Kuwait Finance House reported a full-year 2024 net profit attributable to shareholders of KD 601.8 million, a 3.0% increase year-on-year and the highest annual profit in the bank's history, according to results announced on 28 January 2025.
Net financing income — the Islamic banking equivalent of net interest income, representing the spread earned on Sharia-compliant financing and investment contracts — rose 18.7% year-on-year to KD 1,147.0 million.
OPERATING INCOME GROWS 9%
Net operating income — stated after operating expenses, which is why it is lower than net financing income — grew 9.0% year-on-year to KD 1,030.7 million. KFH's network extends beyond Kuwait to operations in Bahrain, Turkey, the United Kingdom, Germany and Egypt, among other markets.
Group CEO Khaled Al-Shamlan said KFH's solid operating performance led to growth in operating income, profits, the financing portfolio and all key financial indicators.
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