KFH wins ‘Top Listed Institution in Kuwait 2017’ award
Award recognizes bank’s role in boosting economic growth: Al-Nahedh
KUWAIT CITY, May 23: Kuwait Finance House (KFH) won “Top Listed Institution in Kuwait 2017” award from “Forbes Middle East” magazine in an award ceremony held at J W Marriot to celebrate top institutions, businesses and individuals that represent the backbone of resilient and prosperous economy.
KFH- Group Chief Executive Officer, Mazin Saad Al-Nahedh received the award at a VIP gala dinner and ceremony from Forbes Middle East in presence of Minister of State for Cabinet Affairs Sheikh Mohammad Abdullah Al-Mubarak Al-Sabah and a number of dignitaries and businessmen from various sectors in Kuwait and the region.
Al-Nahedh takes pride in receiving the award, indicating that it reflects the international recognition of the bank while represents a new impetus for further achievements and leadership in the banking industry. He said that the award recognizes the bank’s instrumental role in boosting economic growth in Kuwait.
Meanwhile, Forbes Middle East Magazine applauded KFH’s performance and prestigious status, indicating that it is the first Islamic bank established in Kuwait in 1977. KFH has a global integrated operations leading the Islamic finance industry globally, and offering a suite of financial Islamic services and products. KFH’s group banking network spans across seven regions worldwide, with 480 branches, over 990 ATMs and approximately 15,400 employees.
“Forbes” added that that the award recognizes KFH’s robust financial position and its contributions in the economic development. It reflects the bank’s capabilities to encounter crisis and efficiently manage risk thanks to its investment diversification and geographical expansions locally, regionally and globally.
The ranking of the top companies is measured based on four metrics: sales, net profits, assets and market value as of May 2017.