KFIC Invest K.S.C.P (KFIC)

Mubasher: Boursa Kuwait on Monday announced that Gulf Bank has sold its 22.05 million-share stake in Kuwait Finance and Investment’s (KFIC) capital to Abdullah Al Hamad Al Saqr and Brothers Co. The sale process was carried out via an agreed …

Mubasher: Kuwait Finance and Investment (KFIC) has signed a KWD 1.5 million term loan facility agreement with a Kuwaiti bank to finance the company’s expansion activities. The loan carries a maturity period of three years and will be repaid over …

Mubasher: Kuwait Finance and Investment (KFIC) has sold 13.26 million of its shares in Mena Real Estate. The deal was concluded on Tuesday, 31 December 2019, Mena Real Estate said in a bourse statement on Sunday.   In November, the target of …

Mubasher: Kuwait Finance and Investment (KFIC) achieved profits of around KWD 503,000 after it had existed some assets. KFIC signed a final sale deal at a value of KWD 2.6 million to exist some of its assets, including Taameer Real Estate …

Mubasher: Al Ahli Bank of Kuwait (ABK) announced on Thursday the sale of its stake in Kuwait Finance and Investment (KFIC). The sold stake amounted to roughly 25.984 million shares, or 8.047% of KFIC’s capital, according to the lender’s bourse …

Mubasher: Kuwait Finance and Investment (KFIC) has posted a 471.1% year-on-year profit hike during the third quarter of the fiscal year 2019. The company’s profit surged to KWD 92,580 ($305,420) in Q3-19, compared to KWD 16,210 ($53,480) in the …

Mubasher: Kuwait Finance and Investment (KFIC) has signed a memorandum of understanding (MoU) of approximately KWD 25 million to sell some of the group’s assets. The MoU is a non-binding agreement until the assessment and due-diligence …

Mubasher: The stock of Kuwait Finance and Investment (KFIC) led Boursa Kuwait’s gainers during Wednesday’s session, reaching its highest level in five months. By 11:32 am, the stock rose by 2.6% to 48 fils after 8.2 million shares were traded, …

Mubasher: Kuwait Finance and Investment (KFIC) has recorded a 243% year-on-year profit hike during the first quarter of 2019. The company’s profit surged to KWD 269,740 ($886,427) in Q1-19 versus KWD 78,690 ($258,593), according to a bourse …

Mubasher: Kuwait Finance and Investment (KFIC) on Wednesday announced exiting from an investment in a subsidiary, Bein Bridge- GCC, with a total value of KWD 407,000 ($1.34 million). The divestment led to incurring a net loss of KWD 87,180 …

Mubasher: Kuwait Finance and Investment (KFIC) on Sunday reported a 62% year-on-year hike in losses during the fourth quarter of 2018. KFIC’s losses amounted to KWD 118,030 ($389,470) in Q4-18, up from KWD 72,790 ($240,190) during Q4-17, according …

Mubasher: Kuwait Finance and Investment (KFIC) has registered a net profit of $2.09 million (KWD 633,870) from exiting an investment in Yemen. The profits will be registered in the income statements of the first quarter of 2019, according to a …

Mubasher: Kuwait Finance and Investment Company (KFIC) on Sunday reported a profit surge for the third quarter of 2018. KFIC logged KWD 122,700 ($404,000) in profits in the period between July and September, up 121% year-on-year from KWD 55,500 …

Mubasher: Kuwait Finance and Investment (KFIC) has signed an agreement with a leading company in the retail business in Kuwait to acquire a client portfolio valued at about KWD 890,000 in installments. KFIC expected a return ranging from 11% to …

Mubasher: Kuwait Finance and Investment (KFIC) has sealed an agreement with a leading company in the retail industry in Kuwait to acquire a client’s portfolio in instalments. The takeover deal is valued at KWD 1.5 million ($5 million), with an …

Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) announced that its 90%-owned subsidiary Middle East Financial Brokerage Co has signed a non-binding memorandum of understanding (MoU) with KFIC Financial Brokerage, a 98.5%-owned …

Mubasher: Kuwait Finance and Investment (KFIC) has reached an agreement with one of its default clients since 2010. The company has settled and rescheduled a debt value of nearly KWD 855,100, according to a bourse statement on Wednesday. KFIC …

Mubasher: Kuwait Finance and Investment (KFIC) incurred an increase of 573.4% in losses during the fourth quarter of 2017 compared to the same period in the previous fiscal year. Losses enlarged to about KWD 72,790 ($243,110) in Q4-17 from nearly …

Mubasher: Kuwait Finance and Investment (KFIC) on Sunday reported a 35% year-on-year rise in profits for the first nine months of 2017. Net profit amounted to KWD 299,483 in the nine-month period ended September 2017, versus KWD 222,303 in the …

Kuwait – Mubasher: Kuwait Finance and Investment Company (KFIC) has agreed with a client on settling and rescheduling a default of KWD 3.35 million since 2010. This debts settlement will be done through an income-generating real estate asset, as …

Kuwait – Mubasher: Kuwait Finance and Investment (KFIC) on Tuesday announced turning to profits in the first quarter of 2017, against losses in the year-ago period. Net profits reached KWD 146,350 ($479,550) in the first three months of 2017, …

Mubasher: Kuwait Finance and Investment Company (KFIC) has completed the procedures required for the takeover of the Lake Calhoun Center building in the state of Minneapolis in the US. KFIC said that its share in this investment stands at 35%, …

Mubasher: Kuwait Finance and Investment (KFIC) suffered a loss of KWD 10,000 ($32,740) during the fourth quarter of 2016 versus a net profit of about KWD 269,000 ($880,640) in the same period a year ago. During fiscal year 2016, earnings shrank by …

Mubasher: Kuwait Finance and Investment (KFIC) said that its subsidiary, KFIC Financial Brokerage, raised its capital to KWD 10 million ($33.3 million) from KWD 3 million ($9.8 million). The capital hike followed the requirement of having a …

Kuwait – Mubasher: Kuwait Finance and Investment (KFIC) said that the court of capital markets has ordered Arabian Capital Holding Company to pay KWD 1.95 million ($6.4 million) to KFIC. Arabian Capital has filed a lawsuit against KFIC, claiming a …