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Tuesday, 16 March 2010 15:18 UAE time

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Kuwait Finance House

Main Category: Financial Services (Misc.)
City : Safat
Country : Kuwait


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KFH sees earnings flat, targets US and China

With 43% of earnings coming from overseas, bank to continue international expansion.

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Kuwait Finance House pulls out of Malaysian tower deal

No reasons given for the pullout, but a statement is set to be issued later.

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Mideast investors eyeing Indonesian banks

Kuwait Finance House is one of the lenders skeen on setting up new banks in the country.

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Kuwait Finance House posts 46% drop in Q3 profits

The country's biggest Islamic lender said net income for Q3 fell to KD34.3m ($120.1m).

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Kuwait property sales slide 38% in year to July

Sales fall to KD99.8m ($348.2m) compared to KD160.7m in July 2008, data shows.

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Kuwait Finance, UDR to set up US property JV

Joint venture to buy high income residential real estate in major cities in the US.

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Kuwaiti banks post H1 profits despite global downturn

Profits come against backdrop of implementation of financial stability law.

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Kuwait's KFH sees Q2 profits hit by provisions

Gulf's 2nd largest Islamic lender does not reveal level or purpose of provisions.

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Kuwait's KIA to auction stake in Boubyan

UPDATE 1: Sovereign wealth fund looking to offload 20% stake via public auction in July. 

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$1bn Bahrain Health Oasis launched

Project extends over a combined site of circa 60 hectares of multiple inter-related components.

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'Worst over' for Kuwaiti banking sector

Q1 profits expected to decline year on year, but improve from losses in prior quarter.

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KFH unit seals Russia Islamic finance deal

Liquidity Management House and Russia’s VTB Capital team-up to develop Islamic products across Russia.

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Fitch downgrades Kuwait Finance House

Ratings agency revision reflects KFH’s exposure to distressed Kuwaiti investment companies.

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KFH to work on $6bn real estate project in Malaysia

Kuwait Fianance House will hlep build Eskander City, the biggest realty project in Malaysia. 

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VTB to enter sukuk issuance market

Russia's 2nd largest bank may issue the country's first Islamic bonds in a deal worth 'several' million dollars.

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Islamic bond sales tipped to fall in 2009 due to crisis

Kuwait Finance House's Asian arm predicts more drops, following 56% fall in 2008.

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Kuwait Finance House warns of tough Q1

Islamic lender may book provisions in 2009 as global credit crisis hits Kuwait.

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Call for KIA to invest in local banks

Bank chief says Kuwait's sovereign wealth fund should help economy by investing in local banks.

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Top Kuwait Islamic bank mulls Asia buyout

Kuwait Finance House (Malaysia) eyes regional Islamic lenders to fill gap for large banks.

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Real estate stocks drag UAE bourses; Saudi edges higher

UPDATE 5: Banks and real estate stocks weigh on UAE markets on Tuesday.

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Kuwait's KFH posts $219mn Q4 net loss

Major Gulf Islamic lender posts heavy losses a day after NBK reports 78% fall in profit.

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Kuwait, Oman, Qatar markets end at multi-year lows

UPDATE 8: Investors fear poor Q4 results and lack of immediate government action.

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Islamic lender wins licence for Saudi operation

$133mn unit of Kuwait Finance House gets go-ahead to offer services in kingdom.

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Kuwait bank eyes $10bn Russian real estate project

Development in Tatarstan may be followed by money for infrastructure. 

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Liquidity crunch prompts outlook cut for Gulf banks

Region's largest, Emirates NBD, among those in Standard and Poor's report.

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Kuwait lender seeks $600mn for Asia investments

Kuwait Finance House eyes move to buy ships, properties and company stakes.

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Kuwait's KFH sees profit rise 5%

Islamic lender Kuwait Finance House posts Q3 net income of $235.9mn, missing analyst forecast.

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Kuwait bank denies AirAsia buyout

Kuwait Finance House says it has 'never considered' financing buyout of airline following press report.

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Turkish delight

Major regional banks are busy capitalising on Turkey's thriving real estate scene - which should tell you something about its investor potential.

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Kuwait Finance invests $275mn in China project

KFH in deal with Nan Hai Corp to invest in the $3bn Peninsula real estate development.

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Kuwait Finance earnings soar 29%

KFH second Kuwaiti bank to post double-digit profit growth in Q2 as Islamic lender expands abroad.

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KFH subsidiary buys Deera stake

Kuwaiti islamic lender buys 28% stake in Jordan investment and real estate firm for $33.9mn.

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Kuwait's KFH to expand in Turkey and Gulf

UPDATE 1: Islamic lender also considering entering Hong Kong and Australia, CEO says.

