Jordan Kuwait Bank Holds Annual General Assembly Meeting Chaired by Sheikha Dana Al-Sabah

The General Assembly of Jordan Kuwait Bank (JKB) held its Annual Ordinary Meeting on April 28, 2025, chaired by Sheikha Dana Nasser Sabah Al Ahmad Al Sabah, with the Board and CEO Mr. Haitham Al-Batayneh in attendance. The meeting, conducted via video and audio conferencing, included participants such as the Companies Controller Dr. Wael Armouti, representatives from the Central Bank of Jordan, the Social Security Investment Fund, and Ernst & Young Jordan. Shareholders approved a JOD 18 million cash dividend, 12% of the Bank’s paid-up capital, and endorsed the financial statements, the 2024 Board report, and the future work plan.

In her remarks, Sheikha Dana Nasser Sabah Al Ahmad Al Sabah, Chairperson of the Board, said:

"Jordan Kuwait Bank’s outstanding financial results at the end of 2024 reinforce its position as one of the leading financial institutions in the Kingdom. Through innovative strategies, the Bank continues to achieve a balance between growth and expansion, while ensuring sustainability and strengthening its social responsibility efforts. The executive management, under the Board’s guidance, has successfully executed the Bank’s strategy, adapting to challenges and delivering positive results that reflect our prudent investment and risk management approach."

By the end of 2024, JKB's net profits grew by 115.8% to JOD 194.3 million. Net profit before tax was JOD 231.2 million, up from JOD 121.7 million in 2023. Customer deposits and cash margins increased by 7.3% to JOD 4.1 billion, with direct credit facilities exceeding JOD 2 billion.

Commenting on the financial results, Mr. Haitham Al-Batayneh, CEO of Jordan Kuwait Bank, said:

"The Bank’s exceptional results and high growth rates were accompanied by the strengthening of our financial position. Our capital adequacy ratio reached 21.29%, reflecting the resilience of our capital base. We also recorded an increase in provisions for credit exposures, ensuring strong risk management and financial governance. Total assets grew by 7.4% to reach JOD 5.6 billion, while shareholders’ equity rose by 21.8% to JOD 886.1 million by the end of 2024."

Mr. Al-Batayneh noted significant achievements in 2024, including several prestigious awards. Sheikha Dana Al Sabah expressed appreciation to Dr. Adel Sharkas, the Central Bank of Jordan, the Securities Commission, and regulatory authorities in Jordan, Iraq, and Cyprus for their support. She thanked shareholders and clients, affirming JKB's commitment to sustaining achievements, strengthening its financial position, delivering consistent returns, and maintaining balanced risk management.