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Boubyan Bank Sponsors Kuwait-Italy Expo with the Participation of Over 100 Italian Companies

Al Sadoun: Our Participation Comes within Constant Efforts To Support SMEs Looking for Franchises

Boubyan Bank has recently announced sponsoring Kuwait-Italy Expo 2020, which is due to be held at Kuwait International Fair, Mishref, during the period from 6 to 8 February 2020 with the participation of over 100 Italian companies looking forward to collaboration opportunities in the Kuwaiti market. 

In this regard, Mr. Zaid Al Sadoun, Executive Manager – Business Banking Unit at Boubyan Bank, stated: "Boubyan Bank's sponsorship of this event stems from our keenness on supporting emerging companies in various lines of businesses, especially since the expo involves the participation of a number of Italian companies seeking opportunities of cooperation".

"Buying international franchises provides investment opportunities sought after by youth wishing to start their own businesses and breakthrough in the world of business. Kuwait-Italy Expo 2020 is a chance for youth to contract and close up deals with outstanding trademarks, and it is planned to hold an introductory workshop on the franchise concept at the headquarters of the National Fund for Small and Medium Enterprise Development prior to launching the Expo.”, he added. 

Al Sadoun went on to assert: “Kuwait-Italy Expo 2020 is of major significance for young SMEs’ entrepreneurs, who are the currently targeted segment. The expo brings successful business ideas already implemented in various sectors in Italy and presents them to the Kuwaiti youth, who are looking forward to applying for funding from the National Fund to kick off their own projects. The expo also provides a package of free legal and practical consultancy services during the expo to guide entrepreneurs on how to choose the best Italian business project and conclude a franchise contract.”

Al Sadoun also noted that a firm specialized in feasibility studies would be readily available to prepare such studies for entrepreneurs after agreement with an Italian company so that they can apply for SME funding. 

Boubyan and Supporting the Business Sector

Moreover, Al Sadoun stressed: "Ever since establishing its Business Banking Unit, Boubyan Bank has been focusing on providing a variety of exceptional privileges and smart, easy and smooth banking solutions that understand the needs of various projects and entrepreneurs. A group of our young employees take care of this, as they provide 24/7 consultations to entrepreneurs in addition to understanding the nature of Kuwaiti youth and what they aspire for as soon as they think of setting up their own business".

Speaking of business management services, Al Sadoun clarified: “There are many banking services provided by Boubyan Bank to the business sector, such as managing the company's accounts, submitting requests and applications, checking balances, obtaining account details, and performing many other online services such as depositing employee salaries, making local and international remittances, requesting checkbooks and audit certificates, checking the details of all accounts, printing and downloading account statements, deposit service and many other services.”

“The services also include swift and easy online employee salary transfers, P.O.S. terminals which facilitate company transactions and make them swifter and securer as well as the benefits provided by the ePay gate especially designed for companies and retailers to help them manage their online transactions.", Al Sadoun added. 

Furthermore, Al Sadoun elaborated: “The banking services and solutions include ePay service to collect company payments by sending SMS messages with receipt numbers to clients so that they can pay them online using their  own debit cards in addition to the Visa corporate credit card, especially designed for companies to provide cardholders with an exceptional package of benefits and privileges and access to a number of offers and unique experiences with the world's leading trademarks and brands.”

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