Kuwait Finance House (KFH) recently took part in the fifth Baiti Expo for construction. The event was sponsored by the Public Authority for Housing Welfare and held under the patronage of Minister of State for Housing Affairs, Abdul Latif Hamed Al-Mishari. KFH's participation highlights its dedication to offering a wide variety of excellent financing options for customers' construction and design needs.

The Baiti Expo, held over four days at the Arena Kuwait in 360 Mall, is recognized as Kuwait's largest construction industry event. Serving as a hub for construction, furnishings, and home decor, it offered a complete showcase of home-building essentials. The event brought together over 80 local and regional companies in one venue.

Distinctive offers

KFH Deputy General Manager of Products, Nehal Al-Musallam revealed that the bank provides a range of distinctive and varied financing options. These include a housing finance product for purchasing, building, or renovating properties, offering up to KD 70,000 with a repayment period of up to 15 years. Additionally, KFH grants customers a grace period of up to 12 months for the initial installment to help reduce financial strain.

She stated that KFH, working with a curated group of local suppliers, provides exclusive offers, including promotions and discounts on top-tier, modern construction equipment. These deals aim to attract investors and other stakeholders, aligning with the ongoing expansion of the nation's real estate and construction industries.

Innovative financing solutions

Al-Musallam highlighted that KFH provides diverse financing options, such as Financing against Cash Collaterals, a commercial financing product for retail customers. This option is backed by a lien on the customer’s deposit, which remains intact, enabling the customer to keep earning profits from it. Customers can apply for this financing via KFHonline.

KFH also introduces Kuwait's pioneering "Financing Against Gold Account Collateral" product, enabling customers to secure financing using their gold bullion as collateral. This innovative solution allows customers to leverage the value of their gold without selling it, offering a unique financing option that enhances customer experience and meets their financial needs.

Al-Musallam explained that KFH provides a deferral option, enabling customers to skip one installment annually. This service allows them to choose a different month to defer each year during the financing term, depending on their individual requirements.

Strategic partner

KFH's role as a strategic partner in the exhibition highlights its key position in financing construction projects and advancing urban development. This involvement supports economic growth and emphasizes KFH's significant contribution to the success of events and exhibitions focused on Kuwait's economic landscape, particularly in critical sectors such as industry and construction.

Dedicated team

A dedicated team of direct sales and financing services staff was stationed at KFH booth to address customer and visitor inquiries. They were on hand to clarify the bank’s financing options, which cater to all construction needs at different stages.

It serves to note that Baiti Expo offers KFH a platform to engage directly with customers and participating companies to highlight its financing services. Additionally, KFH can build cooperative partnerships and collaborate with suppliers and merchants to fulfill customer requirements.