Sun 26 Sep 2010 07:52 AM
Adel Abdul Wahab Al Majed

Adel Abdul Wahab Al Majed

Industry: Banking & Finance

Country: Kuwait


Boubyan Bank


Boubyan recorded net profit of $10.5m in the first half of this year, compared to a loss of $41m in the year-earlier period. That means each of its 650 employees is bringing in an average of $16,154, which is sure to please MD Adel Abdul Wahab Al Majed, even as he strives for greater things from Boubyan.

The bank was established in 2004 with a paid-up capital of $347m, and today 76 percent of its shareholders are Kuwaiti nationals.