KUWAIT CITY, June 1: Kuwait Finance House (KFH) won “Top Company in the Arab World 2016” award from “Forbes Middle East” magazine in the 4th Top Companies in the Arab World 2016 event convened at Jumeirah Hotel Kuwait to celebrate and recognize the most successful, prosperous and innovative Arab companies in the region.
KFH- Group Chief Executive Officer, Mazin Saad Al-Nahedh received the award at a VIP gala dinner and ceremony from Forbes Middle East in presence of Minister of State for Cabinet Affairs Sheikh Mohammad Abdullah Al-Mubarak Al-Sabah and a number of dignitaries and businessmen from various sectors in Kuwait and the region.
While handing out the award, Forbes Middle East Magazine applauded KFH’s performance and prestigious status, indicating that it is the first Islamic bank established in Kuwait in 1977, not to mention operates in different countries in the world.
“Forbes” added that that the award recognizes KFH’s robust financial position and its contributions in the economic development. It reflects the bank’s capabilities to encounter crisis and efficiently manage risk thanks to its investment diversification and geographical expansions locally, regionally and globally.
Meanwhile, KFH- Group CEO, Mazin Saad Al-Nahedh takes pride in receiving the award, indicating that it reflects the international recognition of the bank while represents a new impetus for further achievements and leadership in the banking industry.
It is worth noting that “the 4th Top Companies in the Arab World 2016” gala dinner and award ceremony affirms that the companies in Middle East region have great capabilities to confront crises. It acknowledged Kuwait’s success and applauded the country’s contribution in development of the region.
Kuwait list of honorees included many categories: top companies in the Arab world, top companies listed on the Kuwait Stock Exchange; the privately-held companies making an impact in Kuwait; and the most powerful Kuwaiti business women.
The ranking of the top companies is measured based on four metrics: sales, net profits, assets and market value as of April 2016.