Monday , October 15 2018

Kuwait’s Ambassador to US praises KFH role in global economy – Participation in IMF signifies role of Kuwaiti private sector: Al-Marzouq

KUWAIT CITY, Oct 23: Kuwait’s Ambassador to the United States Sheikh Salem Abdullah Al-Jaber Al-Sabah, praised Kuwait Finance House’s KFH participation in the IMF/World Bank Annual Meetings in Washington, DC, USA, indicating the instrumental role of the bank in the national and global economy.

The ambassador’s statement was made during a reception ceremony organized for Kuwait’s delegations participating in the IMF/World Bank meetings 2017 at the embassy of the State of Kuwait in Washington, DC.

Meanwhile, KFH Chairman, Hamad Al-Marzouq indicated the significance of this participation in stressing the importance of the Kuwait’s private sector role in the international economic events and conferences.

He added that KFH’s participation in the IMF/World Bank meetings comes as part of its efforts to be present at international economic forums that contribute in boosting economic ties between the countries, yet comprises a launchpad for dialogue, exchanging experience and discussing the latest banking, investment and economic developments.

Al-Marzouq stressed the role of Islamic financial services industry and its role as a strategic alternative in the global economy. In addition, the meetings pave the way for further coordination and cooperation with regulatory and supervisory bodies concerned with Islamic banking, while opening horizons for joint projects and further agreements.

He added that KFH took part in several meetings and conferences on the sideline of the IMF meetings including the IIf Roundtable. Global Finance Magazine has awarded KFH the “Best Islamic Project Finance Provider in the World 2017”, while “Best Up-And-Coming Financial Institution in the World 2017” for KT Bank AG, KFH’s bank in Germany.

Also, KFH won “Islamic Bank of the Year 2017 — Global, “Islamic Bank of the Year 2017 — Middle East” and “Islamic Bank of the Year 2017 — Kuwait” Awards” from the Banker Magazine (FT).

Moreover, KFH High-level delegation met Dr Mohammed Al-Fares, Minister of Education and Higher Education. KFH delegation is headed by the Chairman Hamad Al-Marzouq and the Group CEO Mazin Al-Nahedh, in addition to the bank’s leaders in different sectors.

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