Bahrain-based Kanoo Real Estate, one of the main pillars of the Yusuf Bin Ahmed Kanoo Group, has joined the Fawateer service being offered by Benefit, the kingdom’s leading regional player in electronic financial transactions.

The service has been made available through BenefitPay and Banks E-Banking channels.

Kanoo Real Estate, one of the main pillars of the Yusuf Bin Ahmed Kanoo Group, was established by Haji Yusuf Bin Ahmed Kanoo in 1890 and is one of the oldest companies in the field.

The group operates and owns several companies of different activities throughout Bahrain and the GCC. The sizes of the group’s project vary from office spaces, showrooms, as well as logistics facilities.

In its recent years, the group succeeded in establishing logistics facilities, warehousing facilities, as well as marine services in the King Abdul Aziz Port in Dammam, Saudi Arabia, in addition to other significant projects such as a 100-m office tower in the Diplomatic Area in Manama, as well as an award-winning residential compound in Dubai, UAE.

Commenting on the tieup, Benefit CEO Abdulwahed AlJanahi said: "Kanoo Group has taken a step forward into the digital transformation, providing a faster and safer service for making payments."

Al Janahi was speaking in the presence of the Faisal Khalid Kanoo, the head of Property and Real Estate Investments of Kanoo Group.

The top official, assuring his commitment to supporting Kanoo Real Estate throughout their digital transition, said: "Benefit provides unique electronic services that addresses the needs of all our customers, supporting the digital transition of payments and transfers, in line with the company’s new strategy to expand our partner base to include more sectors."

Faisal Khalid Kanoo, the head of Property and Real Estate Investments of Kanoo Group, said: “Joining Fawateer is in line with our strategy to provide distinctive electronic services, also in line with the kingdom’s shift to digitalize its services.”

Benefit is licensed by the Central Bank of Bahrain as a service provider to the Kingdom’s financial services industry, specialising in the development of innovative electronic payment solutions, the management of electronic payment channels, settlement of dues, invoices, and financial transfers in the kingdom.-TradeArabia News Service