Kuwait Finance House (KFH) received Kuwait`s Best Bank for Sustainable Finance in 2023 Award during the Investment Banks and Sustainable Finance Awards Ceremony hosted annually by Global Finance Magazine. KFH Capital, the investment arm of KFH Group, also picked up Kuwait`s Best Investment Bank Award.

KFH was named as Kuwait`s best bank for sustainable finance by the respected editors and researchers at the global leading financial publication, with input from a range of executives, investors and consultants worldwide. Criteria for evaluation include governance policies and goals, achievements in environmental and social sustainability financing, industry leadership and third-party assessments.

Furthermore, global and regional awards require submissions detailing hard measures of ESG activity, such as year-on-year growth in sustainable instruments or green Sukuk as a percentage of total Sukuk, as well as softer metrics such as goal alignment with leading ESG norms or innovative product development.

KFH General Manager Corporate Banking, Yousef Almutawa said” We are proud to be recognized by Global Finance as Kuwait`s Best Bank for Sustainable Finance. This achievement serves as a recognition and a testament to our longstanding leadership in sustainable Islamic finance and drives our commitment to create more sustainable future.”

Almutawa added “During its 46-year journey of excellence, KFH has led the Islamic banking sector as demonstrated by its comprehensive approach to scaling up sustainable finance, bringing robust Sharia- compliant sustainable solutions, and implementing an in-depth transformation of its governance, processes and skills”.

Best Investment Bank

In its annual review process, Global Finance named KFH Capital as Kuwait`s Best Investment Bank 2023, using a series of criteria to select the winner of this award, including market share, number, size and complexity of deals, service and advice, structuring capabilities, distribution network, efforts to address market conditions, innovation, aftermarket performance of underwritings and market reputation.

Abdulaziz Al-Marzouq, CEO at KFH Capital, said that “Over the course of the past years, KFH Capital has long been a fully-fledged investment house of choice for equity and Sukuk transactions and advisory services thanks to its comprehensive range of tailored financial services, successful combination of innovation, and the strengthening of its electronic platforms.”

He explained: “This accolade recognizes our consistent efforts to maintain our position as a primary gateway to capital markets for Kuwait and our markets. It also reflects the precious trust we built with our clients by meeting their financing needs and exceeding the growing sophistication of financial products and services.”

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