Service will be implemented in tandem with 2015 financial results

Kuwait, June 27 2015: Kuwait Finance House (KFH) has inked a memorandum of understanding with Kuwait Clearing Company (KCC) in which cash dividends can be transferred into shareholders' accounts electronically. This service will be effective in financial year end 31 December 2015 in tandem with financial results announcement. The service provides an efficient, time-saving and convenient banking experience to KFH's shareholders as they are not requested any more to visit Kuwait Clearing Company to take dividends cheques as per the old system.

The MOU included terms of cooperation and coordination between KFH and KCC in regarding the exchange of information of shareholders wishing to transfer their cash dividends by the end of the year into their bank accounts without having to issue cheques of their names which prompts them to visit the KCC.

It's worth noting that this service is optional. For those wishing to follow the new system, an application request should be submitted to KFH in order for them to avail the service. In addition, KFH shareholders can visit KCC website and fill in the service application. Then, the KCC provides KFH with shareholders' information to complete the procedures of transferring dividends process.

This new service reflects KFH's keenness to adopt the latest technology to provide its clients with a unique banking experience. The service also confirms KFH's put forth efforts in achieving fruitful cooperation with KCC that plays an important role in this field thanks to its massive experience and high caliber human resources.

KFH works tirelessly to improve its services system in an effort to encompass all segments and cover all fields in a balanced manner. 

Kuwait Finance House (KFH)
KFH was established in Kuwait in 1977 and is enlisted in the Kuwait Stock Exchange. KFH Group is a global pioneer in the field of Islamic banking services, where it offers a wide array of Islamic products and services, not to mention a high standard of innovation and client service.

KFH manages its operations in the GCC, Asia, and Europe through over 380 branches, including KFH-Turkey, in order to offer services for the bank's clients in Turkey, Malaysia, Saudi Arabia, Bahrain, Australia, Jordan, Dubai, and Manheim in Germany.

KFH's mission is to achieve highest levels of excellence and innovation in the field of client service, while developing common interest for all those concerned with the financial institution. KFH's vision is to spearhead the global development in Islamic financial services, and to upgrade the bank into the level of becoming the most sustainable profitable Islamic bank in the world.

KFH's values include cementing leadership through all its businesses, including leadership in the Islamic banking services worldwide, through innovation and in client service and the development of its employees. In addition, KFH is committed to all its procedures, and to setting up long-life partnerships with the concerned authorities.

For more information, please visit: www.kfh.com

© Press Release 2015