KFH reports KD 251mn net profit for 2019 – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

KFH reports KD 251mn net profit for 2019 – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

KUWAIT CITY, Jan 27: Kuwait Finance House (KFH) Chairman, Hamad Abdulmohsen Al- Marzouq, said that KFH has, by the grace of Allah, realized a net profit of KD 251.0 million for the year 2019 for KFH shareholders compared to KD 227.4 million last year i.e. an increase of 10.4%.. Financing income reached KD 931.6 million, i.e. an increase of 8.1% compared to last year.. Net operating income increased to reach KD 510.1 million, i.e. a growth of 12.5% over the last year.. Ambitious Strategy “¦ Acquisition brings several benefits Al-Marzouq confirmed that KFH's growing financial indicators are in line with the Group ambitious strategy and its performance in general.. , the merger will have positive effects for KFH shareholders due to the expected increase in profits and dividends.. Attracting Kuwaiti talents Al-Marzouq said that KFH has achieved remarkable progress in the implementation of the human resources strategy, where 98% of new hires during 2019 were Kuwaitis.. Global Awards Al Marzouq said that KFH won prestigious awards from international magazines and institutions such as the Euromoney Award for Excellence 2019 - "Best Bank in Kuwait" and the World's Best Islamic Financial Institution 2019 award from Global Finance Magazine and