Kuwait: Kuwait Finance House Group (KFH) has established a partnership with Brilliant Lab, an accelerator for emerging technology projects that has been developing technology projects in Kuwait since 2013. KFH invests in the company through its investment arm, KFH Capital.
KFH's partnership with “Brilliant Lab” is part of the bank’s social responsibility and keenness to support innovation and technological development initiatives. This reflects the interest of KFH in the youth segment, contributing to the development of talent among youth and establishing a scientifically developed generation capable of keeping up with the latest technologies.
In the presence of CEO of KFH Bahrain, Abdulhakeem Al-Khayyat and Chief Private Equity and Direct Investment Officer at KFH Capital, Mohammad Hamad Al-Hajeri, a delegation from KFH Bahrain, visited “Brilliant Lab” to highlight the initiators residing in Brilliant Lab.
Al-Khayyat said that “Brilliant Lab” offers outstanding services and utilizes outstanding global expertise, which adds a competitive advantage. As for the establishment of their headquarters in the Kingdom of Bahrain, this is due to their confidence and faith in the Kingdom of Bahrain and its strategic location in the region.
Meanwhile, Al-Hajeri said that” This visit to "Brilliant Lab", the first after the opening, was very pleasing. We observed “Brilliant Lab” from the beginning. We believe in the country, the talent and the start-up companies, ‘Start Ups’. “
“We also seek to provide an appropriate working environment for these initiative companies to contribute to their success.” He added. Al-Hajeri praised the local value in the Kingdom of Bahrain, which contributes to a fertile ground for ‘start Ups’.”
“Brilliant Lab” founder Neda Al-Dihany said that:” “Brilliant Lab” provides training and rehabilitation programs needed by any entrepreneur in the technology enterprise sector. We provide training camps as well as expertise from all over the world, such as Stanford and IE Business School,”.
“We have been working on this project for 7 years, and there are more than 70 technology projects from Kuwait. The excellent partnership with KFH helped develop this accelerator.” Al-Dihany added.
He explained that a joint work space was built on an area of 800 square meters in Manama, providing licensing services, offices and joint work spaces for Kuwaiti projects that aspire to expand in the Gulf market.
Al-Dihany concluded that the partnership with KFH, particularly with KFH Capital, came out of the belief in the importance of start-ups and to help large companies digitally transform their services.”
KFH Capital, the main investment arm of KFH, has invested in Coded and Skiplino, and many other initiating companies which benefits KFH Group in digitalization transformation and benefits the initiating companies with partnering with KFH Group, underscoring KFH's outstanding role in the development of society and highlighting the achievements of its youth at various levels.
© Press Release 2019