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    KFH   KW0EQ0100085

KUWAIT FINANCE HOUSE K.S.C.P.

(KFH)
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Kuwait Finance House K S C P : KFH Signs Two Agreements with King Hussein Cancer Foundation and Kuwait Red Crescent

11/17/2021 | 04:47am EST

Acting Group CEO at Kuwait Finance House (KFH) Abdulwahab Essa Al-Rushood signed two donation agreements with Kuwait Red Crescent Society, represented by the Secretary General, Maha Al-Barjas and King Hussein Cancer Foundation, represented by HRH Princess Ghida Talal, the Chairperson of King Hussein Cancer Center in Jordan, for the treatment of cancer patients of the Syrian and Ghaza Strip refugees in Jordan.

Attendees at the signing ceremony, held at King Hussein Cancer Foundation premises in the Jordanian capital, were HE the Ambassador of Kuwait in Jordan, Aziz Al-Deehani, Kuwait Red Crescent Society Consultant - Mesaed Al Enizi and the General Manager - King Hussein Cancer Foundation - Nisreen Qatamesh.

During the signing ceremony, Al-Rushood indicated that the humanitarian aid presented by KFH to King Hussein Cancer Foundation is part of the social and relief activity which the bank conducts within the framework of its social responsibility and commitment.

He added that the donation presented by KFH shall be partially allocated for the treatment of Ghaza refugees while the other part shall be utilized for the treatment of Syrian refugees. He expressed his pride in concluding the partnership with the Kuwait Red Crescent Society for the execution of qualitative human and relief programs.

Al-Rushood emphasized that KFH always considers social and human work as a priority. He added that the relief initiatives were and still at the top of its schedule, thus referring to the several successful programs of cooperation with the Kuwait Red Crescent Society inside and outside Kuwait. These programs have proved KFH leading and pioneering position in social responsibility and the long and distinguished record of social initiatives and achievements.

Meanwhile, HRH Princess Ghida Talal, Chairperson of King Hussein Cancer Foundation in Jordan, expressed her appreciation and gratitude to the State of Kuwait and to KFH initiative to support King Hussein Cancer Center as part of its social and relief efforts.

From her side, Al-Barjas praised and appreciated KFH social and relief efforts and stated that the present cooperation between the Kuwait Red Crescent Society and King Hussein Cancer Center goes back to 2016 as the treatment expenses of many cancer patients were covered.

She added that the allocation of part of the human donation presented by KFH to the patients from Ghaza Strip takes into consideration the difficult conditions which the inhabitants of the strip live and the lack of medicines and care which cancer patients are experiencing.

It is worth mentioning that KFH has signed an agreement with the Kuwait Red Crescent Society to execute relief and medical projects for the Syrian refugees in Jordan in cooperation with the Jordan Red Crescent. The agreement covers winter clothing, medical relief, Kuwaiti doctors' participation in surgical operations, provision of one year food supplies, a clinic, and other social activities.

Disclaimer

Kuwait Finance House KSC published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 09:46:05 UTC.


ę Publicnow 2021
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Sales 2021 798 M 2 643 M 2 643 M
Net income 2021 233 M 772 M 772 M
Net Debt 2021 - - -
P/E ratio 2021 32,7x
Yield 2021 1,94%
Capitalization 7 623 M 25 215 M 25 249 M
Capi. / Sales 2021 9,55x
Capi. / Sales 2022 8,74x
Nbr of Employees 15 000
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Number of Analysts 5
Last Close Price 0,91 KWD
Average target price 0,56 KWD
Spread / Average Target -38,8%
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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
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