Sunday 7 February 2016
 
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Kuwait Finance House

KFH posts $480m net profit for 2015

Kuwait Finance House (KFH) posted a net profit of KD145.8 million ($479.8m) for the fiscal year 2015 compared with KD126.5 million for 2014, an increase of 15.3 per cent, a report said. Earnings per share increased to reach 31.1 f

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Top Qatari lender in talks to buy KFH's Malaysia unit

Qatar National Bank (QNB), the largest bank in the Gulf region, is in preliminary talks to buy Kuwait Finance House's (KFH) Malaysia unit, the Qatari lender said on Thursday. No agreements had been reached over a potential dea

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KFH pivots to Turkey as it mulls Malaysia exit

Kuwait Finance House (KFH) is exploring the possible sale of assets including its Malaysia unit, as the Islamic lender looks for a leaner structure while seeking greener pastures through its Turkey franchise. Kuwait's second l

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KFH Q4 net profit up 35.8pc to $123m

Kuwait Finance House (KFH), the Gulf State's largest sharia-compliant bank by assets, reported a 35.8 per cent jump in fourth-quarter net profit on Monday, according to Reuters calculations. Kuwaiti banks have had firm to stro

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KFH's Turkey unit gets $350m Islamic loan

Kuwait Finance House (KFH), the country's largest lender, said its Turkish subsidiary has secured a $350 million syndicated Islamic loan. The dual-currency murabaha transaction for Kuveyt Turk was arranged in two tranches, one

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GFH obtain $105 m facility from KFH

Bahrain's Gulf Finance House (GFH) said on Wednesday that it had signed to obtain a $105 million, five-year Islamic credit facility from Kuwait Finance House (KFH), which would help GFH redeem two syndicated debt facilities and allow the rel

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KFH-Bahrain staff get key UK certificate

Kuwait Finance House - Bahrain (KFHB) said two of its employees have been awarded certificates for successfully completing the International Trade Finance (CITF) programme from the Institute of Financial Services, UK, after attending a preparato

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KFH opens new branch in Bahrain

Kuwait Finance House-Bahrain (KFH-Bahrain) has opened its 10th branch in the country in Arad, to cater to a rapid expansion of customers. The Islamic retail bank's top officials said they are keen to further expand its presenc

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KFH CEO to leave on May 1

The chief executive of Kuwait Finance House, the Gulf state's largest Islamic lender, will step down from May 1, the company said on Sunday. Mohammed Al-Omar has asked to resign and will retire from the beginning of next month

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Kuwait Finance House CEO steps down

The chief executive of Kuwait Finance House, the Gulf state's largest Islamic lender, has stepped down, two company sources said on Thursday. Mohammed al-Omar's resignation as CEO is linked to wider management changes at K

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