Kuwait Finance House

The National Industries Co.(K.S.C) successfully settled its US$ 100 Million Sukuk

The US$ 100 million Sukuk for The Building Materials Company has been successfully arranged and paid for in full on its Maturity date 18 October, 2011. Kuwait Finance House, Liquidity Management Centre, Gulf International Bank and Standard Bank underwrote the sukuk.
The Sukuk was supported by building material factories which supplied an over-collateralization and an added security for all Sukuk holders. It offered a semi-annual return of 100 basis points over US Dollar 6 months LIBOR.

Grosvenor joins up with Kuwait Finance House for £380m US healthcare venture

Grosvenor Fund Management partnered with Kuwait Finance House to invest up to £380m in US healthcare real estate.
The partnership will aim the acquisition and development of private-pay senior living facilities and medical office buildings. Investments will take place through the formation of equity joint ventures with local and regional operating and development partners.
The new partnership is Grosvenor Fund Management’s third mechanism in 2011, having a combined investment capacity of £900m.

Al-Nashmi new Head of Fatwa, Sharia Supervisory Authority: KFH

Kuwait Finance House appointed Dr Ojail Al-Nashmi as Head of the Fatwa and Shariah Supervisory Authority after Sheikh Ahmed Al-Yasseen retired. The authority's general assembly elected Al-Nashmi, Dr Khaled Al-Mazkour, Dr Mohammed Al-Tabtabaie, Dr Anwar Abdul Salam, and Dr Mubarak Al-Harbi.

KFH-Bahrain Launches BD 200 Million Crafted Affordable Housing Project in Diyar Al Muharraq

KFH Bahrain announced that the Board of Directors of Kuwait Finance House - Bahrain agreed in a meeting to build around 2,500 crafted affordable housing units within its flagship real estate project, DIYAR AL MUHARRAQ.
The investment is a further indication of the resolve and commitment of KFH Bahrain to invest in the Kingdom of Bahrain and of the confidence it places in the country's growth and prosperity.

Kuwait fund to start $3.6 billion real estate portfolio

Kuwait Investment Authority will establish a 1 billion dinar ($3.6 billion) portfolio to invest in Kuwait's real estate market to take advantage of lower property prices.
The portfolio will be managed initially by Kuwait Finance House, with the possibility of assigning two other managers.

KFH Rejects Gulfinvest’s Restructuring Plan, Al-Qabas Says

Kuwait Finance House rejected a plan to restructure the debt of Gulfinvest International KSC, a Kuwaiti investment company.
Gulfinvest is yet to be officially informed of the decision by Kuwait Finance, which has made provision for the company’s loans.

KFH Approves First Investment’s Debt Rescheduling, Al-Qabas Says

Kuwait Finance House agreed to First Investment Co.’s rescheduling plan.
The rescheduling plan involves issuing 90 million dinars ($320 million) in 5-year bonds, according to Al-Qabas, which didn’t name the other lenders or state the total debt.

KFH: Strategic partnership with Islamic Finance Project at Harvard University

The Islamic Finance Program (IFP) Manager at Harvard University Nazem Ali stated that Kuwait Finance House achievements in numerous projects and its innovation in the Shariah compliant products and services that it offers are taught to the students and researchers taking part in the IFP at the University.
After meeting several Legal Department employees at KFH the diversification in KFH's operation fields is an important source of studies in the forum that is associated with the IFP that the university has been organizing for the past nine years.

Global Islamic Assets May Hit $700B By Yr End; GCC Leads -Report

Total assets of lslamic banks globally is expected to hit $700 billion, out of which two thirds is in the Arab Gulf region.
Saudi Arabia's Al Rajhi Bank is the biggest Islamic lender in the region, holding assets of $48.41 billion, followed by Kuwait Finance House at $41.57 billion.

Providing solutions

Abdulhakeem Yaqoob Alkhayyat, the Managing Director and Chief Executive Officer of Kuwait Finance House
- Bahrain gives Robin Amlôt the low down on Islamic high finance.
The bank mainly invests URIA funds in its general financing portfolio. It also offers investment savings, current and electronic accounts.
A notable innovation is the Baytik Ijara card which is the world's first Islamic financing card that allows cardholders to acquire durable goods on a lease-to-own basis. Its corporate finance products are wide-ranging and include Ijara and Ijara Wa Iqtina, Istisna'a, Murabaha, Salam, Musharaka, Mudharaba and Riba Al-Fadl.

