Kuwait Finance House
Kuwait Finance House (KFH) announced on Sunday that it had received a non-binding letter of interest from Al Salam Bank to ally with another investor to conduct the necessary studies to acquire the Kuwaiti bank’s share in Kuwait Finance House – Bahrain (KFH Bahrain).
KFH Bahrain is an Islamic bank established in 2002 as a wholly owned subsidiary of KFH Kuwait.
KFH, the largest Islamic bank in Kuwait, said that this information has no financial impact on the group at the present time.
KFH noted in a statement to the Kuwait Stock Exchange that KFH-Bahrain is one of two banking licenses currently owned by the group in the Kingdom of Bahrain.
It is noteworthy that the “KFH” group owns about 99.999% of Kuwait Finance House “Bahrain”.
It is noteworthy that KFH Group recorded a profit in the first nine months of the current year amounting to 461.5 million dinars (about 1.4 billion dollars) for the nine-month period of the current year compared to 205.7 million dinars (about 722 million dollars) for the same period in 2022, an increase. Its rate is 124 percent.
KFH was established in 1977 and was listed on the Kuwait Stock Exchange in 1984. Its authorized capital is 1.4 billion dinars (about 4.2 billion dollars).
2023-11-12 12:06:27
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