Kuwait Finance House posts KD 171.29 mln in Q2 profits

KUWAIT, July 24 (KUNA) -- Kuwait Finance House (KFH) on Monday announced net profits of KD 171.29 million (around USD 522.4 million) in the second quarter of 2023, compared to KD 68.5 million (around USD 208.9 million) in the same period 2022, up 149.8 percent.

Per share dividends hit 10.9 fils per share in the second quarter of 2023, compared to 6.12 fils in the same period of 2022, up 79.2 percent, the KFH, known as Baitak, said in a disclosure posted on Boursa Kuwait's website.
Kuwait Finance House (KFH) was established in 1977, and listed on the Boursa Kuwait in 1984. It has a capital of KD 1.4 billion (around USD 4.2 billion) and it is mainly active in banking services. (end) mka.mt.