KUWAIT CITY, October 26: Al Ahli Bank of Kuwait (ABK) has partnered with Gieom, a global leader in software design, to create a centralized platform for the digital management of policy and procedure manuals that regulate the Bank’s operations. This aligns with the Bank’s unwavering commitment to innovating solutions that focus on implementing best governance practices.

ABK consistently focuses on digital transformation, enhancing its product offerings and services while providing a secure and streamlined banking experience for its customers. Renowned for being one of the safest banks in the Middle East, ABK's dedication to achieving operational excellence and increasing customer trust is reflected in its ongoing efforts to improve its internal processes.

On this occasion, Dr. Ayman Al Buloushi, Assistant General Manager of Corporate Governance at ABK, stated, "This collaboration represents an important step forward in our digital transformation strategy. By leveraging Gieom's expertise in digitizing policy and process manuals, we aim to enhance governance practices and raise awareness among employees to achieve best practices in implementing governance rules based on central bank and relevant regulatory authorities’ instructions."

This initiative aims to digitize ABK's policies and operational procedures, providing a source to enhance sound governance practices and improve transparency. Under the new partnership, a comprehensive centralized platform will be established to simplify the management of the Bank's policies and procedures, creating an advanced system for employees and all stakeholders to review and approve documents. This will ensure adherence to best practices and optimal application of governance principles.

Al Buloushi stated that the agreement with Gieom is a continuation of the achievements made previously following ABK’s recent recognition as Best Corporate Governance Bank from Global Business Outlook. This accomplishment reflects ABK’s ability to apply the highest standards of governance and achieve best practices across all its operations. Additionally, it highlights the Bank’s success in developing internal procedures to accelerate the pace of work and enhance the capabilities of its employees, while consistently prioritizing customer needs.

On his part, Mohammed Shakir Abdullah, Chief Business Officer of Gieom, said, "We are excited to partner with ABK in this strategic initiative. Our Digital Policy & Procedure Management Platform will not only streamline their operations but also empower their employees with the tools necessary for effective change management with transparency. Together, we are setting the stage for a resilient future in banking."

The agreement reflects ABK's commitment to its customers and regulatory authorities in implementing the best systems that create a safe environment based on adhering to sound governance principles and fully applying the instructions of the Central Bank of Kuwait and other regulatory bodies. It demonstrates the Bank’s strong adherence to these instructions and its commitment to enhancing responsibility and transparency to stakeholders. This reflects the Bank's ongoing readiness to set new standards in the banking sector, while continuously prioritizing and meeting customer needs in the best possible way.

Gieom's expertise in policy and process digitization will significantly support ABK in achieving its goals, paving the way for a more flexible operational framework across its various divisions.