Kuwait Finance House (KFH) News - Mubasher Info
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09 April 01:24 PM

Kuwait Finance House (KFH`R)

Last update: 01:13 PM market time.
833.00
99.00
13.49%
Open 828.00
Previous Close 734.00
High 833.00
Low 825.00
Stock Statistics
Volume 15,701,100
Turnover 13,033,867.65
All data are 15 minutes late during market session

News

Al Enmaa’s stocks will resume trading
3 December 2019 01:39 PM Al Enmaa Real Estate rebuffs news of takeover bids
Mubasher: Al Enmaa Real Estate Company dismissed news that it received any acquisition proposals from strategic investors, according to its statement to Boursa Kuwait. Kuwait Financial House’s (KFH), Al Enmaa’s main stakeholder, also did not …
Real estate
Photo Archive
5 November 2019 02:05 PM KPC obtains KWD 350m financing from local banks
Mubasher: The National Bank of Kuwait (NBK) and the Kuwait Finance House (KFH) have jointly managed and issued a KWD 350 million ($1.2 billion) financing to the Kuwait Petroleum Corporation (KPC). The two banks were chosen by KPC to manage …
Sukuk and Islamic Finance
Part of the signing ceremony
29 October 2019 04:22 PM Kuwait Finance House inks agreement with Hassan Abul
Mubasher: Kuwait Finance House (KFH) has signed a cooperation agreement with Hassan Abul Company to provide the company’s customers with financial benefits and solutions, according to a company statement released on Tuesday. The agreement comes in …
Banking and Finance
The new e-branch is the first of a kind in Kuwait
27 October 2019 11:57 AM KFH launches 9th “KFH-Go” in Shuwaik
Mubasher: Kuwait Finance House (KFH) has launched the ninth digital self-banking station 'KFH-GO' at KFH auto showroom in Shuwaikh, in the presence of the governor of the Capital Governorate, Sheikh Talal Al Sabah, and KFH’s CEO, Mazin Al Nahedh. …
Companies Investments
EPS soared by 12.6% to 27.67 fils in 9M-19
21 October 2019 11:06 AM KFH registers 12% higher profits in Q3-19
Mubasher: The interim financial statements of Kuwait Finance House (KFH) showed a 12.1% year-on-year increase in profits during the third quarter of 2019.    The net profits attributed to shareholders increased to KWD 82.83 million ($273.73 …
Company News
KFH invests in a group of Egyptian companies
19 October 2019 05:12 PM Kuwait Finance House to increase investments in Egypt
Cairo – Mubasher: Kuwait Finance House (KFH) is intended to increase investments in Egypt in the coming period, chairman Hamad Al Marzouk stated on Saturday, according to Akhbar el-Yom newspaper. Al Marzouk commended measures taken by the Egyptian …
Macroeconomics
Al Imtiaz Investment will appeal against the decision
17 October 2019 00:50 PM Kuwaiti court obliges Al Imtiaz Investment to pay KWD 4m to KFH
Mubasher: Kuwait's Court of Appeal has issued a ruling in favour of Kuwait Finance House (KFH) against Al Imtiaz Investment Group regarding a financial claim worth KWD 4.147 million. The court obliged Danat Al Khor Holding Co to pay KWD 4.147 …
Company News
The board advised the OGM and EGM to assemble
14 October 2019 03:47 PM KFH's board recommends full acquisition of AUB Bahrain
Mubasher: The board of Kuwait Finance House (KFH) recommended to the ordinary general meeting (OGM) to fully acquire the shares of Ahli United Bank – Bahrain (AUB Bahrain). The board advised the bank’s OGM and the extraordinary general meeting …
Company News
KFH inaugurated the fourth digital self-banking station
13 October 2019 00:09 PM KFH launches fourth 'KFH-Go' in Sabah Al Ahmad City
Mubasher: Kuwait Finance House (KFH) inaugurated the group’s fourth digital self-banking station, KFH-Go, for the first time in Sabah Al Ahmad Co-op, area (B). The new e-branch in Al Ahmadi Governorate works around the clock, totally unmanned, and …
Companies Investments
KFH has not made any official acquisition offer yet
13 October 2019 10:02 AM Bahrain C. bank's nod to KFH takeover not made yet - AUB Bahrain
Mubasher: Ahli United Bank – Bahrain (AUB Bahrain) said that no official approval has been issued yet by the Central Bank of Bahrain (CBB) regarding the proposed acquisition by Kuwait Finance House (KFH). Additionally, KFH has not made any …
Mergers and Acquisitions
KFH will become the sixth-largest lender in the GCC after merger
9 October 2019 11:42 AM KFH receives C.bank’s approval to merge with AUB Bahrain
Mubasher: Kuwait Finance House (KFH) has received the approval of the Central Bank of Kuwait (CBK) concerning the full acquisition of Ahli United Bank – Bahrain (AUB Bahrain). The approval is subject to the completion of some detailed requirements …
Banking and Finance
KFH Group booth
6 October 2019 04:17 PM KFH Group takes part in Sibos 2019 event in London
Mubasher: Kuwait Finance House Group (KFH Group) has participated in Sibos 2019 conference that was held in London, the UK, over four days where 83 entities took part from 32 countries. During this year’s conference that gathers up global banks, …
Event
Viability Rating was affirmed at 'bb+'
2 October 2019 04:12 PM Fitch affirms Kuwait Finance House’s A+ IDR
