Establishment
IBK was established on December 16, 1973 at the
initiative of the Kuwait government, as a joint venture between the Ministry of Finance,
the Central Bank, commercial banks, insurance companies, and some large industrial
establishments.
Capital
IBK was established with a share capital of KD 10,000,000, which was
subsequently increased to KD 20,000,000, fully paid up in June 1981.
Our Objectives
To participate in developing a long-term strategy for
industrial growth in Kuwait and identifying those sectors and activities which would best
suit local conditions and constraints.
To initiate industrial projects and investments in promising sectors.
To provide financing whether in the forms of equity, or medium or long-term credits for
new projects, or well as the expansion of existing ones.
To finance projects outside Kuwait with an emphasis on the Gulf region, especially where
Kuwaiti interests are involved.
To being new technologies to Kuwait and identify foreign partners with the necessary
expertise.
To support the development of domestic money and capital markets in cooperation with
other major financial institutions. Such a development will facilitate the channeling of
private savings into industrial areas, whether in or outside Kuwait.
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