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Kuwait International Bank signs agreement with KIA Motors

Kuwait: Thursday, May 24 - 2012 @ 16:06

The signing ceremony, which took place at the KIB head offices in the presence of Acting CEO at KIB, Mr. LoayMaqamis, and Assistant General Manager at Abdulaziz Al Ali Al Mutawa Group Co. – KIA Motor agent in Kuwait Mr. Salem Al Mutawa and Brand Manager Mr. Medhat Khalil, and Assistant General Manager of Ritaj Insurance Co. Mr. Khaled Al Mutawa, reflects KIB’s ongoing efforts in offering Sharia compliant quality financial facilities, catering to customers expectations with high quality services and products.

Mr. Maqamis commented on this collaboration, saying, “We are excited to launch this campaign in collaboration with KIA Motors agent, which allows us to provide our customers with financial facilities when purchasing a KIA, through Islamic Bank Financing that has proven its quality and effectiveness amongst other banking products and services.”

He added, “Kuwait International Bank works towards catering to the different needs of its customers, in effortless and easy means where the customer receives a package of privileges upon financing a car through KIB. The bank in turn, will offer lowest discounted profits for Islamic financing and free golden comprehensive insurance, and a warrantee of 5 years or 100 thousand Km. For those who purchase the 2012 model, the package will also include 1000 liters of free fuel, free maintenance for the first 60 thousand Km, equal to the value of 350 Kuwaiti Dinars and free traffic registration.”

Mr. Salem Al Mutawa, Assistant General Manager at Abdulaziz Al Ali Al Mutawa Group Co. – KIA Motor agent in Kuwait, affirmed that this agreement with Kuwait International Bank will benefit customers of both parties, stating, “Through our partnership with a prestigious Islamic bank such as KIB, we see an achievement aimed to present our clients with the best of services in line with financial facilities that meet their expectations. We are certain that this collaborated offer will be well received by our clients, and will attract KIA potential buyers.
Assistant General Manager at Ritaj Insurance Co. Mr. Khaled Al Mutawa valued this collaboration which was based on a unified objective; servicing the customer.

He said, “The comprehensive car insurance document presented by Ritaj Insurance Co. within this collaboration entails services and privileges that cater to the needs of the customer. It also offers a new understanding of comprehensive insurance, based on luxury and excellence.”

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Thursday, May 24- 2012 @ 16:06 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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