Kuwait Finance House (Bahrain) B.S.C. (c) (KFH-Bahrain), one of the leading Islamic Banks in the Kingdom and an integral contributor to the evolution of Bahrain’s Islamic Financial sector, has announced recent plans to transfer the legal ownership of certain real estate investment assets to a subsidiary of its parent company – KFH Real Estate K.S.C in a strategic move to further strengthen and solidify its retail and corporate banking offering and to rationalize its capital structure. KFH-Bahrain intends to continue to manage the real estate portfolio being transferred through a company with its own legal entity. KFH-Bahrain is currently in the process of completing the formalities for transferring the real estate portfolio to the aforementioned subsidiary. The transaction also involves reducing the bank’s paid up capital by BD32.6 million as a result. The bank shall continue to demonstrate compliance with the applicable regulatory ratios after the reduction in the paid up capital. KFH-Bahrain is also maintaining its tier 2 capital, which will be in full compliance with the recent regulations set forth by the Central Bank of Bahrain. KFH-Bahrain will also cancel the treasury shares as they are not needed to be reissued in near future, a move that has no real impact on the capital. KFH-Bahrain is deemed one of the KFH Group’s integral players and is equally committed to push the Group’s vision forward and helping to steer the Group to new heights.