Kuwait

THE COMPANY: Kuwait Finance House (KFH) was established in 1977 as the first Islamic financial institution in Kuwait providing banking services, purchase and sale of properties, leasing, project construction and other trading activities. The bank was listed on the Kuwait Stock Exchange in 1984, and...

THE COMPANY: Mabanee is a shareholding real estate firm that is widely recognised for owning The Avenues Mall. It was listed on the Kuwait Stock Exchange in November 1999 and is currently the largest real estate company in the country, with a market capitalisation of KD824m ($2.84bn), representing...

THE COMPANY: Recognised as the leader in the local banking industry, National Bank of Kuwait (NBK) was established in 1952 as the first local and national bank, and the first joint stock company in Kuwait and the Gulf region. NBK is the largest financial institution in Kuwait with total assets of...

In late March 2015 Kuwait’s parliament voted to amend the ownership structure of the Kuwait Stock Exchange (KSE), with the goal of listing the firm in an initial public offering (IPO) before the end of the year. Under the plan, which as of August 2015 the government had yet to finalise and confirm, around 50% of the bourse would be sold to...

Over the course of the past decade Kuwait has worked to shore up its longstanding reputation as a centre for Islamic financial services (IFS), leading to the rapid expansion of sharia-compliant banks and investment companies (ICs) in recent years. Islamic banking assets, which accounted for just over 20% of total banking sector assets in 2005...

As one of the world’s largest oil producers, Kuwait’s energy sector has supported a rapid pace of economic growth since the discovery of oil in the country in the early 1930s. Revenues from these resources have helped Kuwait to become one of the wealthiest countries in the world in terms of GDP per capita. Despite a significant increase in...