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KFH: First Foreign Bank at KL City Air Terminal -KL Sentral

12/05/2010 09:06:55 AM GMT 

Kuala Lumpur, 11 May 2010. Kuwait Finance House (Malaysia) Berhad (KFHMB), marks another milestone by being the first foreign bank to establish a presence with the opening of a Bureau de Change (BDC) or Currency Exchange at the KL City Air Terminal (KL CAT) in KL Sentral. A small ribbon-cutting ceremony was held on 30 April 2010, to commemorate the opening of the third BDC outlet for the Bank. The ceremony was conducted by Mr. Shaheen AlGhanem, Chairman, KFHMB and witnessed by Mr. Abdul Wahab Al Rushood, Board Member, KFHMB, puan Noormah Mohd Noor, Chief Executive Officer, Express Rail Link Sdn Bhd, and puan Jamelah Jamaluddin, Chief Executive Officer, KFHMB.

In her speech, puan Jamelah Jamaluddin elaborated, "Being the first foreign and Islamic financial institution to set up a Bureau De Change at KL Sentral Station, we recognise the great potential in being here. With KL Sentral Station being the focal point for both the business and leisure traveler, our expansion into this location, is in line with our commitment to reach out to our customers."

The other BDC outlets are located at the International Arrival Hall, LCC-Terminal (LCCT) at KLIA, which opened on 1 April 2010 and The pavilion Kuala Lumpur. The BDC at LCCT Terminal- KLIA has since 1 April, recorded approximately 6,000 transactions in less than a month of its operations.

In congratulating the Management of KFHMB, puan Noormah, Chief Executive Officer of Express Rail Link Sdn Bhd stated, "As the KL City Air Terminal is also known as KL's "airport in the city," KFH can now proudly claim to offer Currency Exchange services in two airports in KL! With the growing influx of guests from the Middle East, the addition of KFH also gives them assurance and comfort of a familiar pand in financial services. This adds value to KL CAT in a manner that cannot be quantified, but is greatly appreciated."

Earlier the same day, KFHMB had launched the first Shariah-based Gold Account in Malaysia, the KFH Gold Account-i. Since the Soft Launch on 9 Fepuary 2010, the Bank has to-date received a very encouraging response with RM1.25 million and transactions of 9.9 kilogrammes of gold.

- Ends -

About Kuwait Finance House (Malaysia) Berhad

Kuwait Finance House (Malaysia) Berhad (KFHMB) commenced operations on 8 August 2005 and is a wholly-owned subsidiary of Kuwait Finance House K.S.C. (KFH). A full-fledged Islamic bank, KFHMB has a paid-up capital of USD650 million and USD100 million in Tier II capital. KFHMB is the regional headquarters of Kuwait Finance House in the Asiap-acific, and has seven panches in Malaysia. For further information on the products and services, please contact the Customer Service Centre at +603 2056 7777 or log into the website at www.kfh.com.my.

For media enquiries, please contact:

Raja Zamilia R. Dato' Seri Mansur,

Head, Corporate Communications.

Kuwait Finance House (Malaysia) Berhad

DL : +603 2055 7898

Mobile : +6019- 286 2944

Fax : +603 2055 7815

E-mail : raja.zamilia@kfh.com.my

© press Release 2010

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