Boubyan Bank Explained

Traded As:KSE

BOUBYAN

Native Name:بنك بوبيان
Type:Public
Foundation:2004
Location:Kuwait City, Kuwait
Key People:Abdulaziz Abdullah Al-Shaya (Chairman)
Adel Abdul Wahab Al-Majed (Vice-Chairman & Group CEO)
Abdullah Abdulkareem Al-Tuwaijri (CEO - Consumer, Private, and Digital Banking)
Abdul-Salam Mohammed Al-Saleh (CEO - Corporate Banking, Financial Control, Treasury and Legal Affairs)
Isin:KW0EQ0102065
Industry:Financial services
Products:Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, Murabaha, private banking, savings
Revenue: KWD 218.03 million (2023) [1]
Operating Income: KWD 107.45 million (2023)
Net Income: KWD 80.44 million (2023)
Assets: KWD 8.40 billion (2023)
Num Employees:2,333 [2]
Homepage:boubyan.bankboubyan.com

Boubyan Bank is an Islamic Bank in Kuwait established in 2004.[3] Boubyan Bank has a paid up capital exceeding 196.5 million Kuwaitis Dinars (equivalent to approximately 700 million US Dollars).Boubyan Bank is one of the emerging banks in Kuwait and GCC, with the National Bank of Kuwait as the major shareholder, which is ranked among the largest 300 banks worldwide.[4] Boubyan Bank provides a variety of banking services to individuals, private, business and corporate customers. The main activities of Boubyan Bank includes accepting deposits, establishing investment funds, and trading in real estate. The Bank deals with all types of Islamic transactions, including:

Boubyan Bank Subsidiaries

Subsidiaries and Associates: Boubyan Group includes the following subsidies and associates by end of 2013:

[5]

Board of directors

Board of Directors[6] !Name!Role!Year of Joining
Abdulaziz Abdullah Al-ShayaChairman2009
Adel Abdul Wahab Al-MajedVice-Chairman & Group Chief Executive Officer2009
Adnan Abdullah Al-OthmanDirector (Non-Executive)2016
Fahad Ahmad Al-FouzanDirector (Non-Executive)2020
Hazim Ali Al-MutairiDirector (Non-Executive)2010
Mohamed Yousef Al-SaqerDirector (Non-Executive)2019
Waleed Mishari Al-HamadDirector (Non-Executive)2010
Waleed Ibrahim Al-AsfourDirector (Non-Executive)2019
Waleed Abdullah Al-HoutiDirector (Non-Executive)2019
Syed Imran Azhar AliDirector (Independent)2021
Waleed Humoud Al-AyadhiDirector (Independent)2021

Executive Management

Executive Management[7] !Name!Role!Year of Joining
Adel Abdul Wahab Al-MajedVice-Chairman & Group Chief Executive Officer2009
Abdullah Abdulkareem Al-TuwaijriChief Executive Officer - Consumer, Private, and Digital Banking2011
Abdul-Salam Mohammed Al-SalehChief Executive Officer - Corporate Banking, Financial Control, Treasury and Legal Affairs2012
Waleed Khalid Al-YaqoutGroup General Manager - Administration Group2010
Adel Abdullah Al-HammadGroup General Manager - Human Resources Group2006
Abdullah Ahmed Al-MehriChief Operating Officer2019
Ashraf Abdallah SewilamGroup General Manager - Corporate Banking Group2013
Abdul Rahman Hamza MansourChief Internal Audit - Internal Audit Group2006
Mohamed Ibrahim IsmailGroup General Manager - Financial Control Group2005
Majed FanousChief Risk Officer – Risk Management Group2018
Adel Rashed Al-MutairiTreasurer - Treasury Group2015

Shariah Committee

Shariah Committee: Boubyan Bank has a Shariah Committee which monitors and approves its activities and transactions, and comprises:

Shariah Committee[8] !Name!Role
Sheikh Dr. Abdulaziz Khalifa Al-QasarChairman
Sheikh Dr. Esame Khalaf Al-EneziMember
Sheikh Dr. Mohammed Awad Al-FuzaieMember
Sheikh Dr. Ali Ibrahim Al-RashidMember

External links

Notes and References

  1. Web site: Boubyan Bank Annual Report 2023 . PDF . Boubyan Bank . 5 June 2024.
  2. Web site: BOUBYAN Boubyan Bank K.S.C. Profile MarketWatch . 2024-06-05 . MarketWatch . en.
  3. Web site: About Us | Boubyan Bank.
  4. Web site: 21 May 2024 . Largest banks and bank holding companies by market cap . companiesmarketcap.com.
  5. Web site: Boubyan Group | Boubyan Bank.
  6. Web site: Board of Directors | Boubyan Bank.
  7. Web site: Executive Management | Boubyan Bank.
  8. Web site: Shariah Committee | Boubyan Bank.