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ABK and Al Soor sign joint deal

Al Ahli Bank of Kuwait offers varied services to provide a well rounded banking experience to its customers, one of them being the safe deposit boxes equipped with high standards of security to keep the customers’ valuables safe.



Al Ahli Bank of Kuwait recently announced that it has signed an agreement with the Al Soor Financing & Leasing Company to purchase tranches of their consumer vehicle portfolio, thus providing ABK’s Retail Banking segment with further investment opportunities.


Stewart Lockie, General Manager, Retail Banking Division at ABK said, “This agreement with Al Soor Financing & Leasing Company marks a significant milestone for Al Ahli Bank of Kuwait, and increases our footprint further into the retail banking sector in Kuwait. ABK is pleased to have entered into this partnership with Al Soor, and looks forward to a long lasting and expanding relationship with such a key partner.”


Whether providing an innovative consumer loan product, a world-class investment service, co-branded credit cards, or a deposit product with exceptionally competitive interest rates, ABK continues to cater to its customers’ needs.


At the meeting, senior management from both companies were present. Attending on behalf of ABK were: Abdulla Al Sumait, Deputy Chief General Manager, Stewart Lockie GM Retail Banking and Mark Davies, AGM Retail Banking. Attending on behalf of Al Soor were: Khaled Almuraikhi, Deputy Chairman, Hormuzda Davar, Chief Finance Officer, Azza Sabry, General Manager, Sam Sathyamurthy, Financial Controller and S. Ramachandran, Asst Financial Controller.