Kuwait · Financial institution
Boubyan Bank (K.S.C)
Legal name in the LEI recordBoubyan bank - K.S.C.P
Boubyan Bank K.S.C.P. is a Kuwaiti public shareholding company incorporated on 21 September 2004. The Central Bank of Kuwait licensed it on 28 November 2004. It is a subsidiary of National Bank of Kuwait S.A.K.P. and its shares have been listed in Kuwait since 15 May 2006. It provides banking services in accordance with Islamic Sharia, and its principal subsidiaries are BLME Holdings, Boubyan Takaful Insurance Company and Boubyan Capital Investment Company. In 2024 it explored a merger with Gulf Bank, and both banks called the project off in January 2025.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- BBYNKWKWXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under BBYNKWKW directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2005-04-02
- Last updated
- 2022-02-14
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
Ticker BOUBYAN
Institution type
Islamic bank
Trades as Boubyan Bank
- Ownership
- National Bank of Kuwait S.A.K.P. holds a majority stake, which the bank has described as approximately 60%, and the remaining shares trade on Boursa Kuwait.
- Direct parent
- National Bank of Kuwait S.A.K.P., Kuwait
- Stock listing
- Boursa Kuwait BOUBYAN
- Head office
- Abdullah Al-Salem Street, Qibla Area, Block 14, Building 3, 13116 Kuwait City, Kuwait (registered office: P.O. Box 25507, Safat 13116, State of Kuwait)
Business lines
The bank reports four segments: consumer banking, corporate banking, investment banking and international operations, and treasury. All of them operate under Islamic Sharia principles, and its UK subsidiary BLME runs the digital bank Nomo.
Online
- Websites & references
- bankboubyan.com ↗
boubyan.bankboubyan.com ↗ earlier version of the bank's website, still online
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Instagram ↗ · YouTube ↗
Sources · 11 pages consulted
- bankboubyan.com/en/who-we-are
- bankboubyan.com/en/who-we-are/board-of-directors
- bankboubyan.com/en/who-we-are/executive-management
- bankboubyan.com/en/news/571822
- bankboubyan.com/media/filer_public/a6/82/a682136c-5694-4e2b-9633-dca0b8778bef/english_-_boubyan_bank_e_31
- bankboubyan.com/media/filer_public/93/68/93682d8d-f8f1-401b-940c-54500e3d0cf0/109_q2_2026_full_transcript
- boubyan.bankboubyan.com/en/explore-boubyan-page/news-press-release/news/boubyan-banks-group-ceo-gives-a-lecture-a
- zawya.com/en/business/m-a/kuwaits-gulf-bank-boubyan-bank-call-off-merger-plans-opyzvp0y
- gulfbusiness.com/boubyan-bank-mulls-merger-with-gulf-bank/
- zawya.com/en/markets/equities/kuwaits-gulf-bank-signs-mou-on-potential-merger-with-boubyan-bank-ie0
- en.wikipedia.org/wiki/Boubyan_Bank
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Adel Abdul Wahab Al-Majed
Vice Chairman and Group Chief Executive Officer
- Chair
-
Abdulaziz Abdullah Dakheel Al-Shaya
Chairman (Non-Executive)
- Chief financial officer
-
Mohamed Ibrahim Ismail
Group Chief Financial Officer
- Executive
-
Abdullah Abdulkareem Al-Tuwaijri
Chief Executive Officer
- Executive
-
Abdul-Salam Mohammed Al-Saleh
Chief Executive Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Kuwait
- Central Bank of Kuwait Central bankPrudential supervisorAML supervisor
- Kuwait
- Capital Markets Authority Securities
Recent events
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
The bank and Gulf Bank called off their proposed merger and terminated the signed agreements.
zawya.com ↗ -
Merger / acquisition
Gulf Bank and the bank signed a memorandum of understanding to assess a potential merger into a single Sharia-compliant bank.
zawya.com ↗ -
Merger / acquisition
The boards of the bank and Gulf Bank approved a proposal to study a merger, and the Central Bank of Kuwait was notified.
gulfbusiness.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- BBYNKWKWXXX
- How the BIC breaks down
- BBYNBank
- KWCountry · Kuwait
- KWLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900D1UAYOAUPGL280
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Kuwait · Middle East & North Africa
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Direct parent
- بنك الكويت الوطني / مساهمة العامة · Kuwait549300NB7FE83IH6BW96 ↗
The National Bank of Kuwait Sakp group has 14 institutions in the directory, in 13 countries: all hold a BIC.
Including National Bank of Kuwait France SA, National Bank of Kuwait - Egypt, National Bank of Kuwait (International) PLC, National Bank of Kuwait S.A.K.P Bahrain Branch, National Bank of Kuwait.
See the National Bank of Kuwait Sakp group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- ABDULLAH SALEM STREET QIBLA SAFAT 13116 25507 KUWAIT
- Operational address
- BOUBYAN BANK (K.S.C.) ABDULLAH SALEM STREET QIBLA KUWAIT 13116 KUWAIT POB 25507 KUWAIT
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>BBYNKWKWXXX</BICFI>
<LEI>254900D1UAYOAUPGL280</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>BBYNKWKWXXX</BICFI>
<LEI>254900D1UAYOAUPGL280</LEI>
<Nm>BOUBYAN BANK (K.S.C)</Nm>
<PstlAdr>
<Ctry>KW</Ctry>
<AdrLine>ABDULLAH SALEM STREET QIBLA SAFAT 13116 25507</AdrLine>
</PstlAdr>
</FinInstnId>Swift’s two address fields do not agree on a town, so the full record gives the address as address lines only.
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: bankboubyan.com (official website) · original; Adel Abdul Wahab Al-Majed: bankboubyan.com (official website) · original; Abdulaziz Abdullah Dakheel Al-Shaya: bankboubyan.com (official website) · original; Mohamed Ibrahim Ismail: bankboubyan.com (official website) · original; Abdullah Abdulkareem Al-Tuwaijri: bankboubyan.com (official website) · original; Abdul-Salam Mohammed Al-Saleh: bankboubyan.com (official website) · original.
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