MARC Ratings has maintained the MARCWatch Developing status of Kuwait Finance House (Malaysia) Berhad (KFH Malaysia), which has remained on MARCWatch since 1 August 2024 after KFH Malaysia announced its voluntary withdrawal from the Malaysian market and the planned wind-down of its operations, in line with KFH Group’s strategic reorientation towards the Middle East region.

KFH Malaysia continues to make progress in divesting its retail and corporate financing portfolios, with ongoing support from parent Kuwait Finance House KSC, and remains on track to complete the wind-down by 4Q2026. The rating agency will monitor developments until completion.