Kuwait Finance House (KFH) News - Mubasher Info
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04 June 08:07 PM

Kuwait Finance House (KFH)

Last update: 10:07 AM market time.
2.48
0.02
0.81%
Open 2.48
Previous Close 2.46
High 2.48
Low 2.48
Stock Statistics
Volume 7,399
Turnover 6,922.82
All data are 15 minutes late during market session

News

These offers are still under study
19 September 2017 04:36 PM KFH denies receiving final deal on stake in Aref
Mubasher: Kuwait Finance House (KFH) is still receiving different offers from local and international investors to purchase the bank’s stake in Aref Investment Group. KFH clarified that these offers are still under study, according to a bourse …
Companies Investments
Several news stories were published on the possibility of a merger between KFH and AUB
18 September 2017 10:28 AM Boursa Kuwait suspends trading on 3 banks
Mubasher: Boursa Kuwait suspended trading on Kuwait Finance House (KFH), Ahli United Bank (AUB), and AUB Kuwait until the banks comment on a recent published news, according to a bourse filing. Several news stories were published on the …
Companies Investments
The stock’s trading volume reached 7.31 million shares
15 August 2017 11:32 AM KFH hits highest level in 29M
By: Mohamad Farouk Mubasher: The stock of Kuwait Finance House (KFH) on Tuesday recorded its highest level in 29 months, rising by 1.23% or 7 fils to reach 574 fils by 10:38am Kuwait time. KFH’s rise backed the banks segment to top the gainers …
Stock Evaluations
The merger would be credit positive for KFH
25 July 2017 07:40 PM KFH-AUB merger is credit positive for KFH – Moody’s
Kuwait – Mubasher: A merger between Kuwait Finance House (KFH) and Bahrain-based Ahli United Bank (AUB) is likely to result in “considerable integration challenges”, according to Moody’s. Such challenges are likely to arise owing to the two banks’ …
Mergers and Acquisitions
KFH is considering expanding in China and Egypt
25 July 2017 05:49 PM KFH mulls China, Egypt expansions – CEO
Kuwait - Mubasher: Kuwait Finance House (KFH) is planning to expand in China and Egypt as the region’s banking sector nears saturation, The National reported, citing CEO Mazin Al Nahedh as saying. KFH, the GCC’s tenth-largest lender, is planning …
Companies Investments
CI forecast KFH a stable outlook and a consecutive improvement of its asset quality and profitability metrics in 2017- 18
20 July 2017 02:22 PM Capital Intelligence affirms KFH rating
Kuwait – Mubasher: Capital Intelligence Ratings (CI) on Thursday announced that it has affirmed the financial strength rating (FSR) of Kuwait Finance House (KFH) at 'BBB'. CI gave KFH a stable outlook and forecast a consecutive improvement of its …
Ratings
Photo Archive
16 July 2017 10:05 PM KFH is world’s biggest in Sukuk issuance - Chairman
Kuwait - Mubasher: The chairman of Kuwait Finance House (KFH) said that the group is the biggest Sukuk issuer in the world, as demand is rising on the sharia-compliant product. Hamad Abdulmohsen Al Marzouk added in a statement issued on Sunday …
Sukuk and Islamic Finance Global Indices
The increase in Q2 profits is attributed to a growth of 2.7% in net finance income
16 July 2017 02:57 PM KFH profits grow 17% in Q2
Mubasher: Kuwait Finance House (KFH) achieved a growth of 17.1% in profits during the second quarter of fiscal year 2017 as compared to the same period a year ago. The bank’s earnings increased to KWD 43.06 million ($141.89 million) in Q2-17 from …
Financial Results
NBK is forecast to post about KWD 163 million in profits
6 July 2017 01:42 PM NBK, KFH likely to record higher profits in H1 - Analyst
By: Mohammad Farouk  Mubasher: The National Bank of Kuwait (NBK) and Kuwait Finance House (KFH) are expected to register higher profits in the first half of fiscal year 2017, capital market analyst Ahmad Jassim Al Qomar said. NBK is forecast to …
Financial Results
One of AUB's branches
30 May 2017 11:04 AM AUB denies acquisition talks with KFH
Kuwait – Mubasher: Bahrain’s Ahli United Bank (AUB) did not make any announcements regarding holding negotiations with Kuwait Finance House (KFH) to buy the bank, according to a statement. A person familiar with the matter had told Bloomberg on 29 …
Corporate Actions
KFH's acquisition may result in one of the largest Islamic banks in the Middle East
29 May 2017 01:31 PM KFH in talks to acquire Bahrain’s AUB
Kuwait – Mubasher: Kuwait Finance House (KFH) is currently negotiating to acquire Bahrain’s Ahli United Bank (AUB), a person familiar with the matter told Bloomberg on Monday. If completed, the acquisition will result in one of the largest Islamic …
Mergers and Acquisitions
Photo Credit: Arabianeye-Reuters
21 May 2017 08:57 AM KFH denies merger with AUB
Kuwait – Mubasher: Kuwait Finance House (KFH) has denied the recent news published regarding its merger with Ahli United Bank (AUB), according to Boursa Kuwait statement on Sunday. Kuwait's KFH is considering a number of strategic options to …
