Jordan Kuwait Bank (JKB) held its regular annual General Assembly meeting on Monday, April 28, 2025, chaired by Shaikha Dana Naser Sabah Al Ahmad Al Sabah, Chairperson of the Board of Directors. The meeting was also attended by several board members and the bank’s CEO, Haethum Buttikhi. During the meeting, shareholders approved the Board of Directors’ recommendation to distribute JOD 18 million in cash dividends, equivalent to 12% of the bank’s capital.

The meeting, conducted virtually, was attended by the Companies Controller, Dr. Wael Al-Armouti, representatives from the Central Bank of Jordan, the Social Security Investment Fund, and the bank’s auditors, Ernst & Young Jordan. Participants also approved the bank’s 2024 financial statements, the Board of Directors’ annual report, and the bank’s future strategic plan.

In her address, Sheikha Dana praised the bank’s strong financial performance in 2024, which strengthened its position as one of Jordan’s leading financial institutions. She highlighted the bank’s innovative strategies that strike a balance between growth and sustainability, while also reinforcing its commitment to social responsibility.

Sheikha Dana also stressed that the executive management, under the guidance of the Board, had successfully implemented the bank’s strategic plan, enabling it to navigate challenges and deliver strong results for investors, shareholders, and clients. She attributed asset and income growth to well-planned strategic investments and careful risk management, particularly in high-risk markets.

By the end of 2024, JKB reported a significant increase in net profit, reaching JOD 194.3 million — a 115.8% rise compared to 2023. Pre-tax profits stood at JOD 231.2 million, up from JOD 121.7 million the previous year.

CEO Haethum Buttikhi highlighted that the bank’s outstanding performance and high growth rates were achieved alongside a strengthening of its financial position. The regulatory capital adequacy ratio reached 21.29%, reflecting the bank’s strong and stable capital base. He also noted a marked increase in provisions for credit exposures, enhancing the bank’s resilience to potential risks through strict financial governance and prudent risk management.

Buttikhi added that total assets grew by 7.4% in 2024, reaching JOD 5.6 billion, up from JOD 5.2 billion in 2023. Shareholders’ equity rose to JOD 886.1 million, an increase of 21.8%. Moreover, customer deposits and cash collateral also grew by 7.3%, reaching JOD 4.1 billion by year-end. Meanwhile, direct credit facilities surpassed JOD 2 billion. He also referenced several key achievements made by JKB in 2024, including numerous prestigious regional and international awards earned by the bank.

At the close of the meeting, Sheikha Dana expressed her deep appreciation to the Governor of the Central Bank of Jordan, H.E Dr. Adel Sharkas, and his capable team. She also extended her gratitude to the Securities Commission and its staff for their ongoing efforts in supporting a healthy environment for the growth of Jordan’s banking and corporate sectors.

Sheikha Dana also thanked the regulatory authorities in Jordan, Iraq, and Cyprus for their continued support, and commended the outstanding performance of the bank’s employees, recognizing their central role in delivering these exceptional results.

Lastly, Sheikha Dana expressed her sincere gratitude to the bank’s valued shareholders and customers for their trust and ongoing support. She reaffirmed Jordan Kuwait Bank’s commitment to building on its successes by strengthening its financial and credit position, delivering sustainable profitability, and maintaining a balanced, prudent approach to risk management — one that is aligned with national banking regulations and reinforces the bank’s position as a leading financial institution both locally and regionally.