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MarketScreener Homepage  >  Equities  >  KUWAIT STOCK EXCHANGE  >  Kuwait Finance House KSC    KFH   KW0EQ0100085

KUWAIT FINANCE HOUSE KSC (KFH)
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Kuwait Finance House KSC : Credit from banking sector rose by 3pc in Nov, says KFH

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01/12/2019 | 07:24pm EST

Boursa Kuwait results on Jan 13

KUWAIT CITY, Jan 12, (KUNA): Kuwait Finance House (KFH) said that credit from the Kuwaiti banking sector rose by three percent in November. The volume of credit granted last November was KD 36.6 billion ($119 billion) compared to KD 35.5 billion ($116 billion) in November 2017, KFH said in a report issued Saturday.

The assets of personal credit facilities achieved the highest rise in value in November to reach about KD 589.4 million ($1.9 billion), an increase of four percent compared to November 2017, it added. It noted that the credit facilities amounted to KD 15.5 billion ($50.9 billion), representing 42.5 percent of the total credit granted last November.

The statement pointed out that the facilities for the crude oil and gas sector increased by 4.14 KD billion ($1.4 billion) by 32.6 percent while the facilities for the industry sector grew by KD 37.2 million ($122 million). The decline in the facilities directed to some economic sectors on an annual basis and financial institutions other than the banks, the highest recorded a decline in value by about KD 173.8 million ($3,571 million) by 13.3 percent, the statement said.

It noted that the personal credit facilities constitute the largest share of the volume of credit facilities, accounting for 42.5 per cent of the total credit granted in November compared to 42.1 per cent in November 2017.

Boursa Kuwait will be announcing the first annual results of the segmented markets for listed companies, according to the rules and regulations stipulated in the Rule Book, said a statement by the national bourse Saturday. The results will be announced after the market closure on Sunday, Jan 13, 2019 on the Boursa Kuwait official website, statement indicated.

The annual review is to be conducted on an annual basis, according to the regulatory and organizational framework of the Rulebook, put in place by Boursa Kuwait to govern all operational aspects of the stock exchange, added the statement. Boursa Kuwait introduced the three-tiered segmented market last year, creating a Premier, a Main and an Auction market, each with unique characteristics and requirements.

This entailed the elimination of the parallel market and the main market, whereby all listed companies have been redistributed based on the three new different market segments. An annual review will be conducted to ensure that each company meets the specific criteria and requirements of the market it falls under.

(c) 2019 Arab Times Kuwait English Daily. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (KWD)
Sales 2018 777 M
EBIT 2018 468 M
Net income 2018 218 M
Debt 2018 -
Yield 2018 2,93%
P/E ratio 2018 18,42
P/E ratio 2019 15,45
Capi. / Sales 2018 5,23x
Capi. / Sales 2019 5,04x
Capitalization 4 065 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Average target price 0,58  KWD
Spread / Average Target -9,1%
EPS Revisions
Managers
NameTitle
Mazen Saad Ali Saad El-Nahedh Group Chief Executive Officer
Hamad Abdulmohsen Al-Marzouq Chairman
Abdullah Mohammed Abdullah Al-Haous Group Chief Operations Officer
Shadi Ahmed Yacoub Zahran Group Chief Financial Officer
Srood A. Sherif Group Chief Information Officer
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