kfh posts kawiti dinar 1159m in net profits for 2013
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

KFH posts Kawiti dinar 115.9m in net profits for 2013

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice KFH posts Kawiti dinar 115.9m in net profits for 2013

Kuwait - KUNA

Kuwait Finance House (KFH) posted KD 115.9 million in net profits for 2013, 23 percent over 2012's net profits. KFH Chairman Mohammad Al-Khudairi said in news remarks here on Monday KFH has achieved a growth in all its financial indicators for the fiscal year 2013, considering the achieved results a significant milestone that places KFH on the right track to achieve sustainable profitability, a stronger capital base, and improve KFH's market share. The bank has achieved total revenues of KD 996 mln for the fiscal year 2013 with an increase of KD 67.3 mln, a 7.3 percent over last year, he said.Shareholders' net profits increased by KD 28.2 mln, to reach KD 115.9 mln, an increase of 32 percent over last year. Earnings per share increased by 6.22 fils to reach 32.69 fils, an increase of 23 percent over last year, he added.The Board of Directors has proposed a 13 percent dividend distribution and 13 percent bonus shares subject to approval of general assembly and regulatory authorities, the KFH chairman noted.Total Assets increased by KD 1.4 bln to reach KD 16.1 bln, an increase of 10 percent over last year, while customer deposits increased by KD 711 mln to reach KD 10.1 bln, an increase of 8 percent over last year. Shareholders' equity increased by KD 401 mln, to reach KD 1.7 bln, an increase of 30 percent over the same period last year.Moreover, the KFH chairman underscored KFH's active role in wholesale finance in accordance with professional and credit regulations and standards. He highlighted KFH's perseverance to support Kuwaiti corporations in the pursuit of more inclusive and sustainable economic growth. Al-Khudairi said that KFH will continue expanding in global markets, in light of the set and approved five-year plan, to reinforce its international position and presence in the global market and to search for lucrative long-term investment opportunities. It will also initiate relationships between those markets and Kuwait and the GCC.KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneer in the field of Islamic banking services, where it offers a wide array of Islamic products and services, not to mention a high standard of innovation and client service.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kfh posts kawiti dinar 1159m in net profits for 2013 kfh posts kawiti dinar 1159m in net profits for 2013

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kfh posts kawiti dinar 1159m in net profits for 2013 kfh posts kawiti dinar 1159m in net profits for 2013

 



GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences

GMT 23:58 2011 Saturday ,05 November

Ways to Update Your Furniture

GMT 13:14 2014 Saturday ,25 October

Alaa Abdel Fattah's appeal trial to be held Monday

GMT 05:26 2017 Thursday ,19 January

Solar energy making rapid progress in the region

GMT 12:55 2017 Tuesday ,26 December

Pope pleads for migrants at Christmas mass

GMT 10:29 2017 Saturday ,14 October

IMF chief urges more support for global trade

GMT 09:31 2017 Tuesday ,05 September

Battling to thwart diesel bans

GMT 11:35 2017 Saturday ,07 October

US tax overhaul 'desperately needed'

GMT 07:34 2017 Wednesday ,20 September

Death toll in Mexico quake rises to 248

GMT 13:47 2011 Monday ,01 August

World’s biggest Ramadan lantern lit up in Gaza

GMT 14:20 2015 Saturday ,15 August

'Deadliest Catch' star Tony Lara dead at 50

GMT 12:50 2012 Tuesday ,03 July

Leila Trabelsi appears in media

GMT 22:06 2012 Wednesday ,10 October

Gaza rockets strike Israel, no injuries
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice