KFH-Bahrain to open auto finance unit at Sitra Mall
MANAMA, March 14, 2021
Edamah Property Management Company (EPMC), a wholly owned subsidiary of Edamah, has announced the signing of a lease agreement with Kuwait Finance House - Bahrain (KFH-Bahrain) to operate a branch dedicated to automobile financing at the soon-to-be renovated Sitra Mall.
KFH-Bahrain Auto will focus on auto finance vehicle financing solutions, serving customers of the kingdom’s major car dealerships, most of which are located in the area.
EPMC General Manager Waleed Adel Ali said: “We are committed to supporting local communities by carefully selecting strategic partners who can add value to our managed properties and developments. We aim to offer Sitra Mall visitors a comprehensive range of service, shopping and culinary options while benefiting from the mall’s waterfront location."
"We are pleased to welcome our newest tenant, KFH-Bahrain, who will provide important support services to the motor industry, itself a major contributor to business in the Sitra area,” he stated.
KFH-Bahrain Head of Retail Banking Hamed Yousef Mashal expressed delight at signing the lease agreement with Edamah Property Management Company.
"Our auto finance branch at Sitra Mall is very conveniently placed due to the availability of car dealers and buyers in the area," he noted.
"Opening a customer service center in this strategic location will help us provide special auto financing solutions to our customers as well as strengthen our relationships with the large number of car dealerships in the vicinity, who we will be working with to make our competitive auto financing options more easily accessible,” he added.
KFH-Bahrain is a pioneer in Islamic banking, which was voted Best Islamic Retail Bank and Best Digital Bank Bahrain by Global Banking & Finance Review 2020. The Sitra Mall outlet will be dedicated to serving the bank’s auto financing customers.-TradeArabia News Service
