KFH-Saudi inks agreement ceremony with KFH-Research
Agreement offers analyses, studies concerning bourse, economic sectors
Saudi Kuwaiti Finance House inked an agreement ceremony with KFH-Research, in an attempt to reach solutions and innovations that boost the investments of clients through careful monitoring of the developments of the local and global markets.
The agreement cements the role of the bank and KFH-Research to seize investment opportunities that achieve sustainable profit, and creates feasible investment opportunities in the Saudi market.
Saudi Kuwaiti Finance House CEO Abdul Aziz Al-Othman stated that the strategic partnership with KFH-Research will positively impact the development of the Islamic finance services industry, and will lead to investments with sustainable profit. He added that the Middle East region is an important market that is suitable for investments, and went on to explain that through this partnership, the bank will be able to build on this collaboration to trigger significant development in this industry.
Moreover, Al-Othman noted that the bank’s main objective is to play a role in leading the wealth management sector in Saudi Arabia. He stressed that the bank seeks to meet any development that occurs in the market, and works on offering Islamic products and investment opportunities for its clients. He mentioned that KFH-Research was named as best Islamic research firm, and by collaborating with it, the bank will be able to achieve its goal; especially that the collaboration will extend to include reports from other international markets.
Meanwhile, KFH-Research Chairman Fahad Al-Mukhaizeem, said that the development in the field of research and innovation plays a pivotal role in developing the financial services industry worldwide. He added that through this agreement, the bank and KFH-Research underline the importance of reinforcing this development through offering extensive experience regarding opportunities and challenges facing the sector. He went on to say that the bank will play a vital role in financial services, where it was established as part of Kuwait Finance House (KFH) plans to expand worldwide. He noted that the bank plays a prominent role in the Saudi market through issuing Sukuk and managing all forms of investment funds; especially that the Saudi market is known for its robust economy and constant development plans.
It is worth noting that Saudi Kuwaiti Finance House that is located in Riyadh, is fully owned by KFH-Group. It is a leading Islamic institution and offers innovative financing solutions, not to mention several Islamic products, and investment services.
KFH Research Limited is a 100% owned subsidiary of Kuwait Finance House (KFH). KFH is one of the largest Islamic finance institutions in the world with an asset size of USD52bln. Founded in 1977, KFH is 48% owned by the Government of Kuwait, and is the first Islamic bank established in the State of Kuwait. As one of the foremost Islamic Financial Institutions in the world, KFH is now a market leader not only in the Islamic banking industry, but also in the banking sector as a whole, providing a wide range of Shari’a compliant products and services covering banking, real estate, trade finance, investment portfolios and corporate, commercial and retail financial markets.