Kuwait Finance House Group (KFH Group) has announced a USD 13 million contribution to the Kuwait Emergency Response Fund, a national initiative launched by the Kuwait Fund for Arab Economic Development (KFAED). Additionally, the Group requested providing USD 6 million to repair damaged power stations, reinforcing its commitment to national and social responsibility, enhancing the country`s readiness, and safeguarding vital infrastructure.

Chairman of KFH, Hamad Abdulmohsen Al-Marzouq said that supporting strategic national initiatives is integral to KFH`s corporate mission and developmental role. He noted that KFH`s continuous contributions to initiatives promoting sustainable development, security, and stability are guided by core values of responsibility, community partnership, and its pioneering national role.

Al-Marzouq expressed KFH`s pride in serving as an active partner in major national initiatives that strengthen the nation`s readiness to navigate emerging challenges. He explained that contributing USD 13 million to the Kuwait Emergency Response Fund and USD 6 million to restore damaged power stations reflects the bank`s belief in building a sustainable institutional framework to address strategic priorities. This approach enhances emergency response efficiency, safeguards essential services, and underscores the bank`s unwavering commitment to its national role, particularly during exceptional circumstances.

Al-Marzouq emphasized that KFH remains committed to supporting impactful national initiatives, strengthening integration between state institutions and the private sector to serve the national interest and advance sustainable development in Kuwait.

Strategic contributions

KFH possesses a distinguished track record in supporting national and community initiatives, with key contributions including:

• Contributing KD 15 million to construct and equip the Cardiac Diseases and Research Center at Mubarak Al-Kabeer Hospital.
• Constructing the Addiction Treatment Hospital and opening its tenth ward, at a total cost of KD 4.5 million.
• Contributing KD 8 million for the reconstruction of the area damaged by the fire in Al-Mubarakiya.
• Contributing KD 20 million to construct 15 ambulance centers to support the healthcare system.
• Launching a strategic initiative in cooperation with the Ministry of Justice to relieve defaulting debtors, where the Bank has contributed over KD 61 million since 2019.
• KFH also participated with a major share of KD 10 million Covid-19 Government Relief Fund, alongside an additional standalone contribution.

About Kuwait Emergency Response Fund

The Kuwait Emergency Response Fund was established by a Council of Ministers resolution as a dedicated account managed by KFAED, with an initial capital of USD 100 million. The Fund supports national efforts to strengthen the country`s preparedness for emergencies and exceptional circumstances.

The Fund mobilizes and directs financial resources toward priority projects, focusing on rehabilitating damaged infrastructure and supporting national efforts to repair vital facilities in Kuwait.