GAPCORP GCC signs Strategic Alliance withKuwait Finance House & Al Muthanna Takaful Insurance Co.

• Offers Extended Warranty to vehicles sold and Leased by KFH
• Move tailored to address major needs of customers

UAE-Regional H.Q GAPCORP, which is recognized regionally as the largest international and local Extended Warranty provider, announced today a strategic alliance with Kuwait Finance House [KFH] and Al Muthanna Takaful Insurance to provide their customers an Extended Warranty for vehicles sold and leased by KFH.

As part of the tie-up, customers of KFH will be offered an opportunity to have the Extended Warranty service at a fee on their vehicles. The Extended Warranty will be identical to the Manufacturers’ Warranty and will cover the vehicles during the most crucial time required – after the expiry of the original Manufacturers’ Warranty.

“We are so proud of this collaboration with KFH and Al Muthanna Takaful Insurance, which marks a significant step in our journey to offer the best services to our customers”, said Nasser Watar, Chairman and CEO of GAPCORP.

“Being a global player and one of the leading Extended Warranty providers in the regional market, we are able to cater and address the need of our customers’ Extended Warranty solutions closely and through our thorough understanding of the regional market”. He added.

GAPCORP, a global leader in Extended Warranty products, provides a package of products and services in each of the GCC markets, Europe, South East Asia and the Americas.

The company also offers the F & I platform scheme - a mechanism that provides auto dealers with a platform to manage the needs of their customers by creating a one stop shop for the consumer at the time of purchasing a vehicle needs.

GAPCORP already have a joint venture with the “Zuellig Group”, one of the largest privately-held companies in South East Asia including Thailand, Philippines, Singapore, Hong Kong, Malaysia and Indonesia, and providing its services through” Asia Warranty Services”. In addition, it is working under “GAPGULF” in Gulf Council Countries, and under “Euro Warranty” in Europe.
GAPCORP is a subsidiary of “Extended Services Company” in Latin America which is working along with “Qualitas Insurance”. As well as, it is working with collaboration of “Mexbrit” and “Warrantech” in North America. The Company is also a global implementer for Nissan and Infiniti value added products such as Extended Warranty, GAP product, Road Side Assistance, in addition GAPCORP has a comprehensive client list such as Nissan, Infiniti, BMW Financial Services, DAIMLER (Mercedes) , Lexus, Toyota,, Mazda, Mitsubishi, Orix Leasing, HSBC, Standard Chartered Bank, KIA and Hyundai, and many more.

About GAPCORP:

GAPCORP is a leading sales, marketing and third party administrator operating in the GCC, Middle East, North Africa, Asia, Europe and the USA. GAPCORP is recognized for servicing well known Automotive Dealerships in and around the region with its Extended Warranty schemes and innovative expertise. The company also sells and develops a complete range of Extended Warranty programs and insurance services for the millennium customer.

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