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Bahrain's IIFM to host review of landmark contract

Islamic financial regulator to host review of first standardised Islamic contract.

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Building a better Bahrain

A plethora of projects is under way or in the pipeline in Bahrain. Hugo Berger monitors their progress.

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Kuwait Finance House profit surges 43%

Gulf's second-largest Islamic lender posts Q1 income of $276.4mn, beating forecasts.

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KFH plans $1.5bn Bahraini real estate project

Kuwait Finance House looks to invest in several commercial and residential projects.

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Kuwait to clinch $1.5bn Bahrain deal

Islamic lender Kuwait Finance House to construct malls, hotels and clubs as part of 50-year contract.

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Gulf Islamic bank assets to hit $300bn

Twenty-two Islamic banks set to grow stronger over decade, says investment bank Morgan Stanley.

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PCC wins US $32Million Bahrain park project

Poullaides Construction Company has won a US $32 million (BD 12 million) contract to build an industrial park in Bahrain.

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Dirham at five year high - depegging 'inevitable'

The dirham has hit a five-year high with speculation the UAE will move to depeg its currency.

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Kuwait Finance House deploys SWIFT network

KFH is deploying Eastern Network's SWIFT integration method to migrate its bank-to-bank payment processes

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Kuwait Finance gets all clear on RHB deal

Gulf bank receives Malaysian central bank approval to go ahead with talks to buy branches of RHB Bank.

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Kuwait's KFH to trade sukuk

Kuwait Finance House will invest $356.9mn in firm to take advantage of growing trade in Islamic bonds.

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Kuwait Finance wants up to 30 RHB branches

Executive says Gulf ban plans to buy between 20 and 30 branches of Malaysia's RHB Bank.

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Gulf firms agree $1.2bn Malaysia investment

Mubadala, Kuwait Finance and Dubai's Saraya to develop 'international city'.

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Malaysia's central bank yet to okay RHB talks

Kuwait Finance House says it has not received approval to begin negotiations to buy RHB Bank.

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Malaysian bank in sale talks with Kuwait

Kuwait Finance says it wants to transform state-controlled RHB Bank into the world's largest Islamic bank.

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Kuwait Finance eyes stake in 3rd mobile firm

Islamic lender plans an alliance with foreign investors and telecom operators.

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KFH plans $1bn expansion

Kuwait Finance House will use cash from share sale to expand in Middle East and Asia.

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KFH starts India private equity fund

Kuwait Finance House is to start a $200m fund with Gulf partners to invest in India.

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Green light for Kuwait's third Islamic bank

Parliament approves government plans to set up Islamic bank with $347m capital.

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Kuwait denies KFH stake sale report

A state fund says that it has no plans to sell its Kuwait Finance House holding.

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Kuwait becoming Islamic finance heavyweight

The country is taking steps to bolster its local sharia-compliant institutions.

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KFH Bahrain to launch Jordan branch

KFH hopes Jordan subsidiary will tap growing foreign investment in the country.

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Chapo collects Durrat villa deal

Bahraini contractor Chapo has picked up a US $41.66 million contract to build 171 villas on two islands of the Durrat Al Bahrain project.

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GIF’s US$1.3bn project in the works

Gulf Investment House Acting CEO Mr Bader Abdullah Al-Ali said that GIH has underwritten US$26.6m (BD10m) of the capital of the Durrat Al Marina project in the Kingdom of Bahrain, about 15% of the project's total capital.

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Revealed: Gulf's most admired companies

Arabian Business has published its '50 Most Admired' list of regional companies.

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Kuwait Finance House profit up 42%

The bank said it earned 114.63 million dinars after a total profit of 80.51 million dinars in the same quarter a year ago.

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Arabian Business recognises Kuwait's market leaders

A number of high-profile government and business leaders gathered in Kuwait City on Monday for the inaugural Arabian Business Kuwaiti achievement awards.

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Pacific Healthcare eyes Middle East

The Singapore company wants to jointly run Kuwait's Al Salam Hospital with its partner the Kuwait Finance House.

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Big money in Islamic banking

Kuwait Finance House faces some opposition in creating the world's largest Islamic bank.

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Someone's taking the Mickey in Bahrain

Disney denies rumours that GCC investors are in talks to bring Disneyland to Bahrain.

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KFH buys stake in Malaysian bank

Kuwait Finance House will spend $1.26 billion for a 32% stake in Malaysia's RHB Capital.

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In brief

Technology park

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KFH-Bahrain gets risk management

...

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Autodesk helps Kuwaiti estate agent go digital

The real estate division of Kuwait Finance House can now instantly match house-hunters to available properties with the click of a mouse.

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