Kuwait Finance House (K.S.C.P) (Kuwait)

The Bank is mainly engaged in providing banking, investment, real estate, trading and leasing activities in accordance to the Islamic Sharia principles. The Bank offers its services through five segments: Banking, Commercial, Corporate, Real Estate and Investment. Its Banking segment offers personal accounts, investment deposits, credit cards, foreign currencies and safe deposit boxes.
The bank is a public shareholding company incorporated in Kuwait on March 23, 1977 and was registered as an Islamic bank with the Central Bank of Kuwait on May 24, 2004.
The Bank was listed in Kuwait Stock Exchange on September 29, 1984.
Starting from Sunday 13 May 2018,The Company will change the Ticker Name on the Kuwait Boursa Website from KFIN to KFH .
The Bank shares started trading on Bahrain Bourse on 6 October 2022.
On 21 January 2024, the CMA Kuwait approved the merger of the Parent Company and Ahli United Bank K.S.C.P. (AUB Kuwait) by way of amalgamation through share swap at the exchange ratio of 0.3723118279 shares of the
Parent Company against every share of AUB Kuwait.
On 22 February 2024, the share swap deal of the Parent Company's share capital with the shareholders of AUB Kuwait was completed, as well as the execution of the merger by amalgamation was finalized. The increase of the
Parent Company's authorized, issued and paid-up capital from 14,764,456,572 shares to 15,695,823,374 shares was affected through issuing 931,366,802 shares at the nominal value of 100 fils per share amounting to KD 93,137
thousand and share premium of KD 655,682 thousand representing the difference between the nominal value of the issued shares and their market value on the merger execution date. The additional shares issued includes
889,974,356 shares that have been allocated to Kuwait Finance House K.S.C.P. against its total ownership of the issued and paid-up capital of AUB Kuwait at a value of KD 715,539 thousand, which has been recognized as
treasury shares in the Group's interim condensed consolidated statement of financial position, and included in the net movement in treasury shares in the interim condensed consolidated statement of changes in equity. Further, as
part of the merger, the stake held by non-controlling shareholders of AUB — Kuwait was also acquired, having a carrying value of KD 28,751 thousand and the difference between the carrying value and the market value of the
Parent Company's shares offered to them on the merger's execution date amounting to KD 4,528 thousand was recognised in ‘Other reserve'.