MARC Ratings has maintained the MARCWatch Developing status on Kuwait Finance House (Malaysia) Berhad (KFH Malaysia), where it has remained since 1 August 2024 following the announcement of its voluntary withdrawal from the Malaysian market and planned wind-down of operations, in alignment with KFH Group's strategic focus on the Middle East.

Progress on the divestment of the bank's retail and corporate financing portfolios continues, with the wind-down process targeted for completion by 2Q2027. The sale of its non-performing retail portfolio was completed in April 2026, while a residual second tranche is pending the sale of its performing retail portfolio, which is progressing through the near-final stages of completion. Most of its corporate financing portfolio has also been offboarded, with only a few accounts remaining. Further developments will be monitored through to the completion of the wind-down process.

Contacts:
Darren Leong, +603-2717 2937/ [email protected]
Ahmad Affan, +603-2717 2946/ [email protected]
Amirah Aisyah, +603-2717 2969/ [email protected]
Elmer Lim, +603-2717 2947/ [email protected]

3 June 2026

[This announcement is available on MARC's corporate website at www.marc.com.my]

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This communication is provided by Malaysian Rating Corporation Berhad and any of its subsidiaries or affiliates ("MARC") based on the information, reasonably believed by MARC to be accurate and reliable to the greatest extent, derived from publicly available sources or provided by the rated entity or its agents. MARC, however, has not independently verified the source of such information and makes no representation as to the accuracy, completeness and timeliness of such information. Any assignment of a credit rating by MARC shall at all times solely be construed as a statement of opinion and not a statement of fact. A credit rating is not a recommendation to buy, sell or hold any security and/or investment.

? 2026 MARC Rat