Kuwait City, May 20: UAE Ambassador to Kuwait, Dr. Matar Hamed Al-Neyadi commended Kuwait Finance House (KFH) for its recent participation in the UAE Companies Investment Meet. He praised KFH's significant contribution to development and investment and expressed his hope for further strengthening economic and investment collaboration between the UAE and Kuwait.

A ceremony at the UAE Embassy in Kuwait honored sponsors of the embassy's "Unlocking Kuwait's Potential" Investment Meet. Representing KFH, Acting Group Chief Executive Officer Abdulwahab Iesa Al Rushood expressed his gratitude for the recognition.

Al Rushood stressed that KFH's strong presence both in the local and global markets promotes its commitment towards boosting investment, fostering collaboration between private sectors in Kuwait and the UAE, and creating further opportunities for companies from both countries to collaborate and leverage the diverse investment prospects available in Kuwait. This aligns with Kuwait's status as a prominent financial hub in the region.

He added: “Thanks to its robust capital base, high solvency, and strong credit rating, along with its wide-ranging, flexible, and efficient Sharia-compliant financing solutions, KFH is a highly proficient strategic partner for financing and supporting mega development projects in Kuwait and the UAE. It operates as a model for collaboration among the private sector institutions across the GCC."

Al Rushood pointed out that KFH's leadership in Islamic finance stems from its values-driven approach, which translates into a professional and disciplined operational model. This significant contribution reflects KFH's belief in the crucial role played by the corporate sector and mega projects in driving economic development.

It is worth noting that KFH’s recent participation in the UAE Companies Investment Meet, which was organized by the UAE Embassy in Kuwait, is part of its keenness to support and encourage distinguished economic events while solidifying its leadership role in financing strategic development projects.

The event aimed at diversifying the commercial partnerships, supporting their growth in the Kuwaiti market, as well as exploring promising investment opportunities that contribute to achieving sustainable growth, serving as a platform for the sharing of ideas, knowledge, and expertise.

A large audience of economic leaders and officials from both Kuwait and the UAE attended the event, with the participation of 20 significant Emirati companies from both the private and public sectors.