Kuwait City, 18 Oct: Al Ahli Bank of Kuwait (ABK) is pleased to announce the appointment of Ahmad Khalid Al-Duwaisan as General Manager of Corporate Banking, effective 15 October 2023. This appointment comes following the approval of the Central Bank of Kuwait and is a significant step in ABK's strategy to further strengthen its leadership team and enhance its corporate banking operations.

Expressing his confidence, Loai Muqames, CEO-Kuwait at ABK, said, "We are delighted to welcome Ahmad Khalid Al-Duwaisan to ABK as our new General Manager of Corporate Banking. His extensive experience makes him an excellent addition to our strong leadership team. We are certain that with his guidance, ABK's Corporate Banking division will continue to grow and thrive."

In his part, Al-Duwaisan expressed his gratitude for the opportunity, stating, "I am honored to join ABK and look forward to working with the Bank’s talented team to deliver exceptional services to our valued customers and contribute to overall growth and success."

With over 20 years of experience in the field of corporate banking, Al-Duwaisan brings a wealth of expertise and knowledge to his new role. Previously serving as the General Manager of the Corporate Banking Group (CBG) at Gulf Bank, he successfully managed a portfolio of KD 4.2 billion funded and unfunded assets, and liabilities of KD 1 billion across various industries. He also played a pivotal role in developing and implementing a customer-centric strategy through digitalization for the CBG.

Prior to this, Al-Duwaisan held the position of Deputy General Manager and Head of Remedial and Structured Workouts at Gulf Bank, where he excelled in managing a portfolio of delinquent assets worth KD 1.2 billion. He was also responsible for leading high-profile regional and domestic restructuring mandates, showcasing his exceptional leadership abilities and skills.

Al-Duwaisan holds an Executive Masters of Business Administration from the American University of Beirut and a Bachelor of Science degree in Mechanical Engineering from Northeastern University in Boston, USA, as well as a series of certificates from Harvard University and others, thus affirming his commitment to continuous learning and professional development.

This appointment aligns with ABK's strategic vision of empowering national talent to drive long-term success. With his vast knowledge and experience in corporate banking, Al-Duwaisan's role will be instrumental in elevating ABK’s competitive standing as a leading player in the banking industry.

ABK’s Corporate Banking division holds immense importance for both the Bank as well as the businesses it serves. The division focuses on building and maintaining relationships with corporations and providing a range of financial products and services tailored to their unique needs. Corporate Banking therefore plays a critical role in driving economic growth and development, thus making it a core pillar of the banking industry.

Since its establishment in 1967, ABK has progressed to become one of the leading Kuwaiti banks in the region that offers a wide array of personal, corporate, and private banking products and services. ABK also provides a broad range of local, regional, and global investment solutions and services through its subsidiary, ABK Capital.

Across the region, the Bank offers individuals and corporates the convenience of comprehensive banking and financial services in the Egyptian market through ABK-Egypt’s network of 44 branches.

This is in addition to ABK’s three branches located in Dubai, Abu Dhabi, and Dubai International Financial Centre (DIFC) in the United Arab Emirates, servicing both Kuwaiti and Emirati individual and corporate clients.

ABK is a strong supporter of Central Bank of Kuwait and Kuwait Banking Association’s 'Let's Be Aware' awareness campaign. Through its various initiatives, the Bank aims to promote financial inclusion by educating Kuwaiti society about customer rights, responsibilities, and the different types of banking and special needs services. Additionally, ABK consistently provides strategic information on how to avoid banking and financial fraud, loan application requirements, digital services, and more.

For more information about ABK, please follow the Bank’s Instagram account @abk_kuwait, visit eahli.com, contact Ahlan Ahli 1 899 899 or visit one of the Bank’s branches across Kuwait.