KFH deposits KD 28.43m in shareholders’ accounts
KUWAIT CITY, April 14: Chief of Operations at Kuwait Finance House (KFH) Anwar Al-Ghaith revealed that after receiving a nod from KFH’s general assembly regarding cash distributions for shareholders by 10 percent, KD 28.429.263 million were deposited in the shareholders’ accounts. He explained that shareholders who do not have accounts or who did not request to have cash profits deposited in their accounts, can receive their money through cheques from Kuwait Clearing Company, since distributions have been made on Sunday.
Al-Ghaith noted in a press release that the depositing process that occurred in very short time, and saved the time and effort of shareholders, underlines the high technology and skillful employees working at KFH, which is dubbed by prestigious international institutions as the best Islamic financial institution. He added that the net profit of KFH shareholders by the end of the past fiscal year reached KD 87.7 million with a KD 7.4 million (9 percent) increase than last year.
Moreover, he stressed that the shareholders’ profits and distributions reflect the success of KFH’s strategy that is based on achieving sustainable profit, and offering depositors and shareholders best returns. He asserted that the distrib- uted money is the fruit of relentless efforts made by all KFH employees, not to mention careful planning, diverse investments, and seizing best investment opportunities.
Al-Ghaith applauded the strong bond between KFH and its clients and shareholders, and thanked them for their continuous support and trust in KFH. He stated that such trust motivates the bank to make better accomplishments that meet the aspirations of its shareholders and depositors.