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“AlHuda CIBE is organizing World largest Conference on Islamic Banking & Finance on 7th April, 2008 at Lahore – Pakistan “
 
 
 
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Al-Mukhaizeem: KD 275 Million is KFH Net Profits in 2007
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Kuwait Finance House's Head of Board and Chief Executive Officer Bader Abdul Mohsen Al-Mukhaizeem announced that Kuwait Finance House (KFH) has achieved total profits worth KD 527.272 million for the year 2007, with an increase of KD 183.618 million equal to 53%. This includes the profits for investment depositors that reached KD 242.528 million, distributed as follows: 8.632% for investment deposits, 6.714% for Al-Sedra deposit and 5.755% for investment saving accounts.

The net profits for shareholders reached KD 275.266 million with an increase of KD 113.262 million equal to an increase of 70% compared to the last year.

A share profit is increased to 166 fils compared to 102 fils in the last year with an increase of 63%, and assuming the capital increase since the beginning of the year, a share profit was 161 fils compared to 102 fils in the last year with an increase of 58%.

The Board of Directors recommended granting the shareholders cash distributions with a rate of 65% compared to 57% for last year, and bonus shares with a rate of 20% compared to 15% in the last year, after the approval of the General Assembly and concerned authorities.


Volume of assets increased in the balance to reach KD 8.798 billion with an increase of KD 2.484 billion compared to the last year and an increased rate of 39%. The volume of deposits increased to KD 5.361 billion with an increase of KD 1.631 billion equal to 44% compared to the last year. The total shareholders equity reached KD 1.210 billion with an increase of KD 508 million equal to 72% compared to the last year.

 
 
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