Al-Omar: Branch serves as marketing tool to serve client everywhere
Al-Ahmadi Governorate Sheikh Ibrahim Al-Sabah praised Kuwait Finance House (KFH) for its significant role in the national economy, in addition to its contributions in various aspects of life, which makes it a successful model for the private sector. He added during the opening of KFH's branch in Al-Sabahiya that KH is a source of pride in Kuwait and overseas. He went on to say that KFH managed to recruit and train qualified employees who excelled in the field of Islamic banking.
Moreover, KFH's CEO Mohammed Al-Omar stated that the expansion policy and the opening of new branches, in addition to the growth in market share and client base, proves the success of its financial and legislative policy, which makes KFH highly appreciated in Kuwait and overseas. He asserted that such success is a result of continuous efforts for more than three decades, where KFH offered its clients and shareholders billion of dinars in the form of profits and distributions that were highly appreciated by them.
Furthermore, Al-Omar said that KFH is shows interest in the local market and continuously works to increase its market share through innovating competitive services and products, which makes it one of the most prestigious banks in the world, especially that KFH innovated 10 products and services from the beginning of this year. In addition, KFH's banks in Malaysia, Turkey and Bahrain continue their expansion plans in those countries and neighboring markets, not to mention linking those markets to Kuwait and the GCC. Al-Omar renewed his optimistic vision of regarding the ability of the Kuwaiti economy to recover from the negative impact of the financial crisis, under the efficient leadership of the Central Bank of Kuwait, in addition to the decisions taken by the government and the parliament, which led to encouraging laws. However, he noted that more decisions need to be taken to boost the economy and cement the role of the private sector, such as the sukuk draft law, since this law can assist in overcoming the problem of financing that the companies are facing, especially that they do not burden the budgets of the companies like other financing tools do, not to mention te fact that they are easy to liquidize.
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© Press Release 2010
