Kuwait International Bank KSCP: Analysts Conference Transcript

3Q/9M 2022 Kuwait International Bank KSCP – Call for Results

Edited Transcript of KIB Earnings Call conducted on Tuesday 25 October 2022 at 2:00 p.m. (Kuwait) and 12:00 p.m. (London – UK)

Corporate Participants:

Mr. Mohamed Said EL Saka

Deputy General Director

Mr. Ajai Thomas

Managing Director Financial Control & Planning/CFO

Mr. Abdullah Alassouse

Executive Director Investor Relations & Financial Reporting


Mrs. Ahmad El-Shazly

EFG Hermes

KIB 3T/9M 2022 – Call for results

Ahmad El Shazly

Good morning and good afternoon everyone, thank you for

join us today.

I’m Ahmad from EFG Hermes, and it’s my pleasure to welcome you to KIB’s third quarter 2022 results webcast and conference call.

I have with me today Mr. Mohamed Said EL Saka,

Deputy Managing Director, Mr. Ajai Thomas, General

Financial Control and Planning Manager/Financial Director

Officer and Mr. Abdullah Al Asouse, Executive Director-

Investor Relations and Financial Reporting.

I will now pass the call to Abdullah without further ado.

Abdullah Al Asouse Thank you, Ahmad, good morning and good afternoon everyone.

Please allow me to begin this call today by reading a brief disclaimer while the full disclaimer is available to read on the screens in front of you.

Disclaimer: Statements included or incorporated by reference in this presentation, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on KIB’s current expectations, forecasts and estimates and are not guarantees of future performance, achievements or results.

1 | Page

KIB 3T/9M 2022 – Call for results

This presentation contains certain data based on internal management estimates, which may not have been independently verified by a third party.

In addition to the disclaimer I just read, I ask you all to read the full text of the disclaimer on slide 2 of our presentation.

Let me walk you through the format of today’s call:

Mr. Mohamed Said EL Saka, our Deputy Chief Executive Officer, will present the current economic environment, strategy update and third quarter financial performance for 2022, followed by Mr. Ajai, our Chief Financial Officer, who will explain the financial review presentation package in detail.

After completing the presentation, we will answer your questions received via the webcast platform. If necessary, we will endeavor to answer the questions received. However, if any questions remain unanswered due to time constraints, or for any follow-up questions you may have, please do not hesitate to contact us via the KIB Investor Relations email address, which you can find on our website or on the last page. of the presentation file.

The presentation file is also available for download on the KIB website and will also be published via Boursa Kuwait.

Let us now turn the call to the Deputy General Manager of KIB – Mr. Mohamed Said EL Saka.

KIB 3T/9M 2022 – Call for results

Thank you, Abdullah, good morning and good afternoon everyone. Thanks for joining us.

I am pleased to welcome all participants to our earnings call to elaborate on financial performance for the third quarter of 2022.

As the global economy faces high inflation and uncertainty, the economic recovery has been good in Kuwait. The GCC is one of the best performing regions in the world, mainly supported by oil prices, which has positively improved market sentiments for business growth. However, there are still risks to growth as policymakers aim to bring inflation back to target.

Strategically, we have made relentless, short-term efforts to upgrade and improve our infrastructure systems, our digital capabilities and the efficiency of our internal processes. This has allowed us to further improve and digitize the services provided to our customers.

In the long term, we will continue to build a robust and innovative business model and improve our ability to respond quickly to constant market changes by adopting cutting-edge financial technologies, attracting a competent and qualified national team, developing decision systems data-based. make and continually improve our cost structures. This aims to provide unique banking and financial products tailored to the needs of our customers and

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Kuwait International Bank KSC published this content on October 26, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on October 26, 2022 05:27:06 UTC.

Public now 2022


2022 sales 76.0 million
Net income 2022 10.0 million
32.3 million
32.3 million
Net debt 2022

PER 2022 ratio 19.6x
2022 return 3.56%
Capitalization 200M
capi. / Sales 2022 2.64x
EV / Sales 2023
# of employees
Floating 46.0%


Duration :

Period :

Kuwait International Bank KSCP Technical Analysis Chart |  MarketScreener


Short term Middle term Long term
Tendencies Bearish Bearish Bearish

Evolution of the income statement


To buy

Number of analysts 2
Last closing price 0.19KWD
Average target price 0.18KWD
Average Spread / Target -4.76%

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