BisB Finances KIMSHEALTH Hospital Project in Umm Al-Hassam

Bahrain Islamic Bank (BisB), a leading provider of Islamic financing solutions in the Kingdom of Bahrain, has recently announced its provision of the requisite project financing for KIMSHEALTH Bahrain, enabling the launch of its latest medical facility, KIMSHEALTH Hospital located in Umm Al-Hassam.
With a total construction area of 10,000 square meters, KIMSHEALTH Hospital, boasts more than 20 specialties, a modern infrastructure, along with the latest technology and state-of-the-art facilities. The multi-specialty Hospital has two operating rooms, radiology, ICU, laboratory and inpatient rooms.
With the inauguration of the new Hospital, KIMSHEALTH has become one of the largest private healthcare providers, with two hospitals and four medical centers in Bahrain, namely, Royal Bahrain Hospital (RBH) in Salmaniya, KIMSHEALTH Hospital in Umm Al Hassam, RBH Medical Center in Janabiyah and KIMSHEALTH Medical Centers in Umm Al Hassam, Muharraq and Askar.
The expansion reflects KIMSHEALTH’s commitment towards making quality healthcare more accessible to the people of Bahrain. During the pandemic, KIMSHEALTH Hospital has worked closely with the National Taskforce for combating COVID-19, allocating inpatient facilities for coronavirus patients, marking itself as the first and only private facility to do so.
Commenting on the occasion, Jawad Humaidan, Acting Chief of Corporate & Institutional Banking at BisB, revealed, “We are delighted to contribute to the development of the medical sector in the Kingdom by providing financing facilities to KIMSHEALTH Bahrain. We look forward to the completion of the new KIMSHEALTH Hospital, while will play a pivotal role in the ongoing development of the private healthcare sector in the Kingdom.”
On his part, Dr. Sheriff M. Sahadulla, Group Chief Executive Officer at KIMSHEALTH, revealed, “We are incredibly pleased to be part of a joint cooperation with one of the most prominent financial institutions in the Kingdom, and would like to thank BisB for contributing to the launch of KIMSHEALTH Hospital, and look forward to cooperating on future projects.”
Background Information
Bahrain Islamic Bank
Incorporated in 1979 as the first Islamic bank in the kingdom of Bahrain, and the fourth in the GCC. Bahrain Islamic Bank (BisB) has played a pivotal role in the development of the Islamic banking industry and the Kingdom’s economy. The Bank operates under an Islamic Retail banking licence from the Central Bank of Bahrain and is listed on the Bahrain Bourse.
At the end of 2016, the Bank’s paid up capital was BD 101 million, while total assets stood at BD 1042 million. The Bank’s modern branch network comprises 5 branches, 4 innovative financial malls, and 56 ATMs located throughout the Kingdom. A steadfast focus on continuous innovation, strong corporate governance and risk management, employee development, and the use of state of the art technology to deliver superior customer service, has cemented Bahrain Islamic Bank’s position as the leading Sharia’a – compliant bank in the Kingdom.