Saudi Kuwaiti Finance House (SKFH) has inked an agreement ceremony with KFH-Research in an attempt to reach solutions and innovations that boost the investments of clients through careful monitoring of the developments of the local and global markets.

The agreement cements the role of the bank and KFH-Research to seize investment opportunities that achieve sustainable profit, and creates feasible investment opportunities in the Saudi market.

SKFH’s CEO Abdul Aziz Al-Othman said the strategic partnership with KFH-Research will positively impact the development of the Islamic finance services industry, and will lead to investments with sustainable profit.

He said the Middle East region is an important market that is suitable for investments, and went on to explain that through this partnership, the bank will be able to build on this collaboration to trigger significant development in this industry.

Moreover, Al-Othman said the bank’s main objective is to play a role in leading the wealth management sector in Saudi Arabia. He stressed that the bank seeks to meet any development that occurs in the market, and works on offering Islamic products and investment opportunities for its clients.

He said KFH-Research was named as best Islamic research firm, and by collaborating with it, the bank will be able to achieve its goal, especially that the collaboration will extend to include reports from other international markets.

KFH-Research Chairman Fahad Al-Mukhaizeem, meanwhile, said the development in the field of research and innovation plays a pivotal role in developing the financial services industry worldwide. Through this agreement, he said the bank and KFH-Research underline the importance of reinforcing this development through offering extensive experience regarding opportunities and challenges facing the sector.