Islamic banks plan ringgit sukuk index

Islamic banks in the country are developing a local currency sukuk index to serve as a benchmark for sharia-compliant fixed income securities.
The index will track highly liquid, high grade bonds, including on-the-run ringgit denominated sukuk, said the Association of Islamic Banking Institutions Malaysia, which includes the local units of Al Rajhi and Kuwait Finance House.
Malaysia has the world’s largest sukuk market

Kuwait Finance House's local real estate portfolio 2 offers 6% annual return

The Private Financial Services Department Manager at Kuwait Finance House (KFH) Talal Al-Nesf announced that KFH's local real estate portfolio 2 achieved high returns that resulted in the distribution of 6% annual profit.
He added that the portfolio that has a capital of KD60m began operating in July and distributes quarterly profits, such as groups of investment and commercial real estate in Kuwait; noting that such results reveal the success of KFH's policy to focus on quality assets that yield high returns. He stated that each investment project is carefully studied to achieve high returns with minimal risks.
Moreover, he revealed in a press statement that KFH is in the final stages of the process of selling real estate of KFH's real estate fund in Turkey with over 12% of capital profit.

International real estate portfolio managed by KFH worth $1.5 bln

The International Real Estate Department Manager at Kuwait Finance House (KFH) Ali Al-Ghannam said that investing in the field of international real estate is one of the KFH’s fruitful fields of business, since many global markets were affected by the global economic crisis in various fields, such as credit, but the value of their real estate were not affected in general and continued to achieve rewarding revenues to their owners.
Al-Ghannam, who made the previous statements during his participation in the annual meeting of the Association of Foreign Investors in Real Estate (AFIRE) in Chicago, stated that KFH’s continuously growing international real estate portfolio manages assets worth $1.5 billion.

Source: 

http://www.arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/160092/t/International-real-estate-portfolio-managed-by-KFH-worth-$1.5-bln/Default.aspx

Citigroup Plans More Sukuk Sales From Turkey After Kuveyt Turk Bond Issue

Citigroup plans to arrange more sales of Islamic bonds, or sukuk, from Turkey after managing a $100 million issue for Kuveyt Turk Katilim Bankasi AS, an executive at the company said. Citigroup and Liquidity Management House, a unit of Kuwait Finance House KSC which is the owner of Kuveyt Turk, acted as arrangers in Kuveyt Turk’s sukuk sales, the first in Turkey after regulators allowed companies to offer Islamic bonds in April.

n/a

KFH plans expansion in US, Canada

Kuwait Finance House (KFH) has revealed plans to expand into the US and Canada in 2010.

KFH low exposure to Saad Group

Kuwait Finance House, has minimal exposure to two troubled Saudi firms, belwo 0.1 % of the total credit portfolio, according to Emad Yousef Al-Monayea, Managing Director of Kuwait Finance's subsidiary, Liquidity House.

SFS and Kuwait Finance House to launch shipping fund

Cyprus listed SFS Group and Kuwait Finance House (Malaysia) aim to launch a USD 150 mn fund. Fund's objective is to invest directly in shipping assets and primarily in vessels to be chartered out on a long-term basis to top league charterers. The fund will be established through a limited partnership in the Cayman Islands before the end of 2009.

Ab Jabar Ab Rahman is the deputy chief executive officer of Kuwait Finance House (Malaysia) Berhad.

KFH plans USD 133.3 mn Saudi investment branch

The Kuwait Finance House (KFH) is set to open an investment bank in Saudi Arabia with a capital of SAR 500 mn (USD 133.3 mn). KFH is further looking into investment opportunities in the UAE, Oman and Qatar.

Fitch partially downgrades Kuwait Finance House

Fitch Ratings affirmed Kuwait Finance House's (KFH) Long-term Issuer Default Rating (IDR) at 'A+' and Short-term IDR at 'F1'. KFH’s Individual Rating was downgraded to 'C/D' from 'C' and placed on Rating Watch Negative (RWN). KFH's Support '1' and Support Rating Floor 'A+' were affirmed. The Outlook for the Long-term IDR is Stable.

Syndicate content