Browse
related articles
KFH to seek shareholders' nod for 20% capital raise
- Kuwait: Wednesday, November 28 - 2012 at 04:46
Kuwait Finance House (KFH), the Gulf country's largest Islamic lender, has announced it is to recommend a 20% capital hike to shareholders, which will help boost capital ratios and fund expansion, Reuters has reported. The company's board of directors decided to make the recommendation when it holds its annual general meeting, with proceeds to fund the bank's expansion both at home and internationally, KFH said. In September, Fitch Ratings said it had downgraded KFH's viability rating because of concerns over asset quality and loan concentration at the lender, while its Tier 1 capital, a key measure of a bank's reserves, lagged its Kuwaiti peers. However, the agency said at the time a planned capital hike to bolster reserves would be a positive step.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
