Sector: Banks & Financial Services
Acting Group CEO and Group Chief Treasury and Financial Institutions Officer : Abdulwahab Iesa Alrushood
Market Value: $35.4 billion
KFH was the first Islamic bank to be established in Kuwait in 1977. Today, it has operations in 10 countries with 631 branches. In 2022, KFH acquired Ahli United Bank Bahrain for $10.9 billion, bringing its total assets to $120.7 billion, up from $71.4 billion in 2021. It also became dual-listed on both the Boursa Kuwait and the Bahrain Bourse. Kuwait’s government owns 38.4% of KFH’s shares through the Kuwait Investment Authority, the Public Institution for Social Security, the Public Authority for Minors Affairs, and the Kuwait Awqaf Public Foundation.