Kuwait: Kuwait International Bank (KIB) recently announced its new strategic partnership agreement with Midas, as part of its commitment to enhance customers’ experiences with the best financing offers on consumer products and services.
The Bank’s collaboration with Midas, which offers customers from both parties flexible financing deals with long-term credit facilities, marks a continuation of KIB’s ‘Best’ financing program; the strongest program of its kind in Kuwait that lives up to the demands of customers’ modern lifestyle. Within the framework of the new strategic partnership, KIB customers will be granted easy financing for a period of up to 24 months. Meanwhile, any Midas customer will be offered a “Mosawama” financing deal, which ranges from KD 300 KD up to KD 25,000, and extends for a period of up to a maximum of 24 months. To apply for the new exclusive financing deal, KIB customers can use the PayTally platform where they will be able to track their request.
Commenting on the announcement, Abdulaziz Al-Shammari, Acting Head of Central Sales at KIB, said: “As a Bank for Life, KIB strives to cooperate with the finest partners from consumer service providers and retailers to reward its customers with the best, most flexible and most convenient banking solution. This latest partnership with Midas is an extension to the comprehensive financing services that the Bank offers its customers, especially those wishing to furnish, decorate or buy supplies for their homes and offices. Much like our many other financing offers, we are confident that this facility will cater to our customers and their needs.”
Furthermore, Al-Shammari expressed the Bank’s pride is concluding this strategic partnership with Midas, underlining that the financing product comes with several benefits, including easy and flexible monthly payments, and convenient grace periods. He further explained that KIB provides comprehensive financing services, including personal financing for consumer goods, that have been constantly in-demand by customers. Al-Shammari also underscored KIB’s persistent efforts to continue providing the best financing offers that add ease and flexibility to the customers’ everyday lives, delivering on its promise to be a “Bank for Life”.
Concluding their statements, Al-Shammari lauded this strategic collaboration for its potential to strengthen relations between the two parties and boost their commitment to reward their customers.
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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. In 2018, KIB embarked on a new phase of its journey full of innovation and development. As part of its new strategic direction, the Bank focuses on offering a next-level customer experience under the slogan: “Bank for Life”.
Through a network of branches spread across the State of Kuwait, KIB offers a broad range of banking products and services, as well as innovative digital banking solutions in line with international best standards. As part of its duty towards the community, the Bank also encompasses a leading social responsibility program that aims at positively impacting all members of the community through a wide range of impactful initiatives and activities.
Today, KIB has taken concrete steps in implementing its new strategic objectives. The Bank has cemented its role as a key player in the local banking industry and has continued to maintain its strong financial performance; enabling it to be globally recognized for its strong credit rating and financial position.
