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	The 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.C
4.484	89,686	.Privatization Holding Company K.S.C
4.484	89,686	.Securities Group 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
100.00	2,000,000	Total