Like much of Kuwait’s financial services industry, the insurance sector has posted solid expansion in recent years on the back of growth in a handful of key areas, including takaful (sharia-compliant insurance) and other non-life segments. In 2014 Kuwait’s insurance sector as a whole brought in an estimated KD303m ($1.04bn) in gross...
THE COMPANY: Established in 2004, Jazeera Airways operates as a low-cost carrier from Kuwait and flies to high-demand business, leisure, family and weekend destinations such as Dubai, Bahrain, Beirut, Alexandria and Cairo. The company first listed on the Kuwait Stock Exchange (KSE) in 2008, and as...
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...
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