Kuwait City, Feb 19: Under the patronage of the Governor of the Central Bank of Kuwait (CBK) and Chairman of the Board of Directors of the Kuwait Institute of Banking Studies (KIBS), Basel A. Al-Haroon, CBK honored the graduates of the annual executive education program delivered by Harvard Business School, titled “Navigating the Future: Leading Financial Institutions in an Era of Innovation and Transformation”. This program aims to develop executives in the banking and financial sector and is a part of the “Kafa’a” initiative to develop national cadres which was launched by CBK in cooperation with Kuwaiti banks and managed by KIBS..

The ceremony was held on Monday 19 February 2024, with representatives from Kuwaiti banks, companies from inside and outside of Kuwait, CBK, KIBS as well as the graduates in attendance.

CBK congratulated the graduates and called on them to continue learning to keep pace with the ever-changing developments in the banking and financial industry and its various changes including customers’ behavior and needs. CBK added, that the Bank, in cooperation with local banks and KIBS, will continue to support education and training to grow the talent pipeline to the benefit of the national economy, through the various KIBS programs and the Kafa’a initiative.

The relationship between KIBS and Harvard Business School was highlighted as it spans a period of fifteen years. The two entities worked to develop diverse and distinguished programs and contributed to the development and qualification of many executives and middle management in the State of Kuwait and the Gulf region. In addition, KIBS underlined the great support it receives from the CBK and Kuwaiti banks in terms of developing these programs and partnerships.

A number of participants in the program spoke about the valuable experience and knowledge they received through the program and their gratitude for the support of CBK, KIBS and their employers for investing in them.

In closing, the certificates were distributed to the participants and they were wished further success, progress and prosperity.