KUWAIT CITY, Oct 11: Kuwait’s Ambassador to the United States Sheikh Salem Abdullah Al-Jaber Al-Sabah, praised Kuwait Finance House KFH’s participation in the IMF/World Bank Annual Meetings in Washington, DC, USA, indicating the significance of this participation in stressing the importance of the Kuwait’s private sector role in the international economic events.
The ambassador’s statement was made during a reception ceremony for Kuwait’s delegations participating in the IMF/World Bank meetings at the embassy of the State of Kuwait in Washington, DC. The delegations included KFH’s CEO Mazin Al-Nahedh, KFH-Turkey CEO and a number of the bank’s Chiefs, in addition to officials from the Kuwait Investment Authority, and a number of Ministers and dignitaries from high-profile institutions.
“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 while addressing the world issues in this regard. Such meetings are a platform for underlining the role of the Islamic finance industry and its importance as an integral part of the global economy. The Islamic banking is gaining more momentum and witnessing considerable turnout and KFH is a pioneer in this industry” said Al-Nahedh.
He added that KFH has taken part in several meetings and conferences on the sideline of the IMF meetings while discussed opportunities for collaboration with different parties.
It is worth noting that during the IMF/World Bank Annual Meetings, Global Finance Magazine has awarded KFH top 3 awards; the “Best Islamic Financial Institution in GCC 2016”, “Best Islamic Project Finance Provider 2016” awards, and “Best Islamic Financial Institution in Turkey 2016” for KFH-Turkey as part of the Magazine’s awards for the World’s Best Islamic Financial Institutions in 2016.