Kuwait Finance House - Kuwait

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Recent Articles

• Big Kuwait, Bahrain banks Q3 profits sag on Saudi loans25 October 2009

  Kuwait's Gulf Bank says it expects its bad loans will weigh on company profits up to mid-2010.

• Kuwait Finance House posts 46% drop in Q3 profits25 October 2009

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

• Kuwait property sales slide 38% in year to July10 September 2009

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

• Kuwait Finance, UDR to set up US property JV15 August 2009

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

• Kuwaiti banks post H1 profits despite global downturn 25 July 2009

  Profits come against backdrop of implementation of financial stability law.

• Kuwait's KFH sees Q2 profits hit by provisions20 July 2009

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

• Kuwait's KIA to auction stake in Boubyan 22 June 2009

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

• $1bn Bahrain Health Oasis launched22 May 2009

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

• 'Worst over' for Kuwaiti banking sector12 April 2009

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

• KFH unit seals Russia Islamic finance deal 6 April 2009

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

• Fitch downgrades Kuwait Finance House1 April 2009

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

• KFH to work on $6bn real estate project in Malaysia28 March 2009

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

• VTB to enter sukuk issuance market18 March 2009

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

• Islamic bond sales tipped to fall in 2009 due to crisis18 March 2009

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

• Kuwait Finance House warns of tough Q110 March 2009

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

• Call for KIA to invest in local banks 22 February 2009

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

• Top Kuwait Islamic bank mulls Asia buyout17 February 2009

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

• Real estate stocks drag UAE bourses; Saudi edges higher3 February 2009

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

• Kuwait's KFH posts $219mn Q4 net loss 28 January 2009

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

• Kuwait, Oman, Qatar markets end at multi-year lows19 January 2009

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

• Islamic lender wins licence for Saudi operation6 November 2008

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

• Kuwait bank eyes $10bn Russian real estate project4 November 2008

  Development in Tatarstan may be followed by money for infrastructure. 

• Liquidity crunch prompts outlook cut for Gulf banks30 October 2008

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

• Kuwait lender seeks $600mn for Asia investments14 October 2008

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

• Kuwait's KFH sees profit rise 5%13 October 2008

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