" Cell Houses " and " Bay Insurance " contribute to " emergency response "

The Kuwait Fund for Development announced today the contribution of Bayut Holding Company and its subsidiaries with a total value of one million dollars to the Kuwait Emergency Response Fund, which includes direct financial support, in addition to providing logistical services to the relevant government agencies, in support of the national initiative aimed at enhancing Kuwait’s readiness and raising the efficiency of the response system to emergency situations and circumstances. The Fund stated, in a statement, that Bayut Holding’s contribution reflects the continued interaction of private sector institutions with the national initiative, and embodies its keenness to contribute. In supporting efforts aimed at enhancing the state’s readiness, enabling the concerned authorities to deal with various emergency circumstances efficiently and effectively. The in-kind contribution consists of providing services through the company’s business sectors and its subsidiaries, in support of the operational and logistical activities associated with the emergency response efforts of government agencies, in a way that enhances their ability to perform their tasks in various circumstances. The Fund also announced the contribution of the Gulf Insurance Group, on its behalf and on behalf of its subsidiaries in Kuwait, represented by the Gulf Insurance and Reinsurance Company, and the Gulf Company. Takaful Insurance, and the Bahraini Kuwait Insurance Company, in the amount of two million dollars for the benefit of the Kuwait Emergency Response Fund. This contribution comes in addition to the balance of national contributions supporting the Fund, thus enhancing its resources allocated to finance priority interventions and projects, and at the same time reflects the growing national interaction with the initiative in light of the continued joining of institutions from various sectors, which contributes to expanding the base of entities supporting the Fund, and enhancing its ability to respond to needs.

The Fund stressed that the contribution of “Gulf Insurance” and its subsidiaries, with the group’s prominent presence in the insurance sector locally and regionally, reflects the active role played by the private sector in supporting national initiatives and supporting priorities that serve Kuwait. It is noteworthy that the Kuwait Emergency Response Fund was launched on the fifth of last July at the initiative of the Kuwait Fund for Development and after the approval of the Council of Ministers, for the Fund to manage and supervise its work, with the aim of providing a flexible financing mechanism to support interventions. And priority projects, and enhancing the state’s ability to deal with needs and emergency circumstances efficiently and effectively.