Kuwait Finance House (KFH) News - Mubasher Info
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06 April 12:02 PM

Kuwait Finance House (KFH`R)

Last update: 11:48 AM market time.
818.00
84.00
11.44%
Open 811.00
Previous Close 734.00
High 819.00
Low 811.00
Stock Statistics
Volume 5,776,063
Turnover 4,709,626.65
All data are 15 minutes late during market session

News

The purchase orders on KFH stood at 6.02 million shares
17 July 2018 10:27 AM Trading on KFH resumes; liquidity exceeds KWD 1m
Mubasher: Boursa Kuwait announced that trading on Kuwait Finance House’s (KFH) stock has resumed after it was suspended for an hour since Tuesday’s session started. By 10:05 am Kuwait time, KFH went up 0.48% or 3 fils to reach 628 fils. Liquidity …
Stock Evaluations
AUB has welcomed the MoU with AUB
17 July 2018 09:53 AM Boursa Kuwait suspends trading on KFH
Mubasher: Boursa Kuwait announced that the trading on Kuwait Finance House’s (KFH) shares will be suspended for an hour, as part of the procedures applied for the possible mergers and acquisitions. On Monday, KFH said it has called on Ahli United …
Markets Regulations
KFH calls on Bahrain’s AUB for possible merger
16 July 2018 04:37 PM KFH calls on Bahrain’s AUB for possible merger
Mubasher: Kuwait Finance House (KFH) has called on Ahli United Bank (AUB) to sign a memorandum of understanding (MoU) and information confidentiality agreement. The MoU calls for conducting a study and evaluation for a possible merger between the …
Mergers and Acquisitions
KFH’s rating is also backed by the large market share of the bank
16 July 2018 03:02 PM CI affirms KFH’s rating, Outlook “Negative”
Mubasher: Capital Intelligence (CI) has affirmed the financial strength rating (FSR) of Kuwait Finance House (KFH) at “BBB”, with a “Negative” outlook. This classification is enhanced by KFH’s control over the Islamic banking sector in Kuwait, CI …
Ratings
About 10.9 million shares of KFH’s were traded
11 July 2018 00:01 PM KFH stock records highest liquidity on Wednesday
Mubasher: The stock of Kuwait Finance House (KFH) registered the highest turnover by 11:27 am Kuwait time on Wednesday. KFH rose by 2.15% or 13 fils to reach 619 fils, the highest level in ten years. KFH’s liquidity amounted to KWD 6.7 million …
Stock Evaluations
This service in conjunction with the travel season
4 July 2018 03:01 PM KFH launches Int'l Toll Free Service in 6 states worldwide
Mubasher: Kuwait Finance House (KFH) has offered “International Toll Free Service” to its customers in six countries outside Kuwait without any additional fees. KFH’s new services will be offered to the customers in the US, the UK, Canada, France, …
Banking and Finance
The stock exchange is projected to receive another $412 million in December
2 July 2018 03:59 PM Boursa Kuwait likely to receive $412m inflows in September
Mubasher: EFG Hermes expected that Boursa Kuwait would receive cash inflows valued at $412 million after listing on the FTSE emerging markets index in September 2018. The stock exchange is projected to receive another $412 million in December, EFG …
Trading Activities
The credit classification of this sukuk program is at “A1” by Moody’s
20 June 2018 04:36 PM KFH gets Kuwait C.bank nod to $1bn sukuk issue
Mubasher: Kuwait Finance House (KFH) has obtained the final agreement by the Central Bank of Kuwait (CBK) of the first issue of $1 billion or less sukuk out of a total $3 billion sukuk financing program. KFH noted, in a bourse statement on …
Banking and Finance
12 June 2018 02:47 PM KFH sells KWD 557,000 equity in GIH
Mubasher: Boursa Kuwait announced that Capital Investment, affiliated to Kuwait Finance House’s (KFH) portfolio, has sold 32.78 million shares in Gulf Investment House (GIH) for a total value of about KWD 557,360. The average selling price in this …
Companies Investments
The rating was based on the standalone credit baseline assessment at “ba1"
11 June 2018 02:59 PM Moody’s places “A1” on KFH’s rating
Mubasher: Moody’s Investors Service has classified Kuwait Finance House’s (KFH) long-term deposits at “A1”, with a “Stable” Outlook. KFH noted that this rating was based on the standalone credit baseline assessment at “ba1”, with forecasts for the …
Ratings
Sanad still intends to acquire a strategic stake in GIH
11 June 2018 02:23 PM Sanad cancels deal with KFH on GIH’s stake
Mubasher: Sanad Holding Co announced that it has not reached an agreement with Kuwait Finance House (KFH) to purchase an equity of 20% in Gulf Investment House’s (GIH) capital. The company added that not reaching a final agreement with KFH means …
Companies Investments
Sanad has denied the news announced by Al Rai Newspaper on 27 May
29 May 2018 10:58 AM Sanad comments on acquiring KFH’s equity in GIH
Mubasher: Sanad Holding clarified that it has not signed a final agreement with Kuwait Finance House (KFH) to purchase the bank’s 20% stake in Gulf Investment House (GIH). Sanad has denied the news announced by Al Rai Newspaper on 27 May noting …
Management Decisions
KFH had signed a primary contract with Sanad
