The international award solidifies the Bank’s leading position across the MENA region

Kuwait, 10 February 2024: Kuwait International Bank (KIB) is delighted to announce that it has won the “Best Banking Vision – MENA 2023” award from Capital Finance International (CFI.co) magazine, affirming the Bank’s long-running winning streak in this category. This esteemed award, which has been presented to KIB for the third consecutive year, underscores the Bank's unwavering dedication to shaping the future of Islamic banking with adaptive strategies and innovative solutions.

Demonstrating exceptional foresight and a clear vision for the ever-evolving landscape of banking, KIB was chosen as the recipient of the title from a group of nominated banking and financial institutions, following the decision of the CFI.co judging panel. The evaluation process factored in several aspects, including the Bank’s value creation and innovation, customer service level, corporate governance and executive leadership, use of technology, regulatory compliance, and risk management practices. Other key criteria included KIB’s financial stability and performance, in addition to its active role when it comes to social responsibility and environmental sustainability.

Commenting on KIB’s latest prestigious award, Raed Jawad Bukhamseen, KIB’s Vice Chairman and Chief Executive Officer, said: “We are deeply honored to receive CFI.co’s 'Best Banking Vision' award for the Middle East region. This award reflects our steadfast commitment to revolutionizing the banking industry through innovation, technological advancement, and a relentless focus on our customers' evolving needs. Driven by a comprehensive vision, which encompasses digital transformation, sustainable banking practices, responsible innovation, and safe and convenient banking, we remain dedicated to pushing the boundaries of banking.”

Bukhamseen added: “Thanks to its insightful vision, KIB's exemplary achievements have not only elevated its own products and services but have also had a positive ripple effect on the broader financial ecosystem within the region. The Bank's visionary approach has set new standards for innovation and customer service excellence, inspiring positive change in the industry. The Bank remains a pioneering force in providing cutting-edge financial solutions and shaping the future of banking in the Middle East.”

Concluding his statement, Bukhamseen said: “I extend my thanks to all the regulatory authorities, especially the Central Bank of Kuwait for its supportive role and the rational policies that it applies to the banking sector. I also extend my appreciation to the Chairman and members of the Board of Directors of KIB and the Executive Management for their continuous support towards achieving further success.” He also thanked all KIB employees for their dedication and cooperation to ensure the Bank’s development to continue meeting the aspirations of customers and shareholders.

It serves to note that CFI.co is considered one of the most prominent media platforms in London that specializes in covering business, economy, and finance news, while its awards program stands as one of the largest international forums to evaluate and honor individuals and institutions that have contributed to providing the highest standards of innovation and excellence in the economic and financial sector worldwide.