SR.No: 14
Kuwait Finance House (KFH)
Sector: Banks & Financial Services
Date of Establishment: 1977
Country: Kuwait
Acting Group CEO: Abdulwahab Iesa Alrushood
Sales: $3.6 billion
Profits: $612 million
Assets: $71.5 billion
Market Value: $20.5 billion
KFH was the first Islamic bank to be established in Kuwait in 1977. Today its largest shareholders include the Kuwait Investment Authority and the Kuwait Awqaf Public Foundation. It employs around 15,000 people. The bank has now surpassed the National Bank of Kuwait to become the most valuable company in Kuwait. In May 2021, KFH launched a digital wallet service enabling payments to be made through electronic devices and wearables.