Investments
1Partners & Customers
10About Kuwait Finance House
Kuwait Finance House (KFH) is an Islamic bank in Kuwait that practices Islamic Finance or Shari'a Compliant Banking. The company was founded in 1977 and is based in Kuwait City, Kuwait.
Kuwait Finance House Headquarter Location
AlMirqab Area Abdulla Al-Mubarak Street
Kuwait City,
Kuwait
+965 2244 5050
Latest Kuwait Finance House News
Jul 27, 2022
Kuwait Finance House makes share-swap offer to acquire AUB Kuwait Kuwait Finance House makes share-swap offer to acquire AUB Bahrain - Kuwait Finance House (KFH) has moved a step closer to acquiring Ahli United Bank (AUB) in what would be one of the biggest bank deals in the region. The Kuwait-based Islamic lender issued two documents to Bahrain’s largest lender, which said in a filing to Bahrain Bourse that it received a notice of KFH’s firm intention to make an offer and an offer document to acquire up to 100 per cent of the issued shares of AUB by way of share swap. Earlier this month, AUB said it would accept KFH’s revised offer of one share for every 2.695 shares of AUB. The banks did not give a value for the potential transaction but according to a Bloomberg report the deal is valued at about $11.6 billion. AUB also said it has appointed Citigroup Global Markets as advisor on the deal. © Copyright 2020 www.gdnonline.com
Kuwait Finance House Investments
1 Investments
Kuwait Finance House has made 1 investments. Their latest investment was in Woosh Wireless as part of their Other Investors on .
Kuwait Finance House Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
Other Investors | Woosh Wireless | Yes |
Date | |
|---|---|
Round | Other Investors |
Company | Woosh Wireless |
Amount | |
New? | Yes |
Co-Investors | |
Sources |
Kuwait Finance House Acquisitions
1 Acquisition
Kuwait Finance House acquired 1 company. Their latest acquisition was Ahli United Bank on July 06, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
7/6/2022 | Debt | $82M | Acquired | 3 |
Date | 7/6/2022 |
|---|---|
Investment Stage | Debt |
Companies | |
Valuation | |
Total Funding | $82M |
Note | Acquired |
Sources | 3 |
Kuwait Finance House Partners & Customers
10 Partners and customers
Kuwait Finance House has 10 strategic partners and customers. Kuwait Finance House recently partnered with Solar One on May 5, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
5/31/2022 | Partner | United States | 1 | ||
3/27/2022 | Partner | Qatar | KFH: Partnership between Qatar Airways Privilege Club and Baitak Rewards Program The partnership will allow members of Baitak Rewards to exchange their points for Avios , Privilege Club 's new reward currency , using the Baitak Rewards mobile app or website . | 1 | |
3/20/2022 | Partner | Kuwait | Kuwait Finance House `` KFH '' announced a partnership with Alshaya Group to join `` KFH Rewards '' program , which represents an important addition to the customers of the program aimed at encouraging the use of `` KFH '' credit and prepaid cards , inside and outside Kuwait , by earning points for each purchase transaction . | 1 | |
10/10/2021 | Partner | ||||
4/4/2021 | Vendor |
Date | 5/31/2022 | 3/27/2022 | 3/20/2022 | 10/10/2021 | 4/4/2021 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Vendor |
Business Partner | |||||
Country | United States | Qatar | Kuwait | ||
News Snippet | KFH: Partnership between Qatar Airways Privilege Club and Baitak Rewards Program The partnership will allow members of Baitak Rewards to exchange their points for Avios , Privilege Club 's new reward currency , using the Baitak Rewards mobile app or website . | Kuwait Finance House `` KFH '' announced a partnership with Alshaya Group to join `` KFH Rewards '' program , which represents an important addition to the customers of the program aimed at encouraging the use of `` KFH '' credit and prepaid cards , inside and outside Kuwait , by earning points for each purchase transaction . | |||
Sources | 1 | 1 | 1 |
Kuwait Finance House Team
1 Team Member
Kuwait Finance House has 1 team member, including former Senior Vice President, Dilip Devaraya Samudram.
Name | Work History | Title | Status |
|---|---|---|---|
Dilip Devaraya Samudram | Infinia Services and Solutions, Commercial Bank International, United Arab Bank, Commercial Bank of Dubai, Abu Dhabi Commercial Bank, and Citibank | Senior Vice President | Former |
Name | Dilip Devaraya Samudram |
|---|---|
Work History | Infinia Services and Solutions, Commercial Bank International, United Arab Bank, Commercial Bank of Dubai, Abu Dhabi Commercial Bank, and Citibank |
Title | Senior Vice President |
Status | Former |
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