About IBK
The Government of Kuwait established the Industrial Bank of Kuwait (IBK) on December 16, 1973 as a closed joint stock market venture. The Bank was established in partnership with key private sector institutions. The government was represented through the Ministry of Finance and the Central Bank of Kuwait, while a number of Kuwaiti companies in the banking, industrial, and investment sectors represented the private institutions.
Set up with an initial capital of 10 million Kuwaiti Dinars, the establishment of IBK was a major progress for Kuwait in encouraging industrial activity and strengthening the infrastructure of this vital sector. IBK was also the first specialized bank to finance and support industrial development in the GCC.
Capital And Ownership
Given below are current details of the Bank’s shareholders and their ownership.
| Shareholder Name | Number Of Shares | Ownership Percentage |
|---|---|---|
|
Ministry of |
627,803 |
31.39 |
|
Wafra International Investment Company K.S.C.C. |
464,199 |
23.21 |
|
The Central Bank of Kuwait |
251,121 |
12.556 |
|
Commercial Bank of Kuwait K.P.S.C. |
139,182 |
6.959 |
|
Securities Group Company K.S.C. |
91,686 |
4.584 |
|
Al-Ahli Bank of Kuwait K.S.C.P |
89,686 |
4.484 |
|
Privatization Holding Company K.S.C |
89,686 |
4.484 |
|
Kuwait Flour Mills & Bakeries Co. S.A.K.C |
89,686 |
4.484 |
|
Kuwait Investment Company S.A.K |
71,749 |
3.587 |
|
Arab Investment Co. K.S.C.C |
53,812 |
2.691 |
|
Burgan Bank K.P.S.C. |
17,937 |
0.897 |
|
Bobyan Petrochemical Company K.S.C. |
13,453 |
0.673 |
|
Total |
2,000,000 |
100.00 |