Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Kuwait
  4. Kuwait Stock Exchange
  5. Kuwait Finance House K.S.C.P.
  6. News
  7. Summary
    KFH   KW0EQ0100085

KUWAIT FINANCE HOUSE K.S.C.P.

(KFH)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Kuwait Finance House K S C P : KFH Inaugurates the 7th Edition of “Forsah” Program

09/14/2021 | 05:22am EDT

Kuwait Finance House 'KFH' has inaugurated the 7th edition of 'Forsah' program which was designed by the bank to include the most distinguished Kuwaiti graduates in IT fields at local and international universities.

The program shall continue till Jan. 2022. It includes highly condensed and comprehensive training programs in the field of information technology and its applications in the banking field. The program contributes to the development of the trainees' self-abilities to serve KFH and its customers.

In his opening speech during the inauguration of the program, KFH Group Chief HR Officer -Zeyad AlOmar emphasized the significance of making difference at work. He noted that KFH is keen on supporting all employees' innovative initiatives.

He added that the competitive environment in the banking industry requires employees to create competitive advantages that would render KFH as the customers' bank of choice and enhance its leading position in the Sharia compliant innovative financial services. He emphasized that KFH is continuing its endeavor to provide all the required means to translate employees' innovative ideas to a reality by designing certain services and products that would add value to the customer's experience and facilitate all fast, easy, and secured digital procedures and services at the highest levels of quality.

AlOmar indicated that KFH has ensured that 'Forsah' program is fully diversified and rich with academic lectures, workshops, and practical and technical projects. In this program trainees are introduced to digitalization methods applied at global organizations.

AlOmar expressed his pride in stating that KFH supports and provides all means to enhance education and an inspiring and innovative work environment, thus assuring the significance of flexible performance within the change and innovation culture.

Executive Manager IT- Jamal AlMunaikh

From his side, the Executive Manager IT, Jamal Al-Munaikh emphasized the significance of digitalization in the banking operations and the need to facilitate and enhance banking services round the clock. Digitalization has also played a significant role in mitigating operational expenditures and the errors in manually executed operations.

Almunaikh said in a speech addressed to the 'Forsah' program trainees during the inauguration ceremony: 'KFH was keen on recruiting you in the 'Forsah' program considering your distinguished results in your universities. KFH aims to acquire your contributions, especially that the bank has come a long way in digitalization including artificial intelligence, BlockChain, cyber security, iCloud, Fintech and others'. He indicated that this stage requires talents and elites with an innovative mentality to continue development and moving to new levels of distinction in offering services and facilitating work procedures in a way that would reflect positively on the customer's experience and enhance satisfaction levels.

Forsah Program

The 'Forsah' program, launched by KFH periodically, comprises advanced training courses with different learning methods, delegation journeys to Silicon Valley, workshops, and field visits to the biggest global IT organizations e.g., Microsoft, Google, Appel, Repel and other IT giants. Also, it includes visits to the laboratories of the biggest and highly advanced American universities in the field of digitalization e.g., Berkely university in California, field visits to the innovation center at Silicon Valley and several global IT organizations and FinTech companies. The program also includes field visits to KFH Turkey digitally advanced laboratories to acquaint trainees with the research and innovation centers as part of a team comprising hundreds of engineers.

From their side, the trainees exhibited great passion and enthusiasm for 'Forsah' program and the rich content thereof. This would surely add an academic and professional value to their experience and reflect on their performance at the bank by executing ideas that would achieve customers' aspirations.

The inauguration of the program took place at KFH head office in presence of the Group Chief HR - Zeyad AlOmar, Executive Manager IT - Jamal Al-Munaikh, Executive Manager - Talent Acquisition- Yousef Al-Fadhli, Senior Manager - Talent Development - Mohammed Assadieh and the 'Forsah' program trainees.

Disclaimer

Kuwait Finance House KSC published this content on 14 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2021 09:21:06 UTC.


© Publicnow 2021
All news about KUWAIT FINANCE HOUSE K.S.C.P.
09:11aAL-MARZOUQ : KFH Achieves KD 168.1 Million Net Profit for Shareholders Until End of Q3 202..
PU
05:21aKUWAIT FINANCE HOUSE K S C P : KFH Announces Gold Winners in Al-Rabeh Account
PU
10/19KUWAIT FINANCE HOUSE K S C P : KFH's Customers Conduct more than 113 Million Transactions ..
PU
10/18KUWAIT FINANCE HOUSE K S C P : KFH Capital includes US Stock markets in KFH Trade Service
PU
10/18ESG SUKUK : A Next Step In The Evolution Of The Global Sukuk Market
AQ
10/18KUWAIT FINANCE HOUSE K S C P : KFH Signs a Strategic Partnership with the Public Authority..
PU
10/17KUWAIT FINANCE HOUSE K S C P : “Manpower” praises “KFH” role in tr..
PU
10/14AL-TERKEIT : KFH implements state-of-the-art technologies to adopt digitalization
PU
10/13KUWAIT FINANCE HOUSE K S C P : KFH Announces Winners of “Win with Hesabi” draw
PU
10/12KUWAIT FINANCE HOUSE K S C P : ICD provides USD 50 million financing to ALAFCO Aviation Le..
AQ
More news
Financials
Sales 2021 816 M 2 710 M 2 710 M
Net income 2021 240 M 795 M 795 M
Net Debt 2021 - - -
P/E ratio 2021 31,4x
Yield 2021 1,95%
Capitalization 6 889 M 22 842 M 22 871 M
Capi. / Sales 2021 8,44x
Capi. / Sales 2022 7,89x
Nbr of Employees 15 000
Free-Float 51,6%
Chart KUWAIT FINANCE HOUSE K.S.C.P.
Duration : Period :
Kuwait Finance House K.S.C.P. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KUWAIT FINANCE HOUSE K.S.C.P.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 5
Last Close Price 0,82 KWD
Average target price 0,50 KWD
Spread / Average Target -39,1%
EPS Revisions
Managers and Directors
Abdulwahab Essa Abdulwahab Al-Rushoud Group Chief Executive & Treasury Officer
Shadi Ahmed Yacoub Zahran Group Chief Financial Officer
Hamad Abdulmohsen Hamad Al-Marzouq Chairman
Srood Amed Sherif Group Chief Information Officer
Abdullah Mohammed Abdullah Al-Haous Group Chief Operations Officer
Sector and Competitors
1st jan.Capi. (M$)
KUWAIT FINANCE HOUSE K.S.C.P.33.72%22 843
THE SAUDI NATIONAL BANK49.71%76 752
ALINMA BANK54.82%13 357
QATAR ISLAMIC BANK (Q.P.S.C.)6.55%11 831
MASRAF AL RAYAN (Q.P.S.C.)2.65%9 578
BOUBYAN BANK K.S.C.P.42.34%8 118