Kuwait Finance House announces strategic transition in Malaysian market

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

Sunbiz Notizia

Italia Ultime Notizie,Italia Notizie

KUALA LUMPUR: Based on the Kuwait Finance House K.S.C.P. (the Group)’s international business strategic review to focus and expand in regional markets...

Based on the Kuwait Finance House K.S.C.P. ’s international business strategic review to focus and expand in regional markets , the Group has decided to voluntarily withdraw from the Malaysian market and wind down Kuwait Finance House Berhad .

Acting CEO, Ida Aizun Husin, said “KFHMB is profitable and remains solvent as we approach this transition with a strong financial foundation, ensuring that all our commitments are met with the highest level of responsibility. Our primary focus is to facilitate a smooth transition, reflecting our deep appreciation for the business partnerships we have developed in Malaysia. We do not foresee any service disruptions to clients, employees, and partners.

In a press statement, it said that as part of ensuring a smooth transition, KFHMB is exploring the potential sale of certain portfolio segments to prospective buyer, all subject to regulatory approvals. The Group added that the entire process will adhere strictly to Malaysia's regulatory frameworks, ensuring compliance with Shariah principles.

“KFHMB extends its gratitude to the Malaysian government and various regulatory bodies whose support has been unwavering. We look forward to maintaining strong ties as we navigate through this transition,” it said.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 25. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Malaysia, Kuwait discuss acquisition of F/A-18 Hornet fighter jetsKUALA LUMPUR: Malaysia is in discussions with Kuwait to acquire F/A-18 Legacy Hornet aircraft from the Kuwait Air Force (KAF) for the use of the Malay...
Fonte: theSundaily - 🏆 25. / 51 Leggi di più »