Kuwait Finance House (KFH`R)

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News

23 February 2017 03:20 PM Court orders KFH to repay KWD 12.07m

Mubasher: The Kuwaiti court has issued a ruling against Kuwait Finance House (KFH), ordering the bank to repay KWD 12.07 million ($39.4 million) to Anwar AL Khalij Real Estate, in addition to KWD 100 court costs, according to a bourse statement …

Law

31 January 2017 11:43 AM KFH posts 4.95% growth in Q4 profits

Mubasher: The financial statements of Kuwait Finance House (KFH) reported a growth of 4.95% in profits during the fourth quarter of 2016 as compared to the same period a year ago. Earnings increased to KWD 42.13 million ($137.72 million) in Q4-16 …

Cash Dividends

15 January 2017 03:12 PM KFH sees $11.4bn sukuk trading in 2016

Kuwait – Mubasher: Kuwait Finance House (KFH) has seen trading in the sukuk market worth $11.4 billion in 2016, said the company’s head of treasury Abdul Wahab Eissa Al-Rashood. KFH has achieved significant development last year through …

Companies Investments

5 January 2017 03:38 PM KFH raises stake in Al-Salam International Hospital

Kuwait – Mubasher: Kuwait Finance House (KFH) has raised its stake in Al-Salam International Hospital by 20.9% to total 76.1% from 55.23% through purchasing the stake owned by Yiaco Medical. The bank denied the news article published in a local …

Companies Investments

4 January 2017 09:13 AM KFH's representative resigns from Alafco's board

Kuwait – Mubasher: Aviation Lease and Finance (Alafco) said that Paul Quigley, the board member that represents Kuwait Finance House (KFH), resigned on 25 December, 2016. The resignation is due to personal reasons and has no impact on the …

Board of Directors

27 December 2016 02:59 PM KFH unit buys building in US

Kuwait – Mubasher: KFH Capital Investment Co, a subsidiary of Kuwait Finance House (KFH) has purchased a tower in New Jersey, US, for a value of $165 million. The acquisition is among a plan to invest in new assets, according to a recent …

Mergers and Acquisitions

19 December 2016 10:47 AM KFH denies report on property sale

Kuwait – Mubasher: Kuwait Finance House (KFH) has denied the article published in a local news saying that the bank and Kuwait Investment Authority (KIA) are in the process of selling land plots which are 50-50 owned by the two entities. The bank …

Companies Investments

19 December 2016 08:49 AM KFH denies acquisition of Bahrain's Ibdar Bank by Development Bank

Kuwait – Mubasher: Kuwait Finance House (KFH) said on Monday that it has not received any offers from Development Bank regarding Ibdar Bank Bahrain. The finance house added that up to date there are no negotiations around purchasing the bank and …

Mergers and Acquisitions

12 December 2016 10:00 AM Funding Kuwait Airways still in early stages – KFH

Kuwait – Mubasher: Kuwait Finance House (KFH) said that Kuwait Airways has requested a funding for purchasing and leasing a number of aircraft to boost its fleet. KFH noted that the financing request is still in the preliminary negotiations, the …

Banking and Finance

1 December 2016 02:23 PM Awj Holding restructures debts due to KFH

Kuwait – Mubasher: Awj Holding has signed a contract regarding the renewal and restructuring of the debts due to Kuwait Finance House (KFH), with a total of KWD 7.6 million ($24.9 million), according to a bourse filing issued on Thursday. The …

Corporate Actions

27 November 2016 00:12 PM KFH inks unit’s sale deal for KWD 18.72m

Kuwait – Mubasher: Kuwait Finance House (KFH) said that it has signed a contract for selling its subsidiary, KFH Capital Investment Co. The sale deal is worth KWD 18.72 million, covering 150 million shares which were sold to a number of investors, …

Companies Investments

23 November 2016 02:32 PM KFH to sell unit to investors

Kuwait – Mubasher: Kuwait Finance House (KFH) said it is in the final steps of signing a contract for selling KFH Capital Investment Co, the subsidiary of KFH, to a group of investors. On 15 February, 2016, the bank has signed a memorandum of …

Companies Investments

7 November 2016 09:04 AM KFH denies merger decision with AUB Kuwait

Kuwait – Mubasher: Kuwait Finance House (KFH) said it has not decided to merge with Ahli United Bank – Kuwait (AUB Kuwait), according to a bourse statement issued Monday. The bank is currently taking in consideration a number of strategic …

