Bahrain, June 19, 2007. KFH Automall, the Kingdom's largest car showroom, officially opened its doors in an exciting opening ceremony in Sitra last night.
Under the patronage of the Governor of the Central Bank of Bahrain Mr Rasheed Al Maraj, the invited guests were the first to witness the unveiling of the KFH Automall and the new KFH Sitra branch, the newest offering from industry leader Kuwait Finance House-Bahrain (KFH-Bahrain). The showroom houses the widest range of car brands in the Kingdom, in-house financing from the fully operational KFH branch and comprehensive insurance coverage through Solidarity.
"The KFH Automall brings a whole new dimension to buying a car in the Kingdom of Bahrain. We have endeavored to make the experience of buying a car as easy and enjoyable as possible. The initial offering of cars, finance and insurance is only the beginning and we plan to further enhance KFH Automall services in the future." Said Mr Abdul Hakeem Alkhayyat, General Manager of KFH-Bahrain.
Already the KFH Automall offers the largest choice of cars in Bahrain including Toyota, Lexus, Nissan, Mitsubishi, Honda, Chevrolet, Mercedes and more with plans to increase the fleet. Nevertheless if you don't find the car you are looking for the staff at KFH Automall will do their best to locate it for you.
Committed to helping customers stay on the move, the full service KFH branch within the showroom is ready to offer flexible car financing solutions, at one of the lowest profit rates in the Kingdom, on either a Murabaha or Musawama basis allowing the car to be paid off through easy installments that can be extended up to a maximum period of six years. With a 0% to 10% down payment, KFH Automall really is the key to buying a car faster and easier.
About Kuwait Finance House - Bahrain
Established in October 2002 as the first fully-owned subsidiary of Kuwait Finance House - Kuwait, KFH -Bahrain, brings to the market a compelling concept in Islamic Banking combining both Investment Banking and Commercial Banking facilities. KFH-Bahrain's mission is to deliver excellence and innovation through a broad and integrated range of Shari'a Compliant financial products and services.
About Kuwait Finance House
Incorporated in the State of Kuwait in 1977, Kuwait Finance House (KFH) is listed on the Kuwait Stock Exchange. A market leader in the Islamic banking industry in Kuwait, KFH is involved in Corporate & Investment, Commercial and Retail Banking, including consumer banking, real estate financing, lease financing, trade finance, direct investments and portfolio investing, all of which are conducted in strict compliance with Islamic law. KFH has been accorded an upper medium grade (high creditworthiness) investment credit rating of ¿Aa3' by Moody's Investors Service, ¿A' by Fitch, as well as A- by Standard & Poors. Capital Intelligence International Rating Agency has upgraded the rating of Kuwait Finance House (KFH) to "A" in terms of financial adequacy.
Kuwait Finance House (Malaysia) Berhad (KFHMB), is a wholly-owned subsidiary of Kuwait Finance House and was officially opened on 17 February, 2006. KFHMB has an initial paid-up capital investment of RM380 million (US$100 million). KFHMB has established two branches one in Kuala Lumpur and another in Shah Alam. For further information on the range of products and services available, please call the contact centre at 03-2056 7777 or visit the KFHMB website at www.kfh.com.my.