Kuwait Finance House Strengthens Presence in Egypt with Ahli United Bank Acquisition

Kuwait Finance House (KFH), the largest bank in Kuwait by market value and a publicly listed private-sector entity, has expanded its global Islamic banking operations into Egypt. Following the acquisition of Ahli United Bank Bahrain in 2022, this strategic move includes the transition of Ahli United Bank Egypt into a fully Sharia-compliant entity under the new identity, KFH Egypt. This acquisition is part of KFH’s broader strategy to solidify its presence in key markets worldwide and maintain its position as a leading Islamic bank globally. KFH Chairperson Hamad Al-Marzouq highlighted the significance of this expansion, noting its potential to strengthen Egypt's Islamic banking sector and contribute to national economic growth. Under the slogan 'Horizons Without Limits', KFH is committed to innovation, operational efficiency, and superior customer experience through digital transformation. CEO Hala Sadiq emphasized the bank's readiness to leverage KFH Group's financial strength to deliver innovative, Sharia-compliant solutions in alignment with evolving customer demands. The rebranding marks complete integration into the KFH Group, ensuring unchanged existing contractual terms until maturity. Financially, KFH Egypt achieved a 65% surge in net profits to EGP 5.5bn, with total assets and customer deposits showing significant growth. With 44 branches nationwide, KFH Egypt is positioned to drive financial inclusion and support economic development through Sharia-compliant financing solutions.