp platform for corporate clients.
Regarding human capital, KFH solidified its standing with nine Brandon Hall awards recognizing its excellence in talent development and recruitment. This success stems from a commitment to empowering Kuwaiti talent, fostering the inclusion of people with disabilities, and conducting impactful internal engagement. Additionally, the Group’s global reputation was reaffirmed by winning nearly 60 international awards from major providers including Euromoney, Global Finance, MEED, and EMEA Finance. Notably, The Banker ranked KFH as the "Best Performing Bank in Kuwait for 2025".
Outlook 
KFH will remain steadfast in strengthening its financial and operational performance, achieving sustainable growth, innovating banking services and products while reinforcing integration across the Group’s subsidiaries. Additionally, KFH will continue moving forward to promote digital transformation and develop its human capital, the cornerstone of the Group’s success. We will also continue to integrate sustainability in operations, enhance Private Banking and Wealth Management services, increase institutional and social partnerships, as well as expand sustainable finance and leverage its tools in the Islamic finance markets.
Thanks and appreciation
Finally, I would like to express my sincere gratitude and appreciation to His Highness the Amir of Kuwait Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, may Allah safeguard him, His Highness the Crown Prince, Sheikh Sabah Khalid Al-Hamad Al-Sabah, and His Highness the Prime Minister, Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah. Our thanks and appreciation are also extended to the Central Bank of Kuwait and all the regulatory authorities, shareholders, customers, KFH Executive Management and employees for their efforts and cooperation throughout the year.

Non-Independent Members
Mr. Hamad Abdulmohsen Al-Marzouq- Chairman
Mr. Abdulaziz Yacoub Al-Nafisi- Vice Chairman
Mr. Khalid Salem Al-Nisf
Mr. Muad Saoud Al-Osaimi
Mr. Fahad Ali Al-Ghanim
Mr. Mohammad Naser Al-Fouzan
Kuwait Investment Authority 
Represented by: Mrs. Hanan Fares Al-Fares
The Public Institution for Social Security
Represented by: Mr. Abdullah Falah Al-Mdaires
The Public Authority for Minors Affairs allied with the Awqaf Public Foundation
Represented by: Mrs. Alyaa Fahed Al-Saqer 
The Kuwait Investment Authority
Represented by: Mr. Naser Abdullateef Al-Rodhan 
Independent Members
Sheikh Salem Abdulaziz Al-Saud Al-Sabah
Mr. Rasheed Mohamed Almaraj
Mr. Mazen Mohammad Madooh
Mr. Ahmed Ali Al Qadhi

The General Assembly meeting was followed by a meeting held by the new Board of Directors where Mr. Hamad Al Marzouq was elected as the Chairman of the board by recommendation, and Mr. Abdulaziz Alnafisi as the Vice Chairman by recommendation.
The Board members whose tenure has ended are as follows: 
-    Salah Abdulaziz Al Muraikhi- Representative of Kuwait Investment Authority
-    Ahmad Meshari Al Fares
-    Noorur Rahman Abid
-    Ahmad Abdullah Al Omar