KFH launches salary transfer campaign
Through this initiative, Kuwaiti customers, working in the public or private sector, will receive a cash gift of up to KD 500 when transferring their salary of KD 400 or more to Al-Rabeh account. They also have the chance to earn up to 100,000 KFH Rewards bonus points redeemable for purchases at popular brands. Additionally, customers can receive a KD 500 cash gift for referring new Kuwaiti customers, with a KD 100 for every successful referral they make and a maximum of five referrals per month.
The campaign boasts the Emergency Cash service, allowing customers to withdraw a portion of their salaries in advance directly through the KFH app without fees. This service is subject to terms and conditions, based on salary tiers, and requires the customer's salary to have been consistently credited to the account for the preceding three months.
Among the many other benefits is the opportunity to obtain a financing of up to KD 95,000 under KFH's housing and consumer financing offerings subject to terms and conditions. These benefits reflect KFH's commitment to providing the best services and products to customers across all segments. They also align with the Bank's continuous efforts to uphold the highest standards of excellence and quality, focus on customers and meet their aspirations.
KFH remains committed to enhancing its suite of banking services and products in line with customers' needs, aiming to provide them with modern innovative solutions that drive their satisfaction. It is worth mentioning that KFH has achieved milestones in the quality of its services, capitalizing on the latest technologies and market demands in addition to tailoring its offerings to fit each segment of customers.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Kuwait Times
4 hours ago
- Kuwait Times
Kuwait Fund finances basic education project in Nigeria
KFAED's Waleed Al-Bahar and Nigerian Minister Dr Doris Uzoka-Anite. KUWAIT: The Kuwait Fund for Arab Economic Development (KFAED) has signed a loan agreement with the Federal Republic of Nigeria to help finance a project aimed at supporting education for out-of-school children in Kaduna State, the fund announced Tuesday. The agreement was signed by Acting Director General of the Kuwait Fund Waleed Al-Bahar and Nigeria's Minister of State for Finance Dr Doris Uzoka-Anite. In a post on its official account on platform X, the fund said the project seeks to improve education infrastructure by building and rehabilitating schools, expanding access to basic education—particularly for children in need such as girls, adolescents, and those with disabilities—enhancing teacher performance, and strengthening school management systems.—KUNA On the sidelines of the agreement, Al-Bahar also met with Nigeria's Minister of Housing and Rural Development Ahmed Dangiwa, Executive Secretary for the National Commission for Almajiri and Out-of-School Children's Education Dr Mohammed Idris, and Borno State Governor Professor Babagana Zulum. The Kuwait Fund, established in 1961 with an initial capital of 50 million Kuwaiti dinars (approximately $163.6 million), was created to assist Arab countries. In 1974, it expanded its reach to include African nations as well. — KUNA
Arab Times
7 hours ago
- Arab Times
Kuwait, Netherlands back dialogue for international stability
KUWAIT CITY, Aug 6: Dutch Ambassador to Kuwait Laurens Westhoff described his five-year diplomatic experience in the country as 'rich and full of opportunities.' Speaking at a press conference on Wednesday, Westhoff reflected on his tenure, which began during the height of the COVID-19 pandemic. He revealed, 'I arrived in Kuwait at a difficult time -- during the COVID-19 pandemic. Direct communication is vital in diplomacy, and that was initially a challenge. However, I was impressed by the Kuwaiti government's efficiency in managing the health crisis.' Throughout his tenure, Westhoff worked towards strengthening the longstanding ties between the Netherlands and Kuwait. 'Over the past five years, I have sought to strengthen the relationship between our two countries, which dates back more than 60 years. In 2024, we celebrated the 60th anniversary of diplomatic relations between the Netherlands and Kuwait,' he added. He pointed out the emergence of new areas of bilateral cooperation, particularly in the energy transition sector. 