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Monday, November 23 - 2009

Al-Thaqeb, KFH ready to meet financial needs of corporations, merchants within credit limits

Kuwait Finance House (KFH) Assistant General Manager for Financing Sector Emad Al-Thaqeb said that KFH is willing to consider the request of corporations and merchants to meet their financial needs, according to credit regulations.

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  • Emad Al-Thaqeb
    Emad Al-Thaqeb
Al-Thaqeb explained in a press release that KFH has been continuously financing its clients for the past two months, where large sums of money were given to merchants and corporations. He stressed KFH's eagerness to continue its role in this field without hesitation, as long as the credit limits are followed. This comes to reveal KFH's understanding of the circumstances of the global markets that are reflected on the local and regional markets. This will help corporations and merchants to proceed and develop their business to overcome the crisis, in addition to boosting their productivity and building a solid platform for them to be able to face any other challenges.

Moreover, he added that this trend will cement the relationship between KFH and businessmen, boost growth and development, and limit fears that dominate markets. This is an effort that KFH exerts as a market maker, in addition to being a leading financial establishment that carries the responsibility of the society.

Al-Thaqeb noted the success that KFH has achieved in providing $155m to finance commercial real estate corporation through sukuk deal that KFH has orchestrated with Liquid Management House. Many regional and global banks were attracted to finance a Kuwaiti corporation, which reveals KFH's ability to meet the financial needs of corporations and merchants, in addition to providing it through a bouquet of Islamic financial products.
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