The board of directors of National Finance House (NFH) elected Farouk Almoayyed as the new chairman with effect from January 16, taking over from Qassim Mohamed Fakhro.

The board also elected Fuad Ebrahim Kanoo as the deputy chairman.

"NFH has strategic plans for the current year targeted towards widening the company's client base of consumers and small to medium sized corporate entities, developing business relationships with car dealers in Bahrain, and broadening the company's current products and services," said Almoayyed.

"As part of our contribution to develop the construction and real estate sector in Bahrain, we have launched a new service at the beginning of this year which intends to provide financing for all types of construction equipment and instruments, and that is in addition to financing personal and commercial cars as well as heavy machinery and equipment." - TradeArabia News Service