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MarketScreener Homepage  >  Equities  >  Kuwait Stock Exchange  >  Kuwait Finance House K.S.C.P.    KFH   KW0EQ0100085

KUWAIT FINANCE HOUSE K.S.C.P.

(KFH)
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Kuwait Finance House K S C P : KFH to Launch Opening Bank Account Online for New Customers

11/15/2020 | 04:13am EST

Kuwait Finance House (KFH) succeeded in completing all necessary procedures, tests, and required regulatory approvals, in preparation for the launch of the first digital service of its kind in Kuwait, which is the opening of a bank account online for new customers, within minutes and without the need to visit the branch.

KFH Acting General Manager of Retail Banking, Khaled Al-Subaiei said that, in line with the financial technology strategy (FinTech), the new service will allow new KFH customers to open a bank account online through the KFHonline Application. The service can be used with utmost ease and safety, by implementation the electronic signature, through the digital signature service in collaboration with the Public Authority for Civil Information.

Collaboration with Fintech companies

Al-Subaiei added in a press release that KFH will launch the service in collaboration with the AION digital banking platform, which will provide a set of unique features, including verification of official scanned documents, scanning and copying of digital documents, facial recognition and customer matching using the latest technologies. In addition to being the most secure in this field, there are many other services that are in line with the innovation approach and digital transformation strategy for KFH banking services, offering customers exceptional banking experiences.

Al-Subaiei pointed out that the service is available to citizens and residents in the State of Kuwait, starting from the age of 15, according to the bank's terms and conditions. He expressed his appreciation of the cooperation with AION, which collaborated with (KFH-Bahrain) to launch the 'Jazeel' digital platform. Jazeel banking provides the service of opening bank accounts in Bahrain remotely without the need to visit a branch, and within minutes without the hassle of traveling, for citizens of the Gulf Cooperation Council countries residing in the Gulf, along with a package of the best digital banking solutions.

Disclaimer

Kuwait Finance House KSC published this content on 15 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2020 09:12:05 UTC


© Publicnow 2020
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Financials
Sales 2020 831 M 2 747 M 2 747 M
Net income 2020 143 M 473 M 473 M
Net Debt 2020 - - -
P/E ratio 2020 35,4x
Yield 2020 0,64%
Capitalization 5 346 M 17 622 M 17 670 M
Capi. / Sales 2020 6,43x
Capi. / Sales 2021 6,28x
Nbr of Employees 15 000
Free-Float 51,3%
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Technical analysis trends KUWAIT FINANCE HOUSE K.S.C.P.
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TrendsBullishBullishBullish
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Mean consensus UNDERPERFORM
Number of Analysts 5
Average target price 0,51 KWD
Last Close Price 0,70 KWD
Spread / Highest target -7,54%
Spread / Average Target -27,8%
Spread / Lowest Target -55,3%
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Managers and Directors
NameTitle
Mazen Saad Ali Saad El-Nahedh Group Chief Executive Officer
Hamad Abdulmohsen Hamad Al-Marzouq Chairman
Abdullah Mohammed Abdullah Al-Haous Group Chief Operations Officer
Shadi Ahmed Yacoub Zahran Group Chief Financial Officer
Srood Amed Sherif Group Chief Information Officer
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