Commercial Facilities Company (CFC) was established in 1977 as the first Kuwaiti closed shareholding company specialized in providing installment credit facilities to finance consumer and commercial products. The main services provided by CFC are:
CFC was later listed in Kuwait Stock Exchange in 1982. CFC was also chosen to be one of the first companies in the Kuwaiti government's privatization program. In September 1994, the Kuwait Investment Authority sold 47% of the company's issued shares to the private sector.
During 45 years of operation, the CFC successfully amplified its consumer loans portfolio, achieving a Portfolio of KD 225.5 million, Equivalent to USD$ 745.3 million as of 31st December 2021