Mubasher: Fitch Ratings has affirmed Kuwait Finance House's Long-Term Issuer Default Rating (IDR) at 'A+', with a stable outlook, according to a bourse statement released on Wednesday. The rating agency also affirmed the company’s Viability Rating …
Banking and Finance
Customers will not have to visit a branch to deposit cheques
2 October 2019 04:01 PM KFH launches 1st mobile cheque deposit service in Kuwait
Mubasher: Kuwait Finance House (KFH) announced the launch of the mobile cheque deposit service to customers, the first of its kind in Kuwait, in collaboration with software development company ProgressSoft. The new service allows customers to …
Banking and Finance
There is no financial impact on KFH Group’s financial position
29 September 2019 04:20 PM KFH-Turkey receives request to write off bad debts
Mubasher: Kuwait Finance House (KFH) has reported further developments regarding the article published on 19 September 2019 in Al Jarida Newspaper on Turkey asking banks to write off bad loans. In this regard, KFH affirms that its unit in Turkey, …
Banking and Finance
Kuwaiti dinars
24 September 2019 03:13 PM KFH Capital REIT may receive KWD 25m capital as 1st tranche – CEO
Mubasher: KFH Capital REIT is expecting KWD 25 million ($82.5 million) worth of capital as a first tranche, CEO of KFH Capital, Abdulaziz N. Al Marzooq, said during an interview with CNBC Arabiya. All of KFH Capital REIT’s assets are income …
Real estate
KFH Capital plans to list its REIT unit on Boursa Kuwait
23 September 2019 01:01 PM KFH Capital offers first REIT in Boursa Kuwait with KWD 100m capital
Mubasher: KFH Capital, the investment arm of Kuwait Finance House (KFH), announced the launch of the first real estate investment trusts (REITs) to be traded on Boursa Kuwait under the name of KFH Capital REIT. KFH Capital REIT will have a fixed …
Company News
Al Jarida’s news will not affect KFH Group’s financial position
22 September 2019 04:45 PM KFH responds to “Turkey asks banks to write off bad loans” news
Mubasher: Kuwait Finance House (KFH) has announced its response regarding the article published on 19 September 2019 in Al Jarida Newspaper on Turkey asking banks to write off bad loans. In this regard, KFH emphasised that its KFH-Turkey enjoys a …
Banking and Finance
CEO of KFH - Mazin Saad Al Nahedh
22 September 2019 04:06 PM KFH denies CEO’s resignation
Mubasher: Kuwait Finance House (KFH) denied the recent rumours concerning the resignation of its CEO Mazin Saad Al Nahedh from his position. KFH further emphasised that such allegations are “baseless and entirely incorrect”, according to a …
Board of Directors
KFH-Turkey logged a net profit of TL 601 million in H1
19 September 2019 05:40 PM KFH-Turkey’s liquidity, capital ratios exceed requirements
Mubasher: Kuwait Finance House Turkey (KFH-Turkey) holds a strong financial position as well as robust liquidity ratios in line with the regulatory requirements in Kuwait and Turkey as well as the international standard Basel III, KFH Group’s CEO …
Banking and Finance
Government sector deposits levelled up by 4.5%
18 September 2019 02:31 PM Kuwait’s total bank deposits rise 1.2% YoY in July
Mubasher: Total deposits at Kuwait-based banks grew by 1.2% year-on-year to KWD 43.6 billion in July, declining by 0.9% month-on-month. Kuwait’s bank credit increased by 4.2% to reach KWD 37.8 billion in July, Kuwait Finance House (KFH) reported …
Macroeconomics
The exchange ratio is about 2.326 shares of AUB Bahrain for a share of KFH
15 September 2019 02:29 PM AUB Bahrain approves exchange ratio of merger with KFH
Mubasher: Ahli United Bank – Bahrain (AUB Bahrain) accepted the conclusions contained in the due-diligence review and valuation reports, and approved the share exchange ratio with Kuwait Finance House (KFH) by approximately 2.326 shares of AUB …
Management Decisions
KFH shares have increased by 27% to 707 fils
15 September 2019 01:40 PM KFH offers to buy AUB Bahrain for $8.8bn – Bloomberg
Mubasher: Kuwait Finance House (KFH) has offered to buy Ahli United Bank – Bahrain (AUB Bahrain) in an all-share deal that is valued at about $8.8 billion, Bloomberg reported. The Kuwaiti lender plans to issue 1 share for every 2.325581 shares of …
Banking and Finance
The final decisions will be subject to the approval concerned parties
12 September 2019 05:17 PM KFH approves exchange ratio of merger with AUB Bahrain
Mubasher: The board of directors of Kuwait Finance House (KFH) approved the advisors’ reports and due-diligence review results, in addition to the final exchange ratio between the shares of KFH stock and Ahli United Bank – Bahrain (AUB Bahrain) by …
Management Decisions
The license will be valid for three years
10 September 2019 07:00 PM CMA grants KFH subscription agent license
Mubasher: Kuwait Finance House (KFH) has received the approval of Kuwait’s Capital Market Authority (CMA) for a subscription agent license. The license will be valid for a renewable three-year term, according to a bourse statement released on …
Trading Activities