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Warba Bank to launch the ‘Gold Account’ In cooperation with Dar Alsabaek Group

19 Jun 2022
Kuwait, June 22

The clients can now open the ‘Gold Account’ through the Warba Bank application. Through this unique service, the clients can buy and sell gold bars of the finest 24 karat gold and 999.9. purity that are available in the app, according to the gold global market prices for each type of gold bars.



Clients can purchase the gold bars in KWD, which starts from a weight of 1 gram, and the customer is also entitled to store gold with up to five kilograms of gold in one account, according to the terms and conditions regulating it. The client can Request the delivery of gold bars at any time through the bank's application.



The Acting Chief of Retail Banking Group by Warba Bank, Musaed Al-Mazyad said that “This service is unique and enables the clients of Warba Bank to open the ‘Gold Account’ through the Warba Bank application and allows opening the account at any time without fees”.



He added that the Process of purchasing gold is carried out easily, the daily limits for direct debit cards do not apply, and It’s available 24/7. “Also, the gold bars are bought and sold directly in Kuwaiti Dinars, which allows the client to request the delivery of gold bars within 48 hours. The client can request an electronic detailed account statement for gold transactions through the Warba Bank app directly”.



Al-Mazyad confirmed that all gold bars are approved and licensed by the Ministry of Commerce and Industry in Kuwait and are identified with a unique serial number.



This account aims to provide various investment solutions for clients and face economic fluctuations by investing in gold. The account can be opened for free without the need to buy gold immediately, and the method is digitally convenient to buy, sell and store actual gold through the application. The benefits of that will be storing gold in a safe, free, and completely insured place.



Dar Al-Sabaek Group is a leading company in the market of gold bars, precious metals, coins, and jewelry with safe and secure delivery services. It’s also the first gold company in Kuwait to digitize the purchase and sale of actual gold through the Internet and is officially classified at the Kuwait National Library and the protection of intellectual property rights as the first website specialized in the gold field in Kuwait.

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