Mergers and Acquisitions

1 November 2016 06:51 PM KFH profits rise 20% in Q3

Kuwait - Mubasher: Kuwait Finance House (KFH) reported a growth in profits in the third quarter of 2016 by 20.42% thanks to the rise in operating revenues and the decrease in expenses. Profits increased to KWD 52.22 million ($172 million) in Q3-16 …

Financial Results

26 October 2016 00:16 PM CBK extends sale/buy 10% shares of KFH

Kuwait – Mubasher: Kuwait Finance House (KFH) said that the Central Bank of Kuwait (CBK) gave nod to extend the buy/sale approval for another six years. Effective on 20 October, CBK granted permission to the bank for extending the period of …

Banking and Finance

19 October 2016 00:06 PM Fitch affirms 11 Kuwaiti banks; upgrades 2 VRs; outlooks stable

Dubai - Mubasher: Fitch Ratings said it has affirmed its rating for 11 Kuwaiti banks. The rating agency affirmed National Bank of Kuwait's (NBK) Long-Term Issuer Default Rating (IDR) at 'AA-'. Fitch has also affirmed the Long-Term IDRs of Kuwait …

Ratings

28 September 2016 03:06 PM Diyar Al Muharraq signs $366m finance deal

Mubasher: Diyar Al Muharraq signed a Murabaha deal worth $366 million with a group of local banks including Al Salam Bank – Bahrain, Kuwait Finance House, Bank of Bahrain and Kuwait, and Al Baraka Islamic Bank of Bahrain, according to a bourse …

Companies Investments

22 September 2016 01:17 PM KFH still studies offers to sell Aref Group’s stake

Kuwait – Mubasher: Kuwait Finance House (KFH) said it still studies the offers it received from parties that are interested in buying its stake in Aref Investment Group. Aref is a diversified investment firm which is 53% owned by KFH and has share …

Companies Investments

17 August 2016 05:01 PM KSE banks sector's profits up 2.3% in Q2

By: Waleed Abdelsalam Kuwait - Mubasher: The total net profits of the banks listed on the Kuwait Stock Exchange (KSE) grew 2.3% in the second quarter of 2016, to KWD 219 million ($724.6 million) compared to KWD 214 million ($708 million) in the …

Financial Results

11 August 2016 00:36 PM KFH-Turkey records higher profits in H1

Kuwait – Mubasher: Kuwait Finance House in Turkey (KFH-Turkey) achieved a growth of 24.4% in profits during the first six months this year as compared to the same period last year. The bank’s earnings reached 256 million Turkish Lira ($86.44 …

Financial Results

8 August 2016 11:41 AM KFH denies takeover of United Bank of Egypt

Kuwait – Mubasher: Kuwait Finance House (KFH) has denied the news articles spread on a website regarding its plans to acquire The United Bank of Egypt. KFH’s policy includes acquiring banks across the region, including Egypt, along with the bank’s …

Mergers and Acquisitions

3 August 2016 10:51 AM CBK: Sum paid to KFH to impact results negatively

Kuwait – Mubasher: The Commercial Bank of Kuwait on Wednesday said that the sum it repaid to Kuwait Finance House (KFH) will negatively affect its third quarter results, according to a bourse filing. The Kuwaiti Court of Cassation issued a ruling …

Law

2 August 2016 03:50 PM CBK repays KWD 44.5m to KFH

Kuwait – Mubasher: Kuwait Finance House (KFH) announced collecting a KWD 44.5 million cheque withdrawn from a local bank, representing a repayment of a court ruling including legal expenses. The cashed amount will be used to support the bank’s …

Law

26 July 2016 01:57 PM KFH to sell 53% stake in Aref Investment Group

Kuwait – Mubasher: Kuwait Finance House (KFH) said on Tuesday that its board agreed on selling a 53% stake in Aref Investment Group. The approval for selling KFH’s stake in Aref was due to displaying the company’s assets and liabilities as …

Board of Directors

26 July 2016 01:33 PM KFH posts 13.3% rise in Q2 profits as revenues, provisions up

Kuwait – Mubasher: Kuwait Finance House (KFH) recorded profits worth KWD 36.78 million ($121 million) in the second quarter of 2016, 13.3% higher from KWD 32.45 million ($106.7 million) posted in the same period in 2015. During the first half of …

Financial Results