KFH Commits KD 15 Million for Cardiac Center at Mubarak Al-Kabeer Hospital
General News | Jan 27, 2025 | Kuwait Finance House KSCP
Kuwait Finance House (KFH) has pledged KD 15 million to fund a new cardiac diseases and research center at Mubarak Al-Kabeer Hospital. The initiative, approved by Kuwait's Council of Ministers, is in line with national guidelines and is a testament to KFH's commitment to social responsibility. The center, to be constructed and equipped by KFH in partnership with the Ministry of Health, will serve as a modern healthcare facility named after the bank. KFH's efforts in community contributions have been significant, including KD 8 million for Al Mubarakiya fire reconstruction, KD 4.5 million for an Addiction Treatment Center, and KD 20 million for developing ambulance centers. In addition, KFH has taken initiatives like debt settlement for insolvent individuals and backing the government's COVID-19 support fund. These steps highlight the bank's leading role in fostering societal well-being in Kuwait.
Sectors
- Healthcare
- Financial Services
Geography
- Kuwait – The activities described in the article, including the establishment of the cardiac diseases and research center, are centered in Kuwait, involving national institutions and directives.
Industry
- Healthcare – The article discusses the establishment and funding of a cardiac diseases and research center, highlighting activities in the healthcare sector.
- Financial Services – Kuwait Finance House is a financial institution making significant community contributions, illustrating its role in the financial services industry.
Financials
- KD 15 Million – The amount pledged by Kuwait Finance House for the cardiac diseases and research center at Mubarak Al-Kabeer Hospital.
- KD 8 Million – KFH's contribution towards the reconstruction of the Al Mubarakiya fire incident.
- KD 4.5 Million – KFH's funding for the establishment of the Addiction Treatment Center.
- KD 20 Million – Investment by KFH in the development of 15 ambulance centers.
- KD 20 Million – KFH's contribution for settling debts of insolvent individuals.
- KD 10 Million – Contribution of KFH to the government support fund during the COVID-19 pandemic.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kuwait Finance House | Pledge/Donor | Company | A leading financial institution in Kuwait, known for significant contributions to community and social responsibility initiatives. |
| Hamad Abdulmohsen Al-Marzouq | Chairman | People | Chairman of Kuwait Finance House, expressing gratitude for the council's approval of the initiative and emphasizing KFH's commitment to social responsibilities. |
| Kuwait's Council of Ministers | Approving Authority | Government | Government body that approved KFH's pledge to fund the cardiac center, underscoring its cooperation with national institutions. |
| Mubarak Al-Kabeer Hospital | Beneficiary | Company | A medical facility in Kuwait that will host the new cardiac diseases and research center funded by KFH. |