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Warba Bank held its postponed Ordinary General Assembly Meeting for the financial year ended 31 December 2025. The General Assembly approved all agenda items, most notably the Board of Directors’ recommendation to distribute cash dividend of 5% (equivalent to 5 fils per share) and bonus shares of 5% (equivalent to 5 shares for every 100 shares), to shareholders registered in the bank’s records on the entitlement date.
The General Assembly was held at an exceptional time, reflecting the strength of the bank’s financial position and its ability to meet its obligations to shareholders and customers despite the geopolitical challenges facing Kuwait and the wider region. Warba’s financial results for 2025 showed notable growth across all key indicators, underscoring the success of the bank’s expansion strategy and the strength of its risk management framework.
In remarks marked by gratitude, Warba Bank Chairman Mr. Hamad Musaed Al-Sayer opened his speech by expressing his appreciation to Kuwait’s leadership and all those safeguarding the nation’s security.
He said: “First, we would like to express our deepest appreciation to His Highness the Amir of the State of Kuwait, Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, may God protect him, and to His Highness the Crown Prince, Sheikh Sabah Khaled Al-Hamad Al-Sabah, may God protect him, for their wisdom and sound leadership. We also extend our pride and appreciation to our brave men in the military, police, and fire service, to our dedicated medical teams, and to every vigilant eye working with sincerity and commitment to protect the safety and security of our beloved Kuwait and its loyal people.”
Al-Sayer reaffirmed the bank’s deeply rooted identity, saying: “When we speak about Warba Bank, we are not simply speaking about a financial institution. We are speaking about ‘the people’s bank’, a bank that grew from the land of Kuwait and was established by its people to serve them. We feel a deep responsibility towards every shareholder who has placed their trust in us and we see ourselves as custodians not only of your money, but also of your hopes and aspirations.”
Al-Sayer added: “The decision to distribute dividend today, amid the exceptional circumstances facing our region, carries a message that goes beyond numbers and returns. It is a message of loyalty and commitment and a reflection of our determination to stand by our people. Warba’s success is a success for every Kuwaiti home and our real strength comes from your support and trust, which remain our most valuable asset.”
Al-Sayer concluded: “We remain committed to dedicating all our efforts and capabilities to living up to your expectations by understanding and responding to the evolving needs of every segment of society, and by delivering services that meet your aspirations at all times and under all circumstances, so that we always remain the bank closest to you.”
Al-Sayer reviewed the bank’s financial results, noting that Warba Bank maintained its upward growth trajectory throughout 2025, delivering financial achievements that reflect the strength of its operating performance and the resilience of its financial position.
The bank’s net profit rose by 122% to reach KD 50 million. This growth was driven by a notable 14% increase in operating income, which reached KD 307.4 million, supported by the bank’s strategy to diversify income sources, enhance operational efficiency, and achieve strong growth in net financing income, fees and commissions.
In terms of financial position, the bank’s total assets rose by 14% to reach KD 6 billion by the end of 2025. The financing portfolio also grew by 10% to reach KD 5 billion. Customer deposits reached KD 3.5 billion, while the bank maintained a strong capital adequacy ratio of 16.87%.
A key achievement in 2025 was Warba’s acquisition of a significant stake in Gulf Bank, reinforcing its position in the Kuwaiti banking sector and diversifying its investments.
For his part, Warba Bank Chief Executive Officer Mr. Shaheen Hamad Al-Ghanem addressed the upcoming phase, the challenges it brings, and the opportunities it presents.
Al-Ghanem said: “We are living through a period of uncertainty, with geopolitical challenges casting their shadow across the region. Yet, as Kuwait has always shown, these circumstances have once again proved that our country, through its institutions and people, has the strength and resilience to protect its achievements, adapt to change and stand united in the higher interest of Kuwait.”
He added: “Our message today is clear and firm: Warba Bank is not separate from this country; we are an integral part of its economic and social fabric. That is why we remain committed to investing in our national economy and moving forward with our ambitious development plans.”
Al-Ghanem noted that the bank has implemented flexible strategic plans to respond to various scenarios while ensuring business continuity and uninterrupted customer service.
Al-Ghanem emphasized that the bank will focus on two priorities: digital innovation and national talent empowerment.
The bank will continue to invest in digital infrastructure and smart banking solutions to support evolving needs, particularly of young customers.
On empowerment, Al-Ghanem highlighted the bank’s commitment to developing Kuwaiti talent and preparing future leaders.
He concluded with optimism about Kuwait’s future and Warba Bank’s role in supporting stability and prosperity.
