Bank obtains approval from CBK
KUWAIT CITY, Oct 1: KIB recently appointed Raed Jawad Bukhamseen as Vice-Chairman and Chief Executive Officer of the Bank, after obtaining the necessary approvals from the Central Bank of Kuwait (CBK). A longtime member of the KIB leadership team, Bukhamseen has served as Vice- Chairman of the Bank since 2015 and has also been a member of the Bank’s Board of Directors since 2010.
Bukhamseen has extensive and broad-ranging experience in the banking, real estate and investment sectors in Kuwait and across the GCC. He has also continued to pursue a path of self-enrichment through executive programs in investment and banking at some of the world’s most renowned institutions.
Throughout his career, Bukhamseen has been regarded as a leader and visionary, having served in key leadership roles at several leading companies, such as serving as an Board Member of the Bukhamseen Group Holding Company currently, as well as Chairman and Chief Executive Officer of the Arab Investment Company (AIC) previously.
Additionally, he continues to hold positions as a board director of several companies and banks in Kuwait and the Middle East, including: Warba Insurance Company, Shared Electronic Banking Services Company (K-net), Egyptian Gulf Bank in Egypt, Layan Real Estate Company in Dubai, Salmiya Market Real Estate Company and Credit One Kuwait Holding Company.
KIB noted that Bukhamseen’s role as Vice-Chairman and Chief Executive Officer of KIB is a strong refl ection of his unwavering commitment to the leadership succession strategy. Additionally, it came as part of his continued dedication to supporting and developing local talents, as well as appointing them in senior positions that are in line with their skills and expertise; thereby enabling the Bank to achieve its ambitious goals aimed at strengthening its position in the banking and finance sector both locally and internationally.
In order to maintain its leading position, KIB promotes leadership continuity by preparing and cultivating generations of leaders who add exceptional value to the team, senior management and the Bank overall.
With succession planning, these leaders are able to add true value to the Bank through their extensive skills and experience in the banking industry. It is worth noting that Raed Jawad Bukhamseen holds a Bachelor of Science in Business Administration from Boston University, USA, which he obtained in 1999.