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About IBK

The Government of Kuwait established the Industrial Bank of Kuwait (IBK) on December 16, 1973as 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 20 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.

IBK Shareholders and Ownership

Ownership Percentage Number of Shares

Shareholder Name

31.390

627,803

Ministry of Finance

23.210

464,199

Wafra International Investment Company K.S.C.C. 

12.556

251,121

Central Bank of Kuwait

4.484

89,686

Commercial Bank of Kuwait K.P.S.C.

4.484

89,686

 Al-Ahli Bank of Kuwait K.S.C.P

4.484

89,686

.Kuwait Flour Mills & Bakeries Co. S.A.K

4.484

89,686

.Privatization Holding Company K.S.C

3.587

71,749

Kuwait Investment Company S.A.K

2.691

53,812

Arab Investment Co. K.S.C.C

2.475

49,496

.Financial Assets Company Bahrain W.L.L

0.897

17,937

.Burgan Bank K.P.S.C

0.673

13,453

.Bobyan Petrochemical Company K.S.C

0.100                      

2,000

Gimbal Holding Company S.P.C

4.484 89,686

Treasury Shares

100.00

2,000,000

Total