THE MIDDLE EAST’S

9. Kuwait Finance House (KFH)
Country: Kuwait
Sector: Banks & Financial Services
Group CEO: Khaled Alshamlan
Market Value: $42.1 billion
Sales: $11 billion
Profits: $2.1 billion
Assets: $119.7 billion
Kuwait Finance House (KFH) was established as the first Islamic bank in Kuwait in 1977. As of December 2024, it operated around 600 branches across eight countries. In January 2025, the Group’s second sukuk issue of $1 billion was listed on the London Stock Exchange. It also unveiled a new visual identity in January 2025 to align with its growth and expanding global presence. KFH reported a historic net profit of $1.96 billion attributable to the shareholders of the bank for the year ended 2024, an increase of 3% compared to 2023.