'We launched an important initiative on transitioning from oil dependency to alternative energy sources, such as solar and hydrogen. This is in collaboration with Kuwait University, Kuwait Foundation for the Advancement of Sciences (KFAS), and Kuwait Institute for Scientific Research (KISR), along with Dutch experts,' he disclosed. He also expounded on the shared geopolitical realities of the two nations. 'Both the Netherlands and Kuwait are relatively small countries surrounded by larger neighbors — by Britain, Germany, and France; you by Iraq, Saudi Arabia and Iran. This compels us to rely on dialogue, diplomacy and mutual understanding to ensure stability and cooperation,' he stated. He confirmed that trade relations between the two countries have remained robust. He said 'in 2024, Dutch exports to Kuwait reached approximately €845 million, while imports – primarily crude oil – totaled around €1.6 billion through the Port of Rotterdam. This brings the overall volume of bilateral trade to roughly €2.4 billion. The Netherlands also holds a leading position among European countries in terms of direct investments in Kuwait. Dutch investments amount to KD488 million; mostly channeled through companies and investment funds in various sectors like oil, airport infrastructure, information technology, energy, and agriculture.' He praised the growing appreciation among Kuwaitis for the Netherlands as a travel destination. 'Around 14,000 Kuwaiti tourists visit the Netherlands annually. This year, the number reached 7,000 by mid-year alone. Despite our not-so-ideal weather, Kuwaitis seem to enjoy the cold and rain,' he said. He also highlighted the appeal of the Netherlands' compact size, cultural offerings, and ease of travel. 'Although our country is only twice the size of Kuwait, it offers a unique tourism experience— with world-class museums and artworks by Van Gogh, Rembrandt and Vermeer—all within short distances,' he elaborated. On education, Westhoff acknowledged the room for growth. He stated that the number of Kuwaiti students in the Netherlands is modest compared to countries like Canada, due to language and education system differences. 'Nevertheless, we are working hard to develop this aspect. Every Kuwaiti who studies in the Netherlands becomes a cultural ambassador for our bilateral relations,' he asserted. On defense ties, he revealed that training programs for the Kuwaiti naval forces occasionally take place in the Netherlands. There have also been high-level reciprocal visits, including a visit by Undersecretary of the Kuwaiti Ministry of Defense Sheikh Abdullah Al-Sabah two years ago. He added that the Dutch Foreign Minister is scheduled to meet with his Kuwaiti counterpart this October. On air travel between the two nations, Westhoff commented on KLM's service suspension. He explained that 'KLM's decision was not related to Kuwait, but rather due to operational challenges at Schiphol Airport. Meanwhile, Kuwait Airways continues to operate three weekly flights to Amsterdam, maintaining strong connectivity.' He also clarified the current visa processing issues. He said the recent changes in visa appointment procedures were introduced by VFS, not the embassy, indicating these adjustments aim to curb the selling of appointments by intermediaries and to ensure transparency. He then revealed that his successor, Veeresh Ramsukh, will assume duties in early September. 'He is a seasoned diplomat of Indian origin, born in Suriname and raised in the Netherlands. Like me, he does not speak Arabic, but that has not been a barrier; as Kuwaitis are proficient in English,' he asserted. In his closing remarks, Westhoff expressed heartfelt appreciation for Kuwait and its people. 'I will miss Kuwait deeply. This experience has enriched my life, and I hope I have contributed to strengthening the ties between our two countries. The Diwaniya is a wonderful idea—welcoming people spontaneously and without formality. My wife and I are even considering starting a similar tradition in our hometown in eastern Holland: opening our home at specific times to friends and neighbors, with coffee and food, just like in Kuwait.'
