Furniture, Electronics companies to stop selling on installment

  • 20/05/2023

Kuwait City: According to local Arabic media, major furniture and electronics companies are looking into ending the practice of selling goods on installment. This action was taken following the Minister of Commerce and Industry's decision not to raise the value the value of products sold in installments over the value of the stated price. The minister of commerce and industry was further directed to establish a ceiling for installment sales at 5,000 dinars to be paid in equal monthly installments over a period of three years.

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