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TRANSCRIPT
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Kuwait Finance HouseGroup Chief Executive Officer
Date: 20 October 2021 20
2021/ 290/01 /23 :S,U$I
2021Ref: 23/01 / 290 /2021
To: Chief Executive Officer (JJiaiT tl /Jg-uJI
Boursa Kuwait
Peace, Mercy and Blessings of Allah be upon you,
Subject: Disclosure of Material Information djjja^eJI vliUjlxll
CBK Approval on KFH’s Interim Condensed Consolidated Financial Information
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In reference to the above, and in line with Kuwait Finance House 'KFH' interest in adhering to Article (4-1-1/28) of Chapter 4 ‘Disclosure of Material Information’ of CMA Executive Bylaws Book 10 (Disclosure and Transparency), KFH would like to report the following: ■ It i
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• Central Bank of Kuwait has issued their approval on the KFH’s Interim Condensed Consolidated Financial Information for Q 3 / 2021.
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• The Analyst Conference will be conducted at 2 p.m. on Thursday 28 October 2021 through live broadcasting on internet (Live Webcast).
• The Interested Parties could communicate with the bank via the Email ([email protected]) to obtain the invitation and other details.
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Attached, the Appendix (11) ‘Disclosure of Material Information' and the ‘the 'Financial Results Form' for the period ended as of 30 September 2021’. The same been submitted to Capital Markets Authority.
Best Regards, tj*i>>.yi jpii i^. I .XA
Abdulwahab Issa Al-Rushood
Acting Group Chief Executive Officer
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KUWAIT FINANCE HOUSE KSCP | State of Kuwait Headquarters Trade Registration No 26066 | Authorized Capital KD 1.264.155,193 Issued and Paid Up Capital KD 844.155,193P.O.Box24989, Safat 13110, Kuwait | T: ‘965 2245 5862 - ‘965 2242 9943 | F: *965 2241 3920 ytm vsr- ^ | .s'o n: E: [email protected] ] www.kfh.com
20 October 2021 2021 20
Kuwait Finance House (KFH) CjUj
Appendix (11) (11) (cij
Disclosure of Material Information Form
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CBK Approval on KFH’s Interim Condensed Consolidated Financial Information
Q 3 / 2021
CjLjjJjlU (jX rUsxflVIDisclosure of Material Information
Date Listed Company
2021^^1 20"wliij" ojj20 October 2021 Kuwait Finance House (KFH)
j\^U.Disclosure Title
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2021 ^JUII
CBK Approval on KFH’s Interim Condensed Consolidated Financial Information
Q 3 / 2021
Material Information
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• Central Bank of Kuwait has issued their approval on the KFH’s Interim Condensed Consolidated Financial Information for Q 3 / 2021.
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• The Analyst Conference will be conducted at 2 p.m. on Thursday 28 October 2021 through live broadcasting on internet (Live Webcast).
• The Interested Parties could communicate with the bank
via the Email ([email protected]) to obtain the
invitation and other details.
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Effect of the Material Information on the Company’s Financial Position
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Significant Effect on the financial position shall be mentioned if the material information can measure that effect, excluding the financial effect resulting from tenders or similar contracts.
If a Listed Company, which is a member of a Group, disclosed some material information related to it and has Significant Effect on other listed companies’ which are members of the same Group, the other companies' disclosure obligations are limited to disclosing the information and the financial effect occurring to that company itself.
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(.kilo)Financial Results Form Kuwaiti Company (KWD)
Company Name^5^)1 CujKuwait Finance House (K.S.C.P)
J ^iill jiUi2021-09-30Third quarter results Ended on
Sjbyi v Loi-^l2021-10-07Board of Directors Meeting Date
LfiLijJ k_L>I^JI il-«dIRequired DocumentsApproved financial statements.Approved auditor's reportThis form shall not be deemed to be complete unless the documents mentioned above are provided
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Nine Month Comparat Nine Month Current Period
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PeriodChange (%) Statement2021-09-302020-09-30
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168,087,643 Net Profit (Loss) represents the amountattributable to the owners of the parent Company
66.1% 101,207,466
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20.0866.0% 12.10Basic & Diluted Earnings per Share
aJjloiU11,857,226,875 12,177,872,1452.7%
Current AssetsJLa^-J
4.8% 20,961,309,450 21,971,330,508Total Assets
4JjI_LlU kiiU^llniU3.0% 14,810,939,705 15,260,937,305
Current LiabilitiesJLa^!
