WarbaBank

Warba Bank announced the acquisition of a property in Kuwait City, marking a strategic move to transform it into its new headquarters. The initiative comes as part of the bank’s expansion plans and its commitment to strengthening its infrastructure to support its long-term growth.

Centrally located in the heart of the capital, the tower consists of 33 floors above ground and two basement levels, served by six elevators. The building spans a plot of 1,500 square meters, with a total built-up area of 22,206 square meters, making it a new headquarter that embodies the bank’s institutional identity and vision.

Commenting on the acquisition, Mr. Hamad Musaed Al-Sayer, Chairman of Warba Bank, stated: “The acquisition of this new tower is a key milestone in Warba’s sustainable growth strategy. It is part of our deliberate investment in strategic assets that support the bank’s future objectives, while enhancing our local presence and readiness for broader regional expansion.”

Al-Sayer further emphasized that this step is aligned with the bank’s strategy to solidify its institutional presence and affirm its position as a leading Islamic financial institution that blends local expertise with a forward-looking vision. He noted: “Our goal is to create a modern, flexible work environment that inspires innovation and meets the aspirations of future generations of Kuwaiti talent.”

He added: “This acquisition reaffirms Warba Bank’s founding purpose as a government initiative to support the Kuwaiti economy. Our expansion is steady and purposeful, ensuring we grow in a way that benefits both our people and the wider community.”

“We are not only expanding our operations; we are expanding our workspace and horizons to offer our teams and clients the space they deserve to achieve their ambitions and elevate their experience. Every step we take, including the establishment of a new headquarters, aims to create a unified and seamless banking environment where departments work in synergy to serve customers and enhance sustainable growth.”

“Warba is moving forward with confidence toward building a more agile and future-ready bank. This real estate acquisition represents a tangible translation of our vision, built on innovation, transparency, and deep connection to the Kuwaiti community, a community that values progress and believes in forward-looking, responsive banking services.”

In preparation for this transformation, Warba Bank has appointed an international project management office with expertise in large-scale real estate development to oversee the building’s full renovation. The project will incorporate state-of-the-art architectural design, sustainability, and smart technologies, in line with Warba’s institutional vision and commitment to excellence.

The tower will undergo a comprehensive upgrade to transform it into a modern work environment that fosters productivity and innovation while delivering a superior experience for both employees and customers. This step is aligned with the Bank’s vision to build a dynamic and human-centric infrastructure for the future.

It is noteworthy that earlier this year, Warba Bank announced its acquisition of Alghanim Trading Company previously (Warba Strategic Company today), which holds a 32.75% stake in Gulf Bank, a move that reflects Warba’s strategy to diversify its investments and strengthen its presence in the banking sector. The Bank also successfully completed its third capital increase since inception, achieving the highest subscription value in Kuwait’s financial history, in support of its ongoing expansion plans and long-term growth.

Warba Bank has achieved remarkable success in a short span of time, earning a leading position in the Islamic digital banking sector in Kuwait. With one of the largest shareholder bases among local banks, Warba Bank continues to be a trusted partner that brings together innovation and social responsibility to deliver best-in-class Sharia-compliant products and services.