Kuwait Credit Information Network Company (CiNet) announced achieving net profits of 2.73 million Kuwaiti Dinars for the financial year ended September 30, 2024, with total revenues reaching 5.69 million Dinars, contributing to increasing shareholders' equity to 22.27 million Dinars.

These results were revealed during the company's 25th annual general assembly meeting, where financial achievements and strategic milestones were reviewed. To enhance the company's capital base, the Board of Directors recommended not distributing cash dividends to shareholders, in line with the strategic plan aimed at increasing the capital to reach 25 million Dinars.

In this context, Chairwoman of "Cinet," Alia Al-Humaidi, stated: "Cinet has demonstrated its ability to achieve sustainable growth, reflecting the strength of its strategy and its resilience in adapting and excelling. This performance is driven by expanding our services and renewing our products to keep pace with continuous changes in the financial landscape."

For her part, CEO of "Cinet," Mai Al-Owaish, noted: "Our focus on financial technology innovations, coupled with enhanced cybersecurity capabilities, has made us a trusted partner in this field. Furthermore, the launch of new products by "Cinet" reflects our commitment to excellence in services, seizing opportunities, and our ongoing commitment to meeting our clients' needs.