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KFIC in deal for $4.9bn debt collectionKuwait Finance and Investment Company (KFIC) has reached an agreement with some of the non-regular customers to repay their debts entirely, the company’s CEO said, adding that such debts amount to about KD1.5 million ($4.9 billion). More… |
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Kuwait Finance re-schedules $68m loanKuwait Finance and Investment Company (KFIC) has changed the terms of its existing loans amounting to KD20.6 million ($68 million), said Saleh Yacoub Al-Homaizi, the company’s chairman. Annual payments have also been reduced More… |
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Bahrain firms 'to see earnings grow 10pc'Kuwait Financial Centre (Markaz) expects earnings of Bahrain companies to grow by 10 per cent this year, it said in a report based on a study of over 650 companies across GCC. Markaz said it sees strong earnings growth of 12 per c More… |
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KFH-Bahrain launches Web payment channelKuwait Finance House – Bahrain, a leading provider of Islamic banking services, has launched a new Web-based pay channel on the e-banking website that allows its clients to pay credit card dues. This new service allows KFH-B More… |
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KFH Q4 profit falls 29pc, misses forecastsQuarterly profit at Kuwait Finance House (KFH), the Gulf state's biggest Islamic lender, fell 29.2 percent, missing analysts' forecasts. The lender made 8.7 million dinars ($31.13 million) in the three months to More… |
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Kuwait Finance CEO resignsKuwait Finance and Investment Company on Monday said its chief executive, Sana Alladin Goma, has resigned. The statement to the Dubai Financial Market did not give the reason why Goma quit, but it said the resignation, effective June 13, w More… |
