25/01/2025
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25/01/2025
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KUWAIT CITY, Jan 25: Al Ahli Bank of Kuwait (ABK) continues to make significant strides in its commitment to excellence, achieving remarkable accomplishments that reflect its outstanding performance and surpass global standards in assessment. The Bank was recently awarded the title of ‘Best Corporate Governance Bank’ for the year 2024 from The Global Economics Awards, during a ceremony held in Dubai.
The ceremony was attended by Dr. Ayman Al Bloushi, Group Head of Corporate Governance along with Sager Albenali, Chief Communications Officer at ABK.
This accolade was presented after the Bank met the criteria established by the judging panel, which evaluates the controls and procedures related to corporate governance, internal and external auditing processes, protection of shareholders' rights, board of directors' structure and independence, risk management practices, and commitment to disclosure and transparency.
In receiving this new award, ABK reaffirmed its dedication to the highest standards of governance and transparency in banking transactions with all partners. The Bank remains committed to delivering added value that positively impacts all stakeholders, ensuring mutual interests are achieved alongside varying customer needs.
On this occasion, Dr. Al Bloushi stated, "We are proud to receive the ‘Best Corporate Governance Bank’ award for 2024. This recognition underscores our full adherence to governance rules, seamlessly integrating them into our daily operations, which is a top priority for us and a guiding principle for sustainable growth across all our indicators."
Dr. Al Bloushi emphasized that this accolade reflects not only the exceptional performance of the Bank's employees but also their commitment to adopting the highest standards in the sector. He pointed out that ABK is dedicated to keeping pace with developments in the banking industry, which helps it earn the trust of all stakeholders, including partners and shareholders.
He further mentioned that ABK has developed comprehensive governance charters and policies to enhance transparency and trust in its operations. The Bank actively collaborates with all relevant entities to fully satisfy their regulatory requirements. This includes the recent issuance of an annual sustainability report, available on the Bank's website, which reinforces its commitment to transparency by providing all necessary information and data related to its operations to the public.
Dr. Al Bloushi also highlighted ABK’s ongoing training initiatives for its employees, ensuring they are well-versed in the latest changes in governance practices. This investment in human capital plays a crucial role in fostering trust among clients, partners, shareholders, and specialized entities in global evaluations, while further enhancing the Bank's leading position in the local banking sector.
The award serves as a testament to ABK’s relentless efforts to uphold the highest standards of professional conduct in all its operations. Concluding his statement, Dr. Al Bloushi assured that the upcoming period will witness the sustained maintenance of proper governance frameworks and the adoption of core values such as integrity and transparency at the Bank. He reiterated the Bank's adherence to the Central Bank of Kuwait's guidelines regarding governance rules and systems for Kuwaiti banks, fostering an institutional culture that prioritizes the protection of shareholder and investor rights, and ensuring the highest levels of long-term sustainability to achieve excellence at various levels.
