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 Tuesday.

KFH achieved an increase of 9.4% in profits during the second quarter of 2019 compared to the same period a year ago, recording KWD 56.07 million ($184.7 million).