- Provides continues updates on the bank’s shares performance and profitability data
- The platform supports the bank’s transparency vision to provide the investors and other stakeholders with adequate information
Kuwait: Warba Bank took the extra-mile as being the digital leading bank and launched its latest digital service “Warba Bank Investors’ Relations Platform”, through which it will provide investors with all necessary information related to the bank’s financial and operational as well as shares’ performance. Available on both, the bank’s smartphones’ app and website, the launch of the “Investor Relations” platform gives Warba Bank the exclusivity as being the first Kuwaiti bank to introduce this platform as a smart phone app. Warba’s IR platform is the newest service to be added to the bank services’ portfolio targeting investors; It comes in-line with the CBK regulations, Kuwait Capital Markets Authority and related entities, inviting Kuwaiti banks to reinforce transparency measures in their relations with investors by providing around the clock, accurate and reliable data. Today and through their smart phones or the web, Warba Bank’s investors have the chance to keep abreast with the latest news of the bank’s financial and operational update.
The new platform provides interactive screens that enable the investor to obtain an accurate result about share price changes with specified period.;. This new feature is also available in the “Financial Results” and “Share Price History” tabs. The new platform provides another new feature under “Investments’ Calculator”tab, which enabling investors to calculate the exact return on invested capital during a specific period according to spot market price per share. Investor will only need to enter either the total invested amount investment’s value or the total number of shares acquired. Moreover, investors can go through the latest updates on the bank’s activities including but not limited to: Analysts’ quarterly conference call, Sukuk issuance, bank’s credit ratings and others. All these features will be available under sub-screen “News & Advertisement”
“In line with the regulations issued by the Central Bank of Kuwait, the Capital Market Authority and relevant authorities combined to our sense of responsibility towards our investors, Warba Bank provides “Investors Relations " as a secured platform offering qualitative and quantitative information with transparency and credibility on the financial, economic and social performance of the bank; it will enable our investors to stay informed of all developments related to the bank’s operations while enhancing communication’s platforms as per Mr. Khaled Hafez Chief Financial Officer in Warba Bank.
Hafez added: “Warba Bank has earned its leading reputation among the Kuwaiti business community, as being one of the Islamic banks that has succeeded to create a business model combining between the Sharia laws and the offerings of value-added Islamic banking products and services that achieve the highest returns on customer banking transactions. Warba’s leading position exceeds the local market to reach international markets though its achievements of various unique transactions such as Sukuk issuance as well as capital increase, which contributed to the expansion and diversification of our investors base. As a result, We believe that the “Investors Relations” platform will positively contribute to the bank’s position in the market as well as enrich the credibility towards our current and potential investors, as we continue provide them with updates about investment status with us through this modern, flexible &user-friendly mean”.
It is worth mentioning that the "Warba Bank IR" goes beyond providing qualitative and quantitative information about the financial performance to include also the latest news, updates and events carried out by Warba Bank in accordance with the governance, follow-up on the latest share price developments , dates of the general assembly, financial and analytical results, share performance, periodic disclosures, and the latest news of interest to investors. The portal is also available in both Arabic and English languages for smooth usage for non-Arabic speakers who can also share their queries via the platform.
© Press Release 2019