19,649,164,4053.8% 18,921,357,237Total Liabilities
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1,928,912,993 Total Equity attributable to the owners of the Parent Company
3.0% 1,872,620,846
^bl^yi JLa^.!590,793,002-5.1% 622,720,897
Total Operating Revenue4,1,.^Ill (S^U^l) JU
364,262,227-9.3% 401,755,977Net Operating Profit (Loss)
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Accumulated Loss/ Paid-Up Share CapitalNo accumulated
losses
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4-JU.I ^jLsLJIFinancial Results Form Kuwaiti Company (KWD)
1
KUWAIT FINANCE HOUSE. KSCP | State of Kuwait Headquarters Trade Registration No 26066 | Authorized Capital KD 1.264.15S. 193 Issued and Paid Up Capital KD 844.155.193P.O.Box 24989, Safat 13110, Kuwait | T: -965 180 0700 | F: ‘965 2245 5135 E: [email protected] | wwwkfh.com
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(%)jujuJI JUJI ^JUJI jjjJI Third quarter Current Period
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Change (%) Comparative Period Statement2021-09-302020-09-30
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Net Profit (Loss) represents the amount attributable to the owners of the parent Company
48.8% 44,290,466 65,894,910
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Basic & Diluted Earnings per Share7.8748.8% 5.29
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-6.0% 202,983,897 190,737,733Total Operating Revenue
4J^U]I (SjUicJI) ^ji\ ^116,277,400-13.3% 134,134,977
Net Operating Profit (Loss)jjhn jj^ji v •• Not Applicable for first Quarter
(SjUtLiJI) jjjJI JUoIncrease/Decrease in Net Profit (Loss) is due to
The increase in net profit attributable to the Shareholders of the Bank for the nine months ended 30 September 2021 by 66.1% compared to the same period in the last year was primarily due to the decrease in provisions and impairment charged to the consolidated statement of income by 51.9% compared to the same period last year as a result of higher expected credit losses and impairment recorded during the comparative period.
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Total Revenue realized from dealing with related parties (value, KWD)
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(.J.a ^1)41^15,871,000
Total Expenditures incurred from dealing with related parties (value, KWD)
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KUWAIT FINANCE HOUSE. KSCP | State of Kuwait Headquarters Trade Registration No 26066 | Authorized Capital KD 1.264.155.193 Issued and Paid Up Capital KD 844,155,193P.O.Box 24989, Safat 13110, Kuwait | T: ’965 180 0700 | F: *965 2245 5135 E: [email protected] | www.kfh.com
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CiLLwJcJI —aSI jj»Auditor Opiniont/bUnqualified Opinion .11.
Qualified Opinion .22. □cl_uj fjs.Disclaimer of Opinion .33. □
Adverse Opinion .44. □In the event of selecting item No. 2, 3 or 4,the following table must be filled out, and this form is notconsidered complete unless it is filled.
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KUWAIT FINANCE HOUSE. KSCP | State of Kuwait Headquarters Trade Registration No 26066 | Authorized Capital KD 1.264.155,193 Issued and Paid Up Capital KD 844,155,193P.O.Box 24989, Safat 13110, Kuwait | T. -965 180 0700 | F -965 2245 5135 E: [email protected] | www.kfh.com
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KUWAIT FINANCE HOUSE. KSCP | State of Kuwait Headquarters Trade Registration No 26066 | Authorized Capital KD 1,264.155.193 Issued and Paid Up Capital KD 844,155,193P.O.Box 24989. Safat 13110, Kuwait | T -965 180 0700 | F: -965 2245 5135 E: [email protected] | www.kfh.com
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