Kuwait Finance House (KFH) and Kuwait Airways have signed a Memorandum of Understanding (MoU) to enhance their partnership and drive growth in the banking and aviation sectors. The agreement aims to improve banking services for both customers and employees of the two parties while strengthening their cooperation to serve mutual interests.

Kuwait Airways Chairman, Captain Abdulmohsen Salem Alfagaan said: “We are honored at Kuwait Airways to sign this MoU with KFH, a pioneer in the banking sector both locally and regionally. This protocol has been an expected progress to expand the shared services with one of Kuwait Airways longstanding partners.”

He added that Kuwait Airways places significance on strengthening ties with leading national institutions. “This represents a milestone in expanding the company’s strategic partnerships across the public and private sectors, reflecting our shared commitment towards delivering outstanding services that enrich customer experience and support the national economy.”

Alfagaan indicated that Kuwait Airways firmly believes that enhancing cooperation with KFH Group will undoubtedly have a positive impact on both institutions. “We look forward to seeing the outcomes of this initiative materialize soon, contributing to enhancing both institutions standing, serving their customers and meeting their needs through an added-value offerings,” he remarked.

Alfagaan concluded: “On behalf of Kuwait Airways, I extend our sincere appreciation to all concerned departments at KFH for their dedicated efforts in finalizing this protocol. We beseech the Almighty for continued success in serving our country under the wise leadership of His Highness the Amir and His Highness the Crown Prince, may Allah protect them."

In a statement following the signing of the Memorandum of Understanding, KFH Group CEO, Khaled Yousef AlShamlan said, "We are pleased to have signed this agreement with Kuwait Airways. We are confident that this partnership will open up new opportunities and contribute to achieving the shared objectives of both parties, benefiting both institutions and their customers. We look forward to implementing the terms of the agreement and continuing to explore new opportunities for further development and growth."

"The MoU aims to strengthen the long-standing relationship between KFH and Kuwait Airways. It also reflects the bank's leadership in partnering with key public and private sector institutions. The collaboration will focus on developing new services and loyalty programs, sharing expertise, and ultimately meeting the needs of both the community and customers," He added.

AlShamlan said:" At KFH, we believe that collaborating with leading national institutions is essential for the benefit of Kuwaiti society and the national economy. This approach is in line with Kuwait Vision 2035, which emphasizes public and private sector partnerships, promotes integration across vital sectors, and encourages joint initiatives that improve service quality and support sustainable development."

He stated that the Memorandum of Understanding demonstrates KFH's commitment to providing added value to its customers. He also noted that Kuwait Airways, founded in 1953, is one of the oldest airlines in the Middle East, and this collaboration will significantly contribute to their shared goals and vision.