Three companies that own shares in Kuwait International Bank (KIB) and keep those shares in custody portfolios with Arab Investment Company transferred those shares directly to their names on Tuesday. According to a statement sent today, Thursday, by Kuwait International Bank sent to Boursa Kuwait, Al-Huda Hotels and Tourism Company owns a custody portfolio with Arab Investment Company where 25.94 million of KIB shares were transferred from that portfolio directly to “Al-Huda”, the principal owner of the shares.
Warba General Trading and Contracting Company also transferred 47.39 million of KIB shares from the custody portfolio at Arab Investment Company directly to its name as the principal owner of the stock.  
According to the statement, Al-Nujoom Real Estate Company, which holds a custody portfolio with Arab Investment Company, transferred 5.11 million of KIB shares from that portfolio to "Al-Nujoom" as the principal owner.
It is worth noting that Bukhamseen Group Holding Company owns 36.073% of KIB shares, through its associates, subsidiaries and partners.  
Bukhamseen Group Holding Company directly owns 50% of Al-Huda Hotels and Tourism Company’s shares, 99% of Warba’s shares and 99% of Al-Nujoom Real Estate Company’s shares.
The statement pointed out that Raed Jawad Bukhamseen is a board member at Bukhamseen Group Holding Company, and the Vice Chairman and CEO of Kuwait International Bank, while Anwar Jawad Bukhamseen is a board member in "Bukhamseen Group" and KIB.
Kuwait International Bank’s profits dropped in the third quarter of last year by 50.1%, to about KWD 784,190, compared to KWD 1.57 million in the third quarter of 2021.