Kuwait Finance House (KFH)

Mubasher: The National Bank of Kuwait (NBK) and Kuwait Finance House (KFH) have signed a credit facility agreement worth KWD 1 billion with Kuwait Petroleum Corporation (KPC) to fund the KPC's capital expenditure. Under the agreement, the KFH …

Mubasher: Kuwait Finance House (KFH) has received a letter from the Central Bank of Kuwait (CBK) on Tuesday, 5 May, requesting KFH to conduct a comprehensive reassessment of its acquisition of Bahrain’s Ahli United Bank (AUB). The reassessment …

Mubasher: Kuwait Finance House (KFH) has rescinded the contract of the bank’s CEO Mazin Saad Al Nahedh effective Monday, 4 May, without a notice period. The board assigned Ahmad Saud Al Kharji to assume the duties and responsibilities of the CEO …

Mubasher: The general assembly of Kuwait Finance House (KFH) on Monday approved the proposed cash dividend distribution of 20 fils per share or 20% of the share’s nominal value for the fiscal year (FY) 2019. A bonus share distribution of 10% of …

Mubasher: The board of directors of Ahli United Bank (AUB) has approved suspending all acquisition offer procedures in Kuwait and Bahrain until December 2020 in coordination with Kuwait Finance House (KFH). The decision was subject to the Central …

Mubasher: Kuwait Finance House (KFH) has amended the timeline applicable to its acquisition offer of Bahrain’s Ahli United Bank’s (AUB) total issued share capital in response to Kuwait’s decision to suspend work in public entities until 12 April, …

Mubasher: The real estate sector in Kuwait has continued its positive trajectory that started four years ago, as it recorded sale transactions worth KWD 3.7 billion in 2019, signalling the second-highest level since 2015.      Last year’s value …

Mubasher: Kuwait Finance House (KFH) announced that the initial offering of its acquisition offer for 100% of Ahli United Bank (AUB) capital shares will begin on 26 March 2020 until 15 April 2020, and could be extended.  The acquisition is set to …

Mubasher: Kuwait Finance House (KFH) has submitted the document for its acquisition offer for 100% of Ahli United Bank (AUB) capital shares. The step comes in line with the requirements of the regulatory authorities in Kuwait and …

Mubasher: Kuwait Finance House (KFH) intends to change the name of Ahli United Bank (AUB) to Kuwait Finance House – Bahrain (KFH Bahrain) following the merger once the bank determines the proper timing. AUB will continue to operate normally and …

Mubasher: Kuwait Finance House (KFH) has submitted a letter of intent to Ahli United Bank (AUB) in regards to its proposed full takeover of AUB’s shares, in compliance with the requirements of regulatory authorities in Bahrain and Kuwait.    The …

Mubasher: Kuwait Finance House (KFH) has entered into a strategic partnership with LinkedIn to promote its presence on the professional social network. The partnership will enable KFH to utilise the network’s large-scale suite of benefits, …

Mubasher: Kuwait Finance House’s (KFH) sustainable profits accounted for 97% of the total profits recorded in 2019, compared to 92% in 2018, the group’s CEO Mazin Al-Nahedh said. The bank’s total provisions amounted to KWD 647.6 million at the end …

Mubasher: Kuwait Finance House (KFH) is projected to exit non-strategic assets worth KWD 100 million during 2020, the CEO, Mazin Saad Ali Al Nahedh, disclosed on Tuesday. he highlighted that total exits in 2019 amounted to KWD 137 million …

Mubasher: The financial statements of Kuwait Finance House (KFH) revealed a net profit attributable to the owners of the parent company worth KWD 251.02 million ($828.32 million) over the fiscal year ended 31 December 2019, up by 10.4% …

Mubasher: Ahli United Bank (AUB) announced that no significant developments concerning the proposed takeover of the bank of by Kuwait Finance House (KFH) have taken place until the present time.     It further added that no official acquisition …

Mubasher: Moody's Investors Service has affirmed credit ratings of two Kuwaiti banks, according to a statement released on Friday. The global rating agency affirmed the A1 / Prime-1 long and short-term domestic and foreign currency deposit ratings …

Mubasher: The extraordinary general meeting of Kuwait Finance House (KFH) approved to increase the authorised capital to KWD 1.118 billion. The capital increase will be made through the issuance of 4.2 billion shares at the share’s nominal value, …

Mubasher: The chairman of Kuwait Finance House (KFH), Hamad Abdulmohsen Al Marzouk stressed that the bank focuses on merger and acquisition opportunities, CNBC Arabia reported on Monday. He noted that KFH’s merger with Bahrain’s Ahli United Bank …

Mubasher: The real estate sale transactions in Kuwait decreased by 31.5% month-on-month (MoM) in October 2019 to stand at KWD 230 million, yet signalling below-average sales during the year, as the number of trading days marginally declined over …

Mubasher: Kuwait Finance House (KFH) achieved a net profit of KWD 1.353 million from the latest real estate auction held by Al Enmaa Real Estate Company, a subsidiary of KFH. Al Enmaa organised the auction on Monday, 23 December, to sell four …

Mubasher: Kuwait Finance House (KFH) achieved nearly KWD 400,000 net profit from the latest real estate auction held by Al Enmaa Real Estate Company, a subsidiary of KFH. Al Enmaa organised the auction on Monday, 9 December, to sell four …

Mubasher: Moody’s Investors Service confirmed the credit ratings of Kuwait Finance House’s (KFH), and its “stable” long-term outlook, according to a bourse filing. The ratings agency left the domestic and foreign currency long-term and short-term …

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 …

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 …