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Bahrain : KFH-BAHRAIN becomes official banking partner of BIC

July 10, 2014

Under a strategic partnership deal, Kuwait Finance House - Bahrain (KFH-Bahrain) has become the official banking partner of the Bahrain International Circuit (BIC).

During a ceremony organised at KFH-Bahrain's headquarters in Bahrain World Trade Centre, BIC chief executive Shaikh Salman bin Isa Al Khalifa and KFH-Bahrain executive manager and head of corporate banking group Sattam Al Gosaibi signed the agreement. The signing ceremony was also attended by KFH-Bahrain executive manager Abdul Razak Jawahery and BIC's commercial director Sherif Al Mahdy and senior manager for sales Bader Nasser.

Shaikh Salman expects working of both the entities together would fetch great results in the future.

He said, KFH-Bahrain's support for BIC over the years has contributed towards making Bahrain an international centre for motorsports events.

According to Mr Al Gosaibi, through the partnership, KFH-Bahrain sought to support BIC in its role of supporting Bahrain's economy and boosting other sectors - tourism, sports and transportation.

He added that, We will work closely with the BIC to continue to further boost Bahrain's economy and sustain the success of the motorsports sector globally.

During the past 10 years, the BIC has accomplished many achievements through organising the Bahrain Formula One race and other motor races.

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Source: TendersInfo (India)

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