KFH-Bahrain in key loan deal with SIO

MANAMA: Kuwait Finance House-Bahrain (KFH-Bahrain) and the Social Insurance Organisation (SIO) have signed a memorandum of understanding (MoU) to provide government employees with Sharia-compliant personal financing, it emerged yesterday.

The MoU was signed by SIO chief executive Zakariya Sultan Al Abbasi and KFH-Bahrain managing director and chief executive Abdulhakeem Alkhayyat at the bank's headquarters in the Bahrain World Trade Centre.

Mr Sultan said this would meet the needs of a large number of people by offering them a variety of financing facilities to suit their preferences.

Expressing his appreciation for the initiative, Mr Alkhayyat said it was in-line with the bank's strategy which aimed at increasing client base by diversifying services and providing innovations.

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