Kuwait: As part of its efforts to continuously improve customer satisfaction, KIB revamped its property management services, now offering a full suite of integrated solutions. One of the Bank’s leading departments, the Property Management Department (PMD) provides customers with a comprehensive package of integrated property management services, thereby facilitating the management of real estate for private property owners, institutions, as well as government entities.

On his part, Head of the PMD at KIB, Yousef Al-Ajeel, said: “KIB always seeks to provide its customers with exceptional services across a myriad of areas. Nowadays, property management is no longer restricted to institutional owners, as it now includes individual owners. Accordingly, the PMD has taken into account these diverse needs, offering property management solution to clients ranging from individual property owners to large private institutions and government entities. We manage a number of commercial complexes, markets, investment properties, as well as residential buildings."

Al-Ajeel added that the PMD offers key services at competitive prices through different units, including a unit for marketing and managing properties, as well as a unit responsible for emergency and routine maintenance services to ensure proper upkeep and safety of properties. Additionally, through another unit, the PMD offers legal services to advise clients on property transactions and resolve legal disputes; accounting services to prepare financial statements and accounting reports; and rent collection services to collect rent on behalf of property owners and provide online payment services. Services also include holding public auctions at the request of property owners, in line with local real estate laws and regulations.

Established in 1976, the Property Management Department at KIB aims at delivering comprehensive property management solutions to current and potential clients in Kuwait, supporting them in managing various types of real estate.

About KIB

Kuwait International Bank (KIB) is a bank that operates according to the Islamic Shari’ah, based in the State of Kuwait. Incorporated in 1973, and originally known as Kuwait Real Estate Bank, KIB made the transition to its current Islamic operating model in 2007.

KIB is a full service Bank operating through a network of branches spread across the State of Kuwait, and offering a broad range of banking products, services and solutions in accordance with the principles of the Islamic Shari’ah. The Bank’s mission and vision also encompasses a leading social responsibility program that aims at supporting every member of Kuwait’s society by spearheading a multitude of initiatives and activities.

In 2015, KIB embarked on a comprehensive strategic plan, aimed at improving the Bank’s performance indicators, as well as enhancing the quality of its products and services. The strategy focuses on propelling the Bank to the forefront of the Kuwaiti banking sector and setting it on a solid path to becoming the “Islamic Bank of Choice” in the market.

Today, KIB is in the midst of its new strategic transformation: a comprehensive and long-term program which is aimed at transforming the way KIB engages with customers across every touch point and communication channel. This new strategy focuses on offering a next-level customer experience that delivers much more than just “banking” in the traditional sense - but rather establishes KIB as a partner in every aspect of its customers’ lives; a true “bank for life”.

© Press Release 2018

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