Prior to this process, the Kuwait Finance House Group held, through Ahli United Bank of Bahrain, which it acquired last year, 67.33% of Ahli United Bank of Kuwait, while the Institution public social security owned 12.5%, directly and indirectly.
KFH said in a statement to the Kuwait Stock Exchange on Thursday that the percentage added to its stake in Ahli United Bank – Kuwait amounts to 456.7 million shares, representing 18.258 percent of the issued and paid-up capital.
The statement said this percentage was added to the group’s ownership, bringing the total to 2.141 billion shares, representing 85.59% of the issued and paid-up capital of Ahli United Bank – Kuwait, before excluding treasury shares, and 95.064% after excluding treasury shares. shares.
The net profit of Kuwait Finance House “KFH” increased during the first quarter of this year by 133% on an annual basis, to record 162.1 million dinars (529.05 million dollars).
KFH had made profits of 69.5 million dinars (about $229 million) in the first quarter of last year.
For the year ended December 31, 2022, KFH’s net profit increased by 47% to approximately 358 million dinars (approximately $1 billion) from 243.4 million dinars (approximately $737.5 million) in 2021.
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