Arab Times
7 hours ago
- Arab Times
Markaz records Total Revenue of KD 14.45 million for H1-2025
KUWAIT CITY, Aug 06: Kuwait Financial Centre 'Markaz' (KSE: Markaz, Reuters: Bloomberg: MARKAZ: KK) reported its financial results for H1-2025with a Total Revenue of KD 14.45million with an increase of 65%, as compared to KD 8.76million in H1-2024. The net profit attributable to shareholders of Markaz was KD 6.41million, compared toKD1.79million in the same period last year, and earnings per share was 13Fils for H1-2025. Mr. Diraar Yusuf Alghanim, Markaz's Chairman, stated: 'Kuwait demonstrated robust performance during the second quarter of 2025, with non-oil GDP growth estimated at around 2.5%, supported by steady expansion in real estate, manufacturing, and hospitality, while inflation remained contained near 2.3% alongside a private sector PMI of 53.9 in May. Across the GCC, economic prospects were reinforced by ongoing diversification initiatives and rising credit activity in the UAE, which helped sustain regional growth. Regional oil revenues also benefited from periodic price increases amid geopolitical tensions, supporting fiscal balances. On the global front, the IMF revised growth expectations downward due to weaker demand and continued geopolitical friction, although oil market movements offered some support to regional fiscal positions. In recognition of its institutional strength and innovative investment capabilities during this period, Markaz was honoured with five prestigious awards from EMEA Finance, Euromoney, and remain positive on the region's outlook, supported by improving financial conditions, ongoing structural reforms, and steady demand trends. Our priority continues to be the creation of long-term value for our stakeholders through disciplined execution, strategic growth, and prudent risk management. Mr. Ali H. Khalil, Markaz's CEO, stated: Markaz's Asset Management fees for H1-2025 were KD 3.94million as compared to KD 3.46million for the same period last year, reflecting an increase of 14%. Investment Banking and Advisory fees for H1-2025 were KD 0.52million as compared to KD 0.63million for H1-2024. This performance reflects the strength of our diversified portfolios and disciplined focus on consistent execution across business verticals. h1In asset management, our equity mutual funds continued to deliver stable returns amid heightened market volatility. MIDAF, Mumtaz, the Markaz Islamic Fund, and Forsa recorded returns of 8.65%, 10.45%, 18.05%, and 12.31% respectively, supported by prudent investment strategies and active portfolio management. Within investment banking, Markaz continues to reinforce its capital markets expertise and deepen long-term client relationships. The team maintains a robust transaction pipeline, with multiple active M&A mandates currently underway. Our regional and international real estate investments have remained resilient, supported by stable occupancy levels, reliable rental income, and steady collection rates. During the year, Markaz exited industrial real estate projects exceeding USD 100 million in the US and Europe, highlighting its disciplined investment approach, partnerships, and leadership in global real estate and credit strategies. Markaz also released the first annual report for its Shariah-compliant Markaz Real Estate Fund (MREF), strengthening transparency and highlighting its market leadership. Favorable demographic dynamics, sustained infrastructure spending, and broader economic diversification across the GCC continue to create attractive opportunities. Markaz is focused on providing differentiated investment offerings and maintaining strategic agility to deliver long-term value for stakeholders. Mr. Abdullatif W. Al-Nusif, Managing Director, Wealth Management and Business Development at Markaz, stated: 'Markaz continued to strengthen its wealth management services during the second quarter of 2025. Assets Under Management (AUM) reached approximately KD 1.56billion as of 30June 2025, reflecting an [increase] of 13.14% compared to KD 1.38billion in Q2 2024. This growth is underpinned by our disciplined execution and client-focused May 2025, Markaz successfully engaged professional and qualified investors through an exclusive private markets event with BlackRock, strengthening client access to global strategies and highlighting private credit as a strategic income-focused asset class. Expanding capabilities across private markets, alternative assets, and tailored advisory services remains central to addressing clients' evolving requirements. Enhanced digital initiatives continue to strengthen the client experience and drive greater efficiency. Supported by strong relationships with institutional and high net worth clients, and solutions aligned with market dynamics, Markaz is positioned to deliver consistent investment outcomes and uphold its leadership in wealth creation.
