|10 September, 2019

Kuwait CMA grants KFH subscription agent license

The license will be valid for a renewable three-year term

Image used for illustrative purpose. Kuwaiti stock brokers look at a computer monitor as it displays falling stock prices in the Kuwait stock exchange .

Image used for illustrative purpose. Kuwaiti stock brokers look at a computer monitor as it displays falling stock prices in the Kuwait stock exchange .

REUTERS/Caren Firouz
Kuwait - Kuwait Finance House (KFH) has received the approval of Kuwait’s Capital Market Authority (CMA) for a subscription agent license.

The license will be valid for a renewable three-year term, according to a bourse statement released on Tuesday.

KFH achieved an increase of 9.4% in profits during the second quarter of 2019 compared to the same period a year ago, recording KWD 56.07 million ($184.7 million).

Source: Mubasher

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