Warba Bank, Mohamed Naser Al-Sayer & Sons sign the biggest Toyota deal
Successful partnership exceeds expectations
Warba Bank, the best bank in financial services for corporate and investment banking services in Kuwait, revealed fruitful cooperation with Mohamed Naser Al-Sayer & Sons EST CO.W.L.L., the exclusive agent of Toyota in Kuwait following the signature of the biggest deal of its kind since the Bank entry into the Kuwaiti market. The deal was signed at Al-Sayer Group headquarters located in the free zone in the presence of Shaheen Hamad Al-Ghanem, Warba Bank CEO and Mubarak Naser Al- Sayer, Al-Sayer Holding Group CEO. The KD 9,702,250 million deal will allow Warba Bank to buy stock of Toyota - Land Cruiser. The new deal is in line with the two partners’ prime objective to boost their successful partnership. Warba Bank total Toyota-Land Cruiser stock purchasing deals with Mohamed Naser Al-Sayer & Sons EST CO.W.L.L., have exceeded KD 20 million till now.
Commenting on the deal, Shaheen Hamad Al-Ghanem , Warba Bank CEO said : “Today, we are pleased to sign the biggest deal with AlSayer Holding Group to enhance cooperation between the two institutions. The previous deals achieved profitable returns to the Bank and contributed towards strengthening auto financing sector as Toyota Vehicles are witnessing robust demand in Kuwait due to its reliability, durability and adequate options meeting customer needs and requirements whether having limited or high income.”
Mubarak Naser Al-Sayer, Al-Sayer Holding Group CEO said: “We are glad to partner with Warba Bank and appreciate the efforts boosting its footprint on Islamic banking sector for auto financing solutions. Our previous cooperation with the Bank witnessed great success that increases our desire to strengthen our relation with the ambitious Warba Bank that we expect will bring about new era in the Islamic Banking Sector.”
Warba Bank has been on the forefront in designing unparalleled auto financing solutions; the Bank has recently launched a series of promotions on several car models, under the slogan “Installment at cash price” without any profits, which continue to witness a huge traffic amongst customers and non-customers. These offers were carefully designed to cater to customers’ needs to own their dream cars according to a convenient financing scheme most appropriate for different incomes provided by Warba Bank. Nowadays, Warba Bank is recognized as the most trusted financial Islamic institution and the customers’ first choice to have flexible credit facilities.