28 May 2018 11:13 AM KFH denies news on selling stake in GIH to Sanad
Mubasher: Kuwait Finance House (KFH) has denied the news published in a local newspaper on Sunday regarding a final agreement with Sanad Holding to sell KFH’s stake in Gulf Investment House (GIH) to Sanad, according to a bourse statement on …
Trading Activities
Fitch noted that the ratings apply only on senior unsecured sukuk certificates
24 May 2018 10:00 AM Fitch places provisional “A+/F1” to KFH’s sukuk programme
Mubasher: Fitch Ratings has assigned provisional “A+/F1” rating to Kuwait Finance House’s (KFH) $3 billion trust certificates programme of KFH Sukuk Company, as reported by Al Qabas Newspaper. The ratings assigned to these sukuk certificates are …
Companies Investments
These sukuk assets will form part of 'Wakala' and 'Murabaha' portfolios
22 May 2018 03:03 PM Moody's assigns provisional (P)A1 to KFH’s sukuk programme
Mubasher: Moody's Investors Service has assigned provisional (P)A1 senior unsecured long-term ratings, both foreign and local currency, to the $3 billion trust certificates program of KFH Sukuk Company, a special purpose vehicle incorporated in …
Ratings
The programme allows for issuance in multiple currencies
22 May 2018 02:39 PM KFH launches $3bn sukuk programme
Mubasher: Kuwait Finance House (KFH) has established an Islamic bonds programme with a total value of $3 billion, as reported by Reuters. This new programme would mark KFH’s largest foray into the market for sukuk. “KFH will issue the certificates …
Companies Investments
This decision will be effective starting from 8 May 2018
9 May 2018 01:32 PM KFH suspends dealing with S&P
Mubasher: Kuwait Finance House (KFH) decided to suspend its business with Standard and Poor's (S&P), an American financial services company. This decision will be effective starting from 8 May 2018, according to a bourse statement on Wednesday. …
Ratings
The bank's net financing revenues surged 38.2% to KWD 138.38 million during Q1-18
29 April 2018 03:11 PM KFH financing portfolio grows 3% in Q1 – Chairman
Mubasher: Kuwait Finance House's (KFH) financing portfolio rose 3% or KWD 280.9 million to KWD 9.497 million by the end of first quarter of 2018, chairman Hamad Abdulmohsen Al Marzouk said on Sunday. Kuwait's biggest Islamic lender also announced …
Financial Results
Net profits amounted to KWD 43.97 million in the three-month period ended March 2018
29 April 2018 11:03 AM KFH profit grows 14% in Q1-18
Mubasher: Kuwait Finance House (KFH) on Sunday posted a 13.9% year-on-year increase in its profits for the first quarter of 2018. Net profits amounted to KWD 43.97 million in the three-month period ended March 2018, compared to KWD 38.59 million …
Financial Results
The Islamic bank noted that the rating isn’t expected to affect its financial position
26 April 2018 01:45 PM S&P affirms KFH ratings at 'A-/A-2'; outlook 'Negative'
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. The Islamic bank noted that the …
Ratings
KFH has confirmed that its 53% share in Aref Investment Group is still offered for sale
11 April 2018 01:32 PM KFH says equity in Aref Investment is still for sale
Mubasher: Kuwait Finance House (KFH) has confirmed that its 53% share in Aref Investment Group is still offered for sale. KFH clarified that the purchasing proposals offered in the past period were not suitable for the bank to approve, according …
Companies Investments
The net lettable area of Menara Prestige tower amounts to about 500,000 square meter
9 April 2018 11:09 AM KFH to sell Menara Prestige for $194m
Mubasher: Kuwait Finance House (KFH) announced offering Menara Prestige tower, which is located in Kuala Lampur in Malaysia, for sale. The Kuwait-based firm is seeking to sell the grade A, 36-storey property with a value ranged between $181 …
Companies Investments
KFH has maintained its profitability and growth despite the challenges in the region
19 March 2018 02:36 PM KFH nods to FY17 dividends, bonus shares
Mubasher: The ordinary general meeting (OGM) of Kuwait Finance House (KFH) has approved the board’s recommendation to distribute 17% of capital as cash dividends for fiscal year 2017. The Islamic bank will pay 17 fils per share to the entitled …
Financial Results
Real estate deals in Kuwait hit KWD 2.5bn in 2017 – Report
3 March 2018 00:35 PM Real estate deals in Kuwait hit KWD 2.5bn in 2017 – Report
Mubasher: Total value of real estate transactions in Kuwait amounted to KWD 2.5 billion ($ 7.5 billion) in 2017, a report by Kuwait Finance House (KFH) revealed. There were 5,280 transactions which were implemented in Kuwaiti real estate sector, …
Companies Investments
Earnings of the total 60 firms declined to KWD 398.22 million ($1.33 billion) in Q4-17
26 February 2018 04:47 PM 60 listed firms post 5% decline in Q4-17 profits
By: Mohamad Farouk Mubasher: The income statements of 60 companies listed on Boursa Kuwait reported a decrease of 4.9% in profits during the fourth quarter of 2017 compared to the same quarter in 2016. Earnings of the total 60 firms declined to …
Financial Results