Kuwait City, June 22: Kuwait International Bank (KIB) announced the conclusion of its participation in the Bonds, Loans & Sukuk Middle East 2024 Conference, the largest banking and investment event in the region. The Bank’s participation reaffirms its leading position among financial and banking institutions that actively contribute to decision-making and create an environment conducive to development and growth in all economic fields. The event, held at the Madinat Jumeirah Conference Center in Dubai, was attended by a group of KIB’s representatives, including the General Manager of the Treasury Department, Mohammed Al-Duwailah, the Executive Manager of the Treasury Department, Abdullah Al-Abduljader, the General Manager of International Banking and Financial Institutions Department, Ma'ab Mohammed Al Qassem, and the Executive Manager of International Banking and Financial Institutions Department, Zaid Al-Kilani.

Commenting on the occasion, Al Qassem said: “Our participation in this major annual event was a fruitful opportunity and a significant step that aligned with our aspirations and continuous efforts at KIB to strengthen our strategic relationships with our partners, and establish new partnerships locally, regionally, and globally. We were keen to directly and positively engage with all participants in the conference, including government and private institutions, investors, and service providers. Our aim was to collaborate and discuss solutions that enhance the diversification of the Bank’s investment portfolio and expand Islamic financing activities. This reflects positively on the local economic landscape, and is in line with our long-term plans to develop financing services as well as support international banking institutions.”

On his part, Al-Duwailah said: “We are pleased to have been part of this important annual forum, as it presented a great opportunity to share our ideas regarding future economic trends and policy formulation. The event also served as an excellent platform for cooperation with new partners at both regional and international levels, which, in turn, enables a positive investment environment – one that ensures the attraction of capital and the creation of a stable financial setting to support the infrastructure of Islamic financial systems in accordance with Sharia principles.”

During the conference, KIB representatives participated in a series of workshops and lectures that covered a wide range of vital issues, including the necessity of engaging with customers and establishing strong business relationships, dealing with the current economic climate, and sharing future financial forecasts. KIB showcased its strategic plans aimed at contributing to the accelerated development of the capital market locally and regionally. Additionally, the Bank set up a booth at the conference to introduce visitors to its various innovative products and solutions tailored for all customer segments.

It is worth noting that KIB continues to emphasize its fundamental role in driving macroeconomic progress in Kuwait and the region through participating in and sponsoring numerous events and conferences closely related to the banking and financial sector. This initiative stems from the Bank’s advanced and prestigious position as one of the leading banking institutions in Kuwait and aligns with its vision and strategy to focus on playing a key role in transforming Kuwait into a financial and commercial hub in the region.