Kuwait Finance House - Kuwait

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Recent Articles

• 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.

• Kuwait bank denies AirAsia buyout9 October 2008

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

• Kuwait Finance invests $275mn in China project30 August 2008

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

• Kuwait Finance earnings soar 29%13 July 2008

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

• KFH subsidiary buys Deera stake22 June 2008

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

• Kuwait's KFH to expand in Turkey and Gulf18 June 2008

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

• Bahrain's IIFM to host review of landmark contract29 April 2008

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

• Kuwait Finance House profit surges 43%14 April 2008

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

• KFH plans $1.5bn Bahraini real estate project 13 April 2008

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

• Kuwait to clinch $1.5bn Bahrain deal16 March 2008

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

• Gulf Islamic bank assets to hit $300bn20 February 2008

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

• PCC wins US $32Million Bahrain park project19 January 2008

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

• Dirham at five year high - depegging 'inevitable'21 November 2007

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

• Kuwait Finance House deploys SWIFT network17 October 2007

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

• Kuwait Finance gets all clear on RHB deal9 October 2007

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

• Kuwait's KFH to trade sukuk25 September 2007

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

• Kuwait Finance wants up to 30 RHB branches30 August 2007

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

• Gulf firms agree $1.2bn Malaysia investment29 August 2007

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

• Malaysia's central bank yet to okay RHB talks19 August 2007

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

• Malaysian bank in sale talks with Kuwait16 August 2007

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

• KFH plans $1bn expansion18 June 2007

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