KIB’s Mubader Center signs a strategic cooperation agreement with MAS Logistics for Public Warehousing
As part of its ongoing efforts to expand its range of services and strengthen its support for entrepreneurs and small and medium-sized enterprises (SMEs) in Kuwait, KIB Mubader Center, a subsidiary of Kuwait International Bank (KIB) and a business incubator and accelerator serving SME owners and entrepreneurs, announced the signing of a strategic memorandum of understanding and cooperation with MAS Logistics for Public Warehousing (Prime X).
This partnership aims to enhance the services offered by KIB Mubader Center through the provision of logistical solutions in collaboration with one of Kuwait’s leading companies specializing in public warehouse management.
Commenting on the new partnership, Mohammed Al-Huwaidi, Head of KIB Mubader Center, stated: “At KIB Mubader Center, we are committed to building strategic and high-impact partnerships with specialized entities. This memorandum represents a pivotal step toward easing the challenges entrepreneurs face when dealing with suppliers. Through this partnership, we will provide professional guidance to ensure that the services offered to entrepreneurs exceed their expectations in logistics, transportation, and storage operations.”
In his turn, Abdullah Al-Sayer, CEO of MAS Logistics for Public Warehousing, expressed his pride in this partnership, noting that “this strategic collaboration offers practical solutions for entrepreneurs and business owners in managing inventory and logistics operations, which are key pillars of any successful venture. By providing tailored logistics services to entrepreneurs, we aim to support the growth, development, and improvement of their projects while ensuring they receive exceptional service.”
This collaboration underscores KIB Mubader Center’s unwavering commitment to strengthening Kuwait’s entrepreneurship ecosystem through high-quality programs and services that enhance the experience of entrepreneurs and owners of small and medium enterprises. It also reaffirms the Center’s role as an active partner in advancing the development of an innovative and sustainable national economy, aligned with Kuwait Vision 2035, which seeks to drive economic diversification and empower national talent.
Background Information
Kuwait International Bank
KIB a bank that operates according to the Islamic Shari’ah from 1st of July 2007, is a public quoted company. It was incorporated in 1973 and was originally known as the Kuwait Real Estate Bank.
As an Islamic bank, KIB’s business covers all banking services including Acceptance of Deposits, Financing Transactions, Direct Investment, Murabaha (auto, real estate and commodities), Ijara Muntahia Bittamleek (Lease-to-own) , Istisna’a, Tawarruq, Credit Cards, Wakala and other products. Corporate projects and finance, Treasury Services, Issuing Letters of Credit (L/Cs), Letter of Guarantee (L/Gs) and Real Estate Dealings and Management of Properties.