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# Al-Ahli Bank of Kuwait grows FY2024 net profit 16% to KD 52.41 million
- URL: https://www.theglobalbanker.com/al-ahli-bank-of-kuwait-grows-fy2024-net-profit-16-to-kd-52-41-million/
- Published: 2025-02-19T13:39:00.000Z
- Updated: 2026-10-01T10:30:28.000Z
- Description: ABK's board proposed a 10 fils cash dividend and 5% bonus shares after earnings per share rose 17% to 21 fils and operating profit climbed 11% to KD 107.41 million.
- Author: TGB Editorial Team
- Tags: Banking News, MENA, #archive

Al-Ahli Bank of Kuwait (ABK) reported on 19 February 2025 a net profit of KD 52.41 million for the 2024 financial year, an increase of 16%. Earnings per share rose 17% to 21 fils.

Operating income increased 9% to KD 200.75 million, while operating profit grew 11% to KD 107.41 million. Total assets reached KD 7.37 billion, with loans and advances of KD 4.83 billion and customer deposits of KD 4.42 billion. Shareholders' equity stood at KD 628 million.

#### ASSET QUALITY AND CAPITAL

The bank's non-performing loan ratio stood at 1.23%, with NPL coverage of 460%, and its capital adequacy ratio was 16.94%. The board proposed a cash dividend of 10%, equivalent to 10 fils per share, and bonus shares of 5%, equivalent to five shares for every 100 held, subject to approval by the annual general assembly.

Chairman Talal Mohammed Reza Behbehani said: “The profits for 2024 reflect our ability for sustainable growth and delivering added value to shareholders.” He noted that the bank was upgraded to the Premier Market on Boursa Kuwait during the year and returned to debt capital markets with a $300 million Additional Tier 1 bond carrying a 6.5% annual coupon, which was more than 4.5 times subscribed. ABK is rated A by Fitch and A2 by Moody's.

Abdulla Al-Sumait, Acting Group Chief Executive Officer, said: “In 2024, we successfully achieved growth in our financial indicators once again.” The group operates in Kuwait, Egypt and the United Arab Emirates, and during 2024 it continued its digital transformation plan, and the chairman announced the launch of a five-year strategy focused on environmental, social and governance matters and sustainability.