Companies Investments
Photo Credit: Arabianeye-Reuters
18 May 2017 00:13 PM Kuwait’s banks post higher profits in Q1-17
By: Eman Ghaly Kuwait – Mubasher: The banks sector listed on Boursa Kuwait reported a growth of 6% in profits during the first quarter of 2017 as compared to the same period in the prior year. The twelve-bank segment posted profits worth about KWD …
Sector Reports
(Photo archive)
10 May 2017 05:42 PM KFH-Turkey reports 21% rise in Q1 profits
Kuwait – Mubasher: Kuwait Finance House Turkey (KFH-Turkey) reported a profit increase by 21.3% for the first quarter of 2017 to reach $42 million. Kuwait Financial House (KFH) owns around 62.24% of the Turkish bank shares, according to Kuwait …
Financial Results
(Photo Credit: Bank's previous statement)
25 April 2017 09:10 AM KFH profits rise to KWD 39m in Q1
Kuwait – Mubasher: Kuwait Financial House (KFH) on Tuesday reported a profit increase by 13.2% for the first quarter of 2017, compared to the same period of 2016. The bank’s profits reached KWD 38.59 million ($126.48 million) in Q1-17, compared to …
Financial Results
Photo Credit: Arabianeye-Reuters
20 April 2017 05:03 PM Boursa Kuwait sees $1.2bn M&A deals in Q1
By: Eman Ghaly Mubasher: The first quarter of 2017 saw 13 merger and acquisition (M&A) deals executed at Boursa Kuwait, with a total value of KWD 366.23 million ($1.2 billion). These M&A deals included Adeptio AD Investments SPC’s compulsory …
Mergers and Acquisitions
Photo Credit: Arabianeye-Reuters
20 April 2017 00:51 PM S&P affirms KFH credit rating
Mubasher: Kuwait Finance House (KFH) said that Standard & Poor's Financial Services (S&P) has affirmed the bank’s long- and short-term credit ratings at "A-" and "A-2", respectively, with a "Negative" outlook. In a bourse statement issued on …
Ratings
(Photo credit: Arabianeye - Reuters)
19 April 2017 11:40 AM KFH stock down to 3M low
Kuwait – Mubasher: The shares of Kuwait Finance House (KFH) declined in Wednesday’s mid trading by 1.9% or 10 fils to 520 fils, its lowest level since three months. By 11:30 am Kuwait time, the stock made the highest turnover of KWD 2.88 million, …
Trading Activities
Photo Credit: Arabianeye-Reuters
18 April 2017 05:19 PM Kuwait credit value rises 3.3% in February
Mubasher: The banks in Kuwait posted a growth of 3.3% in credit value at KWD 34.4 billion in February; the lowest credit growth in five years, according to a recent report issued by Kuwait Finance House (KFH). The granted loans edged up by 0.6% in …
Macroeconomics
Photo Credit: Arabianeye-Reuters
18 April 2017 02:55 PM KFH unit in Turkey relocates to Bahrain
Mubasher: The leading subsidiary of Kuwait Finance House (KFH) in Turkey, Kuwait Turkish Participation Bank (Kuveyt Turk), on Tuesday announced the relocation of its Gulf operations and staff to Bahrain. Following this move, Kuveyt Turk Bank will …
Corporate Actions
Photo Credit: Arabianeye-Reuters
16 April 2017 00:34 PM Kuwait inflation rises in February – KFH
Mubasher: The inflation in Kuwait went up to 3.2% in February 2017 as compared to 3.1% in the same month of the prior year, according to a recent report issued by Kuwait Finance House (KFH). The consumer price index (CPI) posted 144.3 points in …
Macroeconomics
DIB’s sukuk offering attracted more than $2 billion (Photo Credit: KFH Capital Press Release)
10 April 2017 02:04 PM KFH Capital participates in DIB & Hong Kong’s sukuk issues
Kuwait – Mubasher: KFH Capital, a fully owned subsidiary of Kuwait Finance House Group (KFH-Group) acted as joint lead manager and book runner for Dubai Islamic Bank’s (DIB) $1 billion benchmark sukuk issue, under DIB's $5 billion Sukuk Programme. …
Sukuk and Islamic Finance
KFH headquarter (Photo Credit: Bank Website)
26 March 2017 10:58 AM KFH exits unit for KWD 5.6m
Kuwait – Mubasher: Kuwait Finance House (KFH) has signed a deal on Thursday to sell its 80%-stake in Public Services Co for KWD 5.6 million ($18.35 million), according to a statement. The deal’s impact will be reflected in the consolidated …
Companies Investments
Photo Credit: Press Release
20 March 2017 07:58 PM KFH to distribute dividends, bonus shares
Kuwait - Mubasher: The general assembly of Kuwait Finance House (KFH) approved the distribution of cash dividends to shareholders at 17 fils per share, representing 17% of the company’s capital. The bank added in a statement to Boursa Kuwait on …
Corporate Actions
Photo Credit: Arabianeye-Reuters
20 March 2017 09:29 AM KFH to discuss FY16 cash dividend, bonus
Mubasher: Kuwait Finance House (KFH) will hold its ordinary general meeting (OGM) on Monday to overview the board’s recommendation of distributing 17% cash dividends and 10% bonus shares for fiscal year 2016. The company’s proposal includes a cash …
Cash Dividends