KUWAIT CITY, July 31: Kuwait Finance House (KFH) Group has announced its voluntary exit from the Malaysian market and the subsequent voluntary liquidation of its subsidiary, KFH-Malaysia. In a statement published on the Boursa Kuwait website on Wednesday, KFH indicated that this exit aligns with its international business strategy, which focuses on expanding in the Gulf and Middle East regional markets.

KFH-Malaysia is currently assessing the potential sale of certain segments of its business portfolio to interested buyers, pending regulatory approvals. The subsidiary remains committed to protecting customers' interests and ensuring a smooth and transparent transition with minimal disruption to customers and business partners.

The statement also clarified that this decision does not affect the group's dedication to its operations in other markets. It noted that the provisions resulting from the voluntary liquidation are not expected to have a significant impact on the group's overall financial position.