Global Fintech has officially launched XS.com in Kuwait through a strategic partnership with NVEST, a subsidiary of the Building Group and Watania Group.
This step represents an expansion in the XS.com imprint in the Gulf region, with a new office in Kuwait City and the licensed mediator under the name “Xs Online” in the country.
The partnership was revealed at a press conference on July 1, attended by members of the Sabb family, business leaders, and media representatives.
Sheikh Rakan Badr Mohamed Behbi, head of the Building Group and Wattania Group, praised the launch as Farm’s news in developing the financial investment sector in Kuwait.
He said: “The achievement of financial sustainability through modern technologies, such as artificial intelligence, is one of the main pillars of Kuwait 2035 vision.”
The CEO of Xs.com Group, Mohamed Ibrahim, described the partnership as “a strategic initiative that aims to deepen our participation with the Arab region,” adding that the Kuwaiti market is “vibrant, dynamic and aspiration.”
NVest CEO Engineer. Jamal Al -Jamal indicated that Kuwait provides an ideal environment for technology growth and said that the new project will focus on strong organizational standards and enhance investor confidence.
It is expected that the XS.com Kuwait office is a regional center, which is applying for the company’s commitment to build local partnerships and support the increasing demand for advanced financial services through the Gulf Cooperation Council.