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KFH GROUP Company Profile KFH GROUP Company Profile KFH GROUP Company Profile CONTENTS KFH Group Brief 05 Our Stakeholders 06 Our Standing 10 Our Financial Indicators 12 Our Services and Products 14 Our International Integrated Operations 16 Our Board 18 Our Management 19 Our Fatwa and Shari'a Supervisory Board 20 Our Accomplishments and Awards 22 Our Social Responsibility 23 Our History 24 KFH GROUP Company Profile KFH GROUP Company Profile KFH Group Brief Kuwait Finance House (KFH) is an award-winning pioneer in Shari’a compliant consumer banking services, wealth management services and corporate banking with operations in Kuwait, Bahrain,Turkey, Malaysia, Germany and the Kingdom of Saudi Arabia. KFH is one of the first Islamic banks established around the world, opening its doors in 1978 , and today it ranks second largest Islamic bank globally in terms of total assets. In Kuwait, KFH is the second largest bank and the largest Islamic bank with total assets of KD 17.358 billion (USD 57.52 billion) as of end of 2017. 1st 2nd Shari’a-compliant Largest bank in bank in Kuwait Kuwait 2nd 1st 110 % Largest Shari’a compliant Shari’a compliant bank Increase in net profits bank in the world by assets in Germany to shareholders (2012-2017) 23.46 % 11.45 % Growth in total 24.45 % Y-O-Y increase in customer deposits Growth in total assets 2017 net profits to (2012-2017) (2012-2017) shareholders Credit Rating Source: Rating Agencies Unit (2017) Long Term Short Term Outlook Fitch A+ F1 Stable Moody's A1 P-1 Stable Total Assets and Customer Deposits Total Assets 24.45% Growth (2012 - 2017) Total Customer Deposits 23.46% Growth (2012 - 2017) in (USD billion) 2011 2016 2017 48.3 53.9 57.5 31.9 34.8 38.4 5 KFH GROUP Company Profile Our Stakeholders Listed on the Bursa Kuwait in 1984 , KFH ranked the second largest listed company in 2017 with a market capitalization of KD 3.3 billion (USD 11.0 billion). Major stakeholders include the Kuwait Investment Authority, Kuwait Awqaf Public Foundation, the Public Authority for Minors’ Affairs and the Public Institution for Social Security. Major Stakeholders include: Name Ownership Type Ownership Ratio Kuwait Investment Authority Direct 24.079% Public Authority for Minors’ Affairs (PAMA) Direct 10.484% Kuwait Awqaf Public Foundation Direct 7.296% Public Institution For Social Security (PIFSS) Indirect 6.19% Stock Data KSE ticker KFIN.KSE Market Cap (KD) (December 2017) 3,321,039,488 Market Cap (USD) (December 2017) 11,005,930,367 Earnings per share (USD Cents) 6 KFH GROUP Company Profile KFH Global Ranking 1 Largest Islamic financier in Kuwait 1 Largest participation bank in Turkey 1 First Islamic bank in Germany KFH GROUP Company Profile Kuwait Finance House is committed to supporting the role of women and youth in the community. Our workforce under the age of 30 accounts for more than 31%. Kuwait Finance House's under the age 30 workforce 8 KFH GROUP Company Profile KFH GROUP Company Profile OUR STANDING KFH is Kuwait's second largest bank and largest Islamic bank in terms of assets. It is also the second largest Islamic bank in the world by total assets. 2nd Largest bank in Kuwait by assets Kuwait Peers National Bank Burgan of Kuwait Bank USD 86.3 bn USD 24.6 bn Gulf Al Ahli Bank Bank of Kuwait USD 18.8 bn USD 14.5 bn Commercial Bank of Kuwait USD 14.6 bn 10 KFH GROUP Company Profile KFH Total Assets 2nd largest Islamic bank in the world by total assets USD 57.52 bn FY 2017 Global Peers Al Rajhi Bank- Dubai Islamic KSA Bank - UAE USD 91.6 bn USD 56.5 bn Qatar Islamic Bank - Abu Dhabi Islamic Qatar Bank - UAE USD 41.3 bn USD 33.6 bn USD 30.54 bn Financing portfolio, making up 53.2% of total financing held by Islamic banks in Kuwait in 2017. 11 KFH GROUP Company Profile OUR FINANCIAL INDICATORS KFH Performance Highlights (USD Billion) 2015 Total Assets: 54.3 Customer Deposits: 35.3 Total Revenue: 3.2 2016 Total Assets: 53.9 Customer Deposits: 34.8 Total Revenue: 3.1 2017 Total Assets: 57.5 Customer Deposits: 38.4 Total Revenue: 3.32 Net Profit to Shareholders (USD Million) 26.3 % Growth (2015-2017) 12 KFH GROUP Company Profile KFH Capital Adequacy 2017 Risk Weighted Assets USD 40.012 Billion Capital Available USD 7.107 Billion Capital Adequacy Ratio 17.76% KFH Capital Adequacy 2016 Risk Weighted Assets USD 37.278 Billion Capital Available USD 6.667 Billion Capital Adequacy Ratio 17.88% KFH GROUP Company Profile OUR SERVICES AND PRODUCTS Retail Banking KFH offers retail banking services across a growing number of markets including Kuwait, Malaysia, Bahrain, Turkey and Germany through its subsidiaries: Kuwait Finance House, Kuwait Finance House – Malaysia, Kuwait Finance House – Bahrain, Kuveyt Türk Participation Bank and its subsidiaries in Germany, Kuveyt Türk Bank (KT Bank AG). In Kuwait, KFH ranks second largest bank with customer deposits totaling USD 38.4 Billion at the end of 2017, giving it a 19.1% market share in the local banking