KIB revamps property management services
Bank offering suite of integrated solutions
KUWAIT CITY, Dec 12: As part of its efforts to continuously improve customer satisfaction, KIB revamped its property management services, now offering a full suite of integrated solutions. One of the Bank’s leading departments, the Property Management Department (PMD) provides customers with a comprehensive package of integrated property management services, thereby facilitating the management of real estate for private property owners, institutions, as well as government entities.
On his part, Head of the PMD at KIB, Yousef Al-Ajeel, said: “KIB always seeks to provide its customers with exceptional services across a myriad of areas. Nowadays, property management is no longer restricted to institutional owners, as it now includes individual owners. Accordingly, the PMD has taken into account these diverse needs, offering property management solution to clients ranging from individual property owners to large private institutions and government entities. We manage a number of commercial complexes, markets, investment properties, as well as residential buildings.”
Al-Ajeel added that the PMD offers key services at competitive prices through different units, including a unit for marketing and managing properties, as well as a unit responsible for emergency and routine maintenance services to ensure proper upkeep and safety of properties.
Additionally, through another unit, the PMD offers legal services to advise clients on property transactions and resolve legal disputes; accounting services to prepare financial statements and accounting reports; and rent collection services to collect rent on behalf of property owners and provide online payment services. Services also include holding public auctions at the request of property owners, in
Yousef Al-Ajeel, Head of the PMD
at KIB
line with local real estate laws and regulations.
Established in 1976, the Property Management Department at KIB aims at delivering comprehensive property management solutions to current and potential clients in Kuwait, supporting them in managing various types of real estate.