Sun 26 Sep 2010 07:52 AM
Mohammed Sulaiman Al Omar
21

Mohammed Sulaiman Al Omar

Industry: Financial Markets

Designation: Kuwait Finance House, the country's biggest Islamic lender, announced net profit for H1 of $246m, a decline of 1.8 percent on the year earlier period.

Country: Kuwait

Occupation: Kuwait Finance House, the country's biggest Islamic lender, announced net profit for H1 of $246m, a decline of 1.8 percent on the year earlier period.

$121,149

Kuwait Finance House (KFH)

Kuwait

Kuwait Finance House, the country's biggest Islamic lender, announced net profit for H1 of $246m, a decline of 1.8 percent on the year earlier period. But general manager Muhammad Al Omr will be banking on his 2,032-strong staff to pick up the pace in the wake of a tough first half. The lender may have set aside $270.2m to meet loan losses in the first half of 2010, but its employees stood firm, earning the bank a solid $121,149 per head.

Next in the pipeline for the multinational lender, is an expanded foothold in Asia. According to market reports earlier this month, the Malaysian unit of KFH is in talks to close Islamic banking deals in Hong Kong, Thailand, India, China and Indonesia.