According to Forbes’ Ranking Based on Market Value, Assets, and Profitability...
Boubyan Bank Ranks Third Domestically on the List for the Middle East’s 100 Most Valuable Companies 2026
The Bank Climbed 9 Spots Regionally to Rank 52nd
Adel Al-Majed:
• The Improved Ranking Reflects the Strength of the Bank’s Business Model and Its Ability to Sustain Growth and Excellence
• The Bank Continues to Invest in Human Capital and Modern Tech to Reinforce Its Ability to Pursue More Successes All while Abiding by Sustainability and Governance
Boubyan Bank continued strengthening its presence in the economic landscape and reinforced its regional leadership through its presence on Forbes List for the Middle East’s 100 Most Valuable Companies 2026, where the bank ranks third domestically among Kuwaiti banks based on market value, assets, and profitability.
The bank’s market value is USD 9.8 billion, with total assets of USD 33.5 billion, and it reported net profit of USD 331 million at a growth rate of 4%.
The bank ranked 52nd regionally on the same list, thereby climbing 9 spots compared with last year’s ranking, a clear indication of the solid financial performance of the bank and its strategy built on planned expansion and adoption of innovative digital banking solutions, in addition to reinforcing the bank’s market value region-wise.
** Flexible Performance... Balanced Growth
Commenting on this achievement, Mr. Adel Al-Majed, Boubyan Bank's Vice-Chairman & Group Chief Executive Officer, stated: “Our continuous presence on Forbes List for the Middle East’s 100 Most Valuable Companies is a clear indication of the success of the institutional model adopted by Boubyan Bank, which is built on striking a balance between planned expansion and sustained growth on the one hand, and operational efficiency and risk management on the other hand.”
He added: “Over the past year, the bank maintained a balanced growth across its various key performance indicators, supported by the trust of shareholders and customers and the efficiency of its business model, in addition to the quality of its risk management, which have all cemented the bank’s position as one of the most well-prepared Islamic banks poised to continue growth over the upcoming period.”
He pointed out that the progress achieved by the bank reflected the upward trajectory in its performance, boosted by the strong growth of its operations, reinforced customer base, and increase of presence in regional markets, confirming that the bank would continue implementing its expansion plans efficiently while maintaining the quality of its assets and achieving sustained revenues that would reinforce investors’ trust as well as financial stability on the long run.
** Future Growth Strategy
Al-Majed emphasized: “Results achieved by the bank over the past period are the result of our 5-year strategy ‘Boubyan 2028’, which serves as a clear road map based on 4 key pillars, including planned expansion, developing digital banking solutions, increasing operational efficiency, and sustainability in its broader concept.”
Speaking of digital leadership and investment in modern technology, Al-Majed added: “We are accelerating our investment in building strategic partnerships with FinTechs and other leaders of digital innovation, in addition to supporting and empowering tech startups, thus allowing the development of smarter and more flexible banking solutions that enhance customer experience and improve the efficiency of operational processes.”
“Today, Boubyan works on moving beyond the conventional digital transformation phase into employing AI technologies across various banking domains in a manner that contributes to the development of financial services and offering swifter and more accurate solutions that cater for customers’ needs and keep up with the accelerating transformations in the financial sector.”, he added.
He elaborated: “This direction reflects the bank’s vision in building a complete innovation ecosystem bringing together tech companies, and investing in cutting-edge digital solutions, while empowering FinTech entrepreneurs. Nowadays, innovation is a key pillar of the bank’s strategy towards reinforcing its position as a leading banking institution adopting future trends.”
He went on to add: “The bank continues investing in human capital and modern technology to reinforce its ability to achieve further successes during the upcoming phase, while fully committing to sustainability, CSR, and governance, in a way that reinforces the national economy and cements Kuwait’s status as a regional financial hub trusted by global markets.”
Al-Majed concluded by thanking all those who contributed to this achievement, confirming that the bank’s achievements were primarily driven by its professional team and the sincere efforts exerted to continue excellence and leadership.
