KFH rewards new credit cardholders double “Walaa Baytik” loyalty points

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Kuwait Finance House – Bahrain announced the launch of its new campaign for all KFH-Bahrain new credit cardholders, giving new customers free loyalty points on its “Walaa Baytik” programme amounting up to double the credit limit value obtained, which may be immediately redeemed or cashed back into the credit card.

The “Walaa Baytik” programme allows customers to redeem their points and gain exciting rewards such as cashback, air miles, online shopping, travel bookings including flight tickets, hotel reservations, car rental services and more. The eligible credit cards for this campaign include Classic, Gold, SmartPay, and Signature. Commenting ,Hamed Mashal, Head of Retail Banking at KFH - Bahrain, said: “This campaign comes in line with our continuous efforts to provide the best financial products and services within the Islamic banking sector.

To ensure a facilitated process for customers submitting requests for credit cards, we urge all customers to download the KFH Jazeel Banking app and complete the process digitally and efficiently.”

 Abdul Rahman Alkhan, Head of Cards and E-Channels at Kuwait Finance House – Bahrain, added: “The new campaign aims to attract new customers as well as encourage our existing ones to issue new credit cards.”

KFH credit cards offer the chance to receive multiple benefits.

Depending on the card type, benefits can include purchase protection, extended warranty, free travel insurance, as well as access to multiple airport lounges, free supplementary cards, and a grace period of up to 50 days.

Customers will also get the chance to win monthly prizes exclusive to “Our Cards” Libshara special segment for credit cardholders who have a Libshara Investment Savings account. Abdul Rahman Alkhan Hamed Mashal Aramco role in private investment drive guided by business not state, says CEO Reuters | London Saudi Aramco will set strict business criteria for ventures it backs under a new private partnership initiative to help diversify the kingdom’s oil-reliant economy and was not being pushed into projects by the state, the CEO said.

His comments in an interview on Wednesday came a day after Saudi Crown Prince Mohammed bin Salman announced the new Shareek (Partner) initiative, in which the state-controlled oil giant and petrochemical firm SABIC would lead private sector investments worth 5 trillion riyals ($1.3 trillion) by 2030.

“You can look at Shareek as a catalyst in making Saudi Arabia even more compelling as an investment destination for both local and foreign investors,” Aramco Chief Executive Amin Nasser said.