Kuwait Finance House to exit Malaysia after almost two decades of operations

KUALA LUMPUR: Kuwait Finance House KSCP said it has decided to voluntarily withdraw from the Malaysian market and wind down Kuwait Finance House Bhd after 19 years of operation.

"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,” she said. According to its website, KFHMB is the first foreign Islamic bank that was granted a licence under the Islamic Banking Act 1983 on May 8, 2005 and commenced branch operations on Aug 8, 2005.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Kuwait Finance House announces strategic transition in Malaysian marketKUALA 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...
Источник: theSundaily - 🏆 25. / 51 Прочитайте больше »

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...
Источник: theSundaily - 🏆 25. / 51 Прочитайте больше »

Malaysia on track to reclaim ‘Asian Tiger’ status, says finance minister II, after optimistic analyst feedbackSINGAPORE, July 28 — Positive outlook from analysts and rating agencies, supported by encouraging economic figures, signals that Malaysia is making great strides to reclaim its...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »