World Finance honors KIB Chairman
KUWAIT CITY, July 8: Chairman of Kuwait International Bank (KIB), Sheikh Mohammed Jarrah Al-Sabah, added a new prestigious achievement to the Bank’s ever-growing roster of international awards and recognitions, after being named “Islamic Banking Chairman of the Year” for 2018 by World Finance; the premier Londonbased global banking and fi- nance journal.
Al-Jarrah has been honored by World Finance several times throughout his illustrious career, in recognition of his leadership and outstanding record of excellence in the world of finance and business. In 2017, he was included in World Finance 100, the annual list of individuals and companies curated by World Finance, celebrating those who have reached the pinnacle of achievement in their fields and industries. Al-Jarrah was also named “Islamic Banking Chairman of the Year” in 2017 and had previously been recognized as “GCC Chairman of the Year” in 2015.
On this occasion, Al-Jarrah expressed his delight and gratitude for receiving this esteemed award, adding: “Earning this award for a second time is an incredible honor to us all and an achievement we take great pride in. This is far from being just an individual honor; rather it is a testament to KIB’s overall success and comes as a result of the support and dedicated efforts of everyone at the Bank — starting from the Board of Directors and the Executive Management Team to each individual employee on our team. I am proud to say that everyone at KIB is working tirelessly and passionately to help us realize our strategic vision of becoming the Islamic Bank of Choice in Kuwait in the near future.”
Al-Jarrah also pointed out that the fast-paced and continuous development witnessed by KIB over the past few years is ample proof that the Bank is progressing steadily with its ambitious strategic plans. “We are looking at a very bright future for KIB, not just on a local level, but on a regional one as well,” he added. A seasoned veteran of the banking industry with extensive experience in the financial sector, Al-Jarrah has served as Chairman of KIB since 2010, after having first joined the Board of Directors in 2007. His strong leadership and focused vision have proven to be vital components driving the Bank’s continuous growth and success over the past few years; helping to position KIB at the forefront of the Islamic banking sector not only in Kuwait, but across the region as well.
Throughout his prolific career, Al- Jarrah has established himself as an infl uential figure in the Arab banking sector, earning a reputation for being a first-class leader and savvy financial strategist. On the regional stage, Al-Jarrah has been a keen advocate of joint Arab-International banking cooperation, and has sought to promote greater collaboration and unity amongst financial institutions across the Arab world. In addition to his role at KIB, Al- Jarrah currently serves as Chairman of the Union of Arab Banks (UAB) and Board Member of the Kuwait Banking Association (KBA).
Al-Jarrah is also as a member of the Board of Trustees at the Arab Academy for Banking and Financial Sciences, and serves as Vice- Chairman of the Board of Directors of Warba Insurance Company. It serves to note that World Finance has not only honored KIB’s chairman over the years, but has also bestowed a number of prestigious awards on the Bank during the past few years. Most prominently, KIB has been named “Best Islamic Bank in Kuwait” for four consecutive years — in 2014, 2015, 2016 and 2017 — and “Best Islamic Bank in the GCC” for two consecutive years — in 2016 and 2017. The Bank also recently received the inaugural “Best Customer Acquisition in the GCC” Award in 2017.