Kuwait Finance House (KFH) may exit investments worth as much as USD400mn this year in Malaysia, according to the Group’s Chief Executive Officer Mazin Saad Al-Nahedh. Al-Nahedh stated that competition in Malaysia is difficult and that the bank can’t compete because it is purely an Islamic bank, and added "This is why the weak market  share is considered our biggest challenge." The lender could exit Malaysia if performance remains the same, but the picture remains unclear, he said. KFH may also consider exiting its stake in Kuwait Energy. (Bloomberg, Zawya, Reuters)
 
Kuwait Finance House: KWD0.64 as of 13 Jan. 2019, Rating: Neutral, TP: KWD0.63/share, MCap: USD13,509mn, KFH KK/KFH.KW