Bahrain: Khaleeji Bank posts 11.3% rise in net profit
Earnings per share were 2.19 fils for the period, compared with 2.24 fils for the corresponding period of the previous year. Total comprehensive income attributable to the parent's shareholders for Q2 2025 amounted to BD2.489m, versus BD1.913m in the same period last year, up 30.11pc.
Total income for Q2 2025 reached BD12.9m, compared with BD11.674m in the same period last year, an increase of 10.50pc.
For the six‑month period ended June 30, 2025, the bank reported net profit attributable to shareholders of BD5.614m, compared with BD5.138m for the first half of last year, an increase of 9.26pc, mainly driven by higher income from financing contracts.
Earnings per share for the period ended June 30, 2025 were 5.18 fils, compared with 5.41 fils in the same period of the previous year.
Total comprehensive income attributable to the parent's shareholders for H1 2025 reached BD6.132m, versus BD4.838m in the same period last year, an increase of 26.75pc.
Total income for H1 2025 amounted to BD27.969m, compared with BD24.576m in the same period last year, up 13.81pc.
Total owners' equity as at June 30, 2025 increased by 0.3pc to BD129.033m, compared with BD128.647m as of end-2024.
Total assets as at June 30, 2025 rose by 9.03pc to BD1,631.234m, compared with BD1,496.129m as at end-2024.
The financial results also showed an increase in investments in sukuk by 9.88pc to BD551.770m, compared with BD502.139m as of end-2024, while financing contracts rose by 13.46pc to BD818.267m compared with BD721.167m as of end-2024.
Commenting on the results, Khaleeji Bank chairman Yusuf Abdullah Taqi said: 'The positive results achieved during the first half of 2025 underscore the resilience of our business model and our ability to generate value even amid a volatile economic environment. We continued to grow revenues from financing contracts and enhancing asset quality, resulting in higher net profit, supported by prudent risk management policies and financial discipline that cement the bank's position as a leading Islamic financial institution.'
He added: 'During the second half of the year, we intend to continue executing our ambitious strategy, centred on adopting the latest advances in digital transformation, expanding and diversifying our services to enhance the quality of our clients' experience and meet their evolving expectations, while focusing on financing sectors that support Vision 2030 and strengthening our Sharia‑compliant solutions within the kingdom and beyond. We will also maintain strong liquidity and capital, as well as uphold the highest standards of governance and transparency, enabling us to deliver sustainable returns and rewarding distributions, reinforce shareholder confidence, and ensure long‑term value creation for all stakeholders.'
For his part, Khaleeji Bank chief executive Sattam Algosaibi said: 'The strong financial performance in the first half of 2025 reflects the systematic progress in executing the bank's strategy, which is based on achieving sustainable growth and maximising operational efficiency, thereby bolstering our position as an advanced and integrated financial institution in the Bahraini banking landscape. Our efforts during this period focused on implementing innovative digital programs and expanding our range of banking products, supported by an advanced technological infrastructure that aligns with the changing aspirations and evolving financial behaviour of our clients.'
He added: 'We have made tangible progress in our digital transformation paths by developing our electronic platforms and elevating our self-service channels, leveraging modern technologies and data analytics to provide a smart and personalised banking experience that considers client needs and accelerates financing procedures, with full commitment to the provisions of Islamic Sharia.'
Mr Algosaibi further said: 'Regarding internal management, we have worked on improving operational efficiency indicators and upgrading the governance of banking operations in line with international best practices and the regulatory standards issued by the Central Bank of Bahrain (CBB), alongside introducing training programs aimed at developing Bahraini competencies and preparing them for future leadership.
'We have also strengthened the corporate risk framework and linked operational decisions to advanced financial models that support business forecasting and hedging. This has helped us maintain high liquidity levels and solid asset quality, while also expanding into productive financing and strategic sectors linked to Vision 2030.
'On the community front, the bank has continued to play its national role through quality initiatives in the fields of education, sports, entrepreneurship, and financial inclusion, thereby enhancing the shared value between us and the community. These achievements have resulted in Khaleeji receiving prestigious local and regional banking awards, reflecting our continued leadership and excellence in providing Sharia-compliant financial solutions with a tangible and positive impact.'
Mr Algosaibi concluded: 'We are proud of what has been achieved and are committed to moving forward on the path of development and innovation, ensuring sustainable returns for our shareholders, cementing client confidence, and solidifying Khaleeji's position as a modern banking institution that is flexible and capable of keeping pace with future transformations in the financial industry.'
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