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FINANCIAL NEWS
Kuwait Finance House to increase capital by USD223.9m
03 Jun 2013
(MENAFN) Kuwait Finance House (KFH) issued a statement in which it said that it plans on increasing its capital by USD223.9 million, a 20 percent boost, through a sale of shares, reported Arabian Business.
The bank added that each share will be priced at USD1.7 to existing holders. The bank plans on selling 639 million new shares in 2 weeks.
The largest Islamic Bank in Kuwait also said that the increase is capital is aimed at strengthening the bank’s balance sheet and supporting its expansion plans.
It is worth mentioning that Moody’s downgraded KFH to A1 in May due to high reliance on volatile investment income for revenue, pressure on asset quality, and the bank’s complex organisational structure.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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