Thursday 25 December 2014
 
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Commercial Facilities Company

CFC wins top financing award

Kuwait-based Commercial Facilities Company (CFC) has been named “Best Financing Company 2013” at the Arabian Business Achievement Awards, an annual event organised by Arabian Business magazine. The award was received b

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Kuwait CFC announces Ramadan timings

Commercial Facilities Company (CFC), a specialist in providing installment credit facilities to finance consumer and commercial products, has announced its new schedule for Ramadan as per which its branches will be open from 10am to 3.30pm fro

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Kuwait finance firm sees Q1 profit up 38pc

Commercial Facilities Company (CFC), one of the leading finance companies in Kuwait, said its net profit for the first quarter surged 38 per cent to hit KD4.6 million ($16.5 million) compared to KD3.33 million in 2011. Announcing the resul

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CFC completes $180 m bond issuance

Commercial Facilities Company (CFC), a leading Kuwaiti consumer finance company, has announced the successful completion of a KD50 million ($180 million) local bond issuance in which NBK Capital acted as the lead manager. CFC is the large

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CFC to work night shift during Ramadan

Kuwait-based Commercial Facilities Company (CFC) will be open on two shifts during the month of Ramadan – 10 am to 1:20 pm, and then 8:45 pm - 10:45 pm for the second shift, Sundays to Thursdays. “In addition to the morning shift, the comp

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Kuwait lender upgrades communication system

Kuwait-based Commercial Facilities Company (CFC), a leading provider of credit facilities, has upgraded its communication system that links the 25 representative offices spread across all the car dealerships in Kuwait. The latest technolog

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CFC closes $50m term loan facility

Kuwait-based Commercial Facilities Company (CFC), a leading provider of credit facilities for consumer and commercial products, has closed a $50 million term loan facility with the Arab Banking Corporation (ABC). The facility is for fundin

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CFC closes $45m term loan with StanChart

Kuwait-based financial services provider Commercial Facilities Company (CFC) has closed a $45 million term loan facility with Standard Chartered Bank. The purpose of the facility is funding working capital requirements of CFC and facilitat

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CFC net profit rises 20pc to $61 million

Kuwait-based Commercial Facilities Company (CFC) posted a net profit of KD 17.142 million ($61.6 million) for 2010, up 20.2 per cent compared to KD 14.267 million in 2009, led by strong revenue growth in its core operations. The leading pr

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