Arab Today, arab today kfh posts kawiti dinar 1159m in net profits for 2013
Last Updated : GMT 01:01:26
Arab Today, arab today
Arab Today, arab today

KFH posts Kawiti dinar 115.9m in net profits for 2013

Arab Today, arab today

Arab Today, arab today 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*

Arab Today, arab today kfh posts kawiti dinar 1159m in net profits for 2013 Arab Today, arab today kfh posts kawiti dinar 1159m in net profits for 2013

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday