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Kanoo Real Estate on Benefit Pay - YBA Kanoo

March 10, 2020

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 of Bahrain’s leading regional players in electronic financial transactions. The service has been made available through Benefit Pay.

Faisal Khalid Kanoo, President of Kanoo Real Estate, 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.”

He added, “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.”

Commenting on the tie-up, Benefit CEO Abdulwahid Janahi said: “YBA Kanoo Group, represented by Kanoo Real Estate, has taken a step forward into the digital transformation, providing a faster and safer service for making payments.”

Kanoo Real Estate, which manages a portfolio of real estate assets in the Gulf Region, was established by Haji Yusuf Bin Ahmed Kanoo in 1890 and is considered one of the oldest companies operating in the real estate sector in the GCC.

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.