sector. Retail banking products are diverse and include savings, current and time-deposit accounts, personal financing solutions and long-term investment products. Customers can also invest for their future education, marriage or retirement needs through a number of KFH investment deposits and now have the option to lock their savings in gold, buying and selling through KFH retail banks. KFH continues to expand its reach and currently operates 61 branches in Kuwait and 395 in Turkey. In total, the KFH Group has 485 branches, over 1,479 ATMs and employs more than 15,000 people. Corporate Banking KFH is the partner of choice for companies looking for Shari’a-compliant financing instruments, corporate advisory and Shari’a-compliant syndication on their path to achieving business growth objectives. Kuwait Finance House- Bahrain was named the Best Corporate Account (Middle East) in 2013 by Islamic Business & Finance. KFH corporate banking products facilitate projects, trade, working capital and project financing for small, medium and large companies. As the second largest Islamic bank in the world in terms of assets, KFH occupies a prominent position in providing Shari’a-compliant products. Corporate banking services support import and export operations with KFH’s vast network and long-standing experience in the field. These include: • Letters of credit at sight • Letters of credit on acceptance basis • Murabaha L/C • Export L/C • Letters of Guarantee Financing Targeting continued customer satisfaction, KFH offers a basket of financing services to meet its customers’ needs; from the procurement of construction materials to education. • Construction financing that includes technical guidance, recommendations and supervision. • Real estate financing allows customers to purchase housing units through Murabaha and pay in monthly installments. • KFH financial services are not restricted to properties in Kuwait; KFH also finances its customers’ investment in international real estate with over 15 years payment schedule. • Customers may choose from myriad cars available at the KFH car showroom. To enhance its services further, KFH has also made its services available at third party car dealers. • KFH customers can receive financing for medical expenses and services in local hospitals. • Financing Education: Financing tools to cover university, school or specialized education fees. • Debt settlement solutions for internal or external debts. 14 KFH GROUP Company Profile Investment KFH investment services include strategic, medium and short-term investments. The total Assets approximated at the end of 2017 stood at KD 17.358 billion (USD 57.52 billion). The majority of investments are in Kuwait, with others in the GCC and the rest of the world. Investment sectors are diverse and including banking, investment, commercial, real estate, healthcare, asset management services and others. Real estate makes up the bulk of KFH investment portfolio given its long-standing and successful record in managing real estate investments both locally as well as internationally. KFH’s strategy targets all real estate sectors including industrial and logistic property with high occupancy rates while offering sustainable cash flow income streams and potential capital gains at exit. Private Banking KFH private banking offers new assets classes with higher and more lucrative returns to a group of customers who are becoming ever more discerning in their choice of where to invest. With a strong bank presence in markets of growing investor interest such as Turkey and Malaysia supported by extensive expertise in a number of key sectors, most notably real estate, KFH offers high-net-worth customers a choice from a number of portfolio management services or finance and investment products. In 2009, KFH Investment subsidiary, KFH Capital Investment Company was awarded Best Islamic Asset Management Company, and in 2013, Kuwait Finance House – Bahrain was awarded Best Islamic Wealth Management Islamic Business & Finance Award and the Best Investment Advisory Services Banker Middle East. Real Estate Since the establishment of KFH, real estate services have maintained their position as a secured investment with lucrative returns. KFH has built more than 30 years of experience in the sector which has now expanded beyond Kuwait to the international market. In addition to offering banking and financing services, KFH is a leader in real estate finance services. KFH owns, sells, services. Also, it owns, sells, leases, purchases and develops real estate and provides real estate financing and leasing options as well as property development, marketing, financing and management. With more than three decades of experience in Kuwait, KFH’s real estate services are unique while contributing to Kuwait’s construction boom and meeting the local market’s demand for affordable housing, investment and commercial real estate.
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