Kuwait Finance House (KFH) has signed a strategic partnership with Sakan Global for General Trading (Sakan), fostering collaboration on real estate and financing opportunities through Sakan’s Prop-tech Enabled Platform. This initiative underscores KFH’s ongoing commitment to innovation, market leadership, in addition to promoting technology for real estate transactions.

Under this agreement, KFH’s retail and corporate customers will enjoy a more seamless and efficient experience when searching for, purchasing, selling, and managing properties. This is achieved by combining KFH’s extensive expertise in real estate financing with Sakan’s advanced digital solutions.

Commenting on the partnership, KFH Deputy Group CEO, Private Banking, Wealth Management and Business Excellence, Alexander Liddle, said: “We are proud of this strategic partnership, which represents a turning point for Kuwait’s real estate market. It affirms our solid commitment to providing innovative solutions for our customers and strengthening our leadership in this vital sector. We have always been keen on being at the forefront of institutions offering real estate products in accordance with Shariah principles. This partnership extends that approach by bringing together our well-established local market expertise with Sakan’s latest digital technologies.”

He added that, “Innovation is integral to KFH’s advancement of banking services. The partnership solidifies this commitment in terms of customer centricity and digital development. It also stimulates the real estate market, and contributes to inclusive economic growth,” noted Liddle. “KFH will maintain its leadership in delivering innovative and tailored real estate solutions that meet market needs.”

KFH Group Chief Technology and Digital Transformation Officer, Meshaal AlMunaikh, said: “This strategic partnership enables us to deliver smart, technology-powered real estate services tailored to the evolving needs of our customers. By integrating our tailored financing tools with Sakan’s digital platform, customers will be able to explore properties, complete financing transactions, and manage the ownership process with ease and flexibility. This approach serves all customer segments comprehensively and conveniently, ensuring streamlined procedures from finding the right property to completing the purchase.”

Meanwhile, Sakan’s Chief Executive Officer, Abdullah Alsaleh, was proud to announce the partnership, saying: “We consider our collaboration with KFH an important step in our journey towards expansion, delivering innovative digital real estate services, and achieving the strategic vision we have placed when the company was founded in 2019.”

He explained that the agreement will link listed properties to the Bank’s real estate financing services, provide tools to calculate installments, and expedite pre-approvals, thereby enhancing transparency and simplifying customer experience.

Alsaleh commended KFH’s pioneering role in supporting national projects and digital initiatives, noting that Sakan looks forward to expanding its services in the Kuwaiti and Gulf markets over the coming period.

It is worth noting that KFH continues to strengthen its position as a strategic partner in the real estate sector through its active role in promoting transparency and developing capabilities. This includes its regular quarterly Real Estate Reports, which offer comprehensive, objective analysis of Kuwait’s property market which provides investors and stakeholders with accurate data to support informed decision making.

Beyond market insights, KFH has also invested in building specialized professional competencies through the launch of the Certified Real Estate Appraiser Program, the first of its kind in Kuwait. This pioneering initiative raises professional standards in real estate appraisal and supports the market with qualified experts who possess the knowledge and skills needed to bolster confidence in real estate transactions, thereby contributing to the sector’s economic growth.