- A guarantee issued from KFH according to client's request, as commitment by the client to fulfill contracting terms with governmental institutions and major corporates. Provision of such guarantee is a mandatory pre-requisite for entering government and private sector tenders. KFH issues different types of them depending on the project and customer desire.
Main parties of “Letter of Guarantee”:
- First party: Kuwait Finance House client.
- Second party: Kuwait Finance House.
- Third party: Beneficiary of the “Letter of Guarantee”.