Kuwait, 3 February 2024: Kuwait International Bank (KIB) is pleased to announce the appointment of Mohammed Al-Duwailah as the General Manager of the Treasury Department. Al-Duwailah, a seasoned professional with over 19 years of experience in the Treasury and Investment field, brings a wealth of knowledge and expertise to KIB. His appointment is a testament to the Bank’s commitment to bringing exceptional talent to its leadership team, furthering its mission of providing outstanding Islamic banking products and services to all segments of society.

Commenting on the new appointment, Feras Al Darmi, General Manager of the Human Resources Department at KIB, said: “We are delighted to welcome Mohammad Al-Duwailah as a valuable addition to our team. His extensive experience and proven track record in managing complex treasury operations equip him with unique insights and strategic perspectives that will be instrumental in his new role at KIB.” 

Al Darmi added: “Al-Duwailah’s appointment is part of KIB’s ongoing commitment to strengthening its leadership team and enhancing its operational capabilities in line with its general vision. We are confident that his leadership will greatly contribute to enhancing the treasury operations, driving innovation, and ensuring its continued success, as well as contributing to the Bank's strategic objectives to meet the evolving needs of our esteemed customers.” 

Al-Duwailah’s career is marked by significant achievements, including his most recent role as Deputy General Manager of Group Treasury at Kuwait Finance House (KFH). At KFH, he established the Capital Market Unit and was the Head of the Capital Market Desk. He also played a crucial role in establishing the Treasury’s Asset and Liability Desk. His tenure also included strategic roles in Capital and Money Market management, policy creation, and IT system implementation in the Treasury sector.

Prior to joining KFH, Al-Duwailah worked as a senior dealer in the Treasury Department at Ahli United Bank - Kuwait (AUB). Before that, he was a senior officer at Gulf Custody Company. 

Furthermore, Al-Duwailah’s educational credentials, with an MBA from Kuwait Maastricht Business School and a Bachelor’s in Business Administration from Kuwait University, complement his professional expertise. He has also contributed to the field through teaching engagements and seminars, including at the Institute of Banking Studies (IBS), reflecting his commitment to nurturing the next generation of financial professionals.

It is worth noting that KIB is committed to empowering local talent through various initiatives, including vocational training programs, recognizing and promoting standout employees, and recruiting exceptional professionals. Aligning with its “Bank for Life” ethos, the Bank remains dedicated to fostering a prosperous future for its employees and the local community, thereby fulfilling its national, social, and banking responsibilities.