KIB extends its automotive financing offer on all 2022 GMC-SIERRA cars, with 3-year profit repayment plan on a 5-year financing
Kuwait International Bank (KIB) recently announced extending its automotive financing offer on SIERRA cars, launched in collaboration with GMC. The financing offer includes a 5-year Musawama financing, with profit repayment equal to 3 years only, and 3 year / 100,000 km warranty. KIB extends its automotive financing promotion on all 2022 SIERRA models, within the framework of its partnership with GMC’s local agent: Mohammad Saleh and Reza Yousuf Behbehani Company.
In his statement on the offer, Head of Auto-Sales at KIB, Ali Alhababi, reaffirmed the Bank’s efforts to consolidate its bilateral relations with the best automotive agents and companies in Kuwait. “Through building these successful collaborations, we at KIB aim to deliver more attractive financing deals to our customers, reflecting the added value we seek to continuously provide as their leading and trusted financial institution”, added Alhababi.
Under the umbrella of its corporate slogan: “Bank for Life”, KIB remains committed to enhancing its comprehensive suite of banking and financing products and services to meet its customers’ needs, while providing innovative solutions, facilities and promotions that cater to their modern lifestyle requirements. This includes their desire to own the latest car models, especially from GMC, which is considered amongst the globally renowned and best-selling automotive brands in Kuwait and the region.
Kuwait International Bank
KIB a bank that operates according to the Islamic Shari’ah from 1st of July 2007, is a public quoted company. It was incorporated in 1973 and was originally known as the Kuwait Real Estate Bank.
As an Islamic bank, KIB’s business covers all banking services including Acceptance of Deposits, Financing Transactions, Direct Investment, Murabaha (auto, real estate and commodities), Ijara Muntahia Bittamleek (Lease-to-own) , Istisna’a, Tawarruq, Credit Cards, Wakala and other products. Corporate projects and finance, Treasury Services, Issuing Letters of Credit (L/Cs), Letter of Guarantee (L/Gs) and Real Estate Dealings and Management of Properties.