KFH posts $197 million net profit for 2003
Kuwait Finance House (KFH) recorded a net profit of 58.16 Kuwaiti dinars ($197 million) for the fiscal year ending December 31, 2003 compared to KD 54.6 million earned in 2002, reported KSE. Earnings per share reached 81 fils compared to 80 fils for 2002.
Headquartered in Kuwait, KFH is one of the largest Islamic financial institutions in the world, with assets in excess of $7.3 billion. In October, the firm was granted a license to operate an in-house investment consultancy firm in Bahrain. — (menareport.com)
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