KIB’s Basil Al-Suwaidan receives World CIO-200 2023 Award

Press release

Published October 16th, 2023 - 08:57 GMT

KIB’s Basil Al-Suwaidan receives World CIO-200 2023 Award

World CIO 200 Summit

Kuwait International Bank (KIB) announced that Basil Al-Suwaidan, General Manager of the Information Security, Privacy and Anti-Fraud Department, recently received the prestigious World CIO 200 2023 Award from Global CIO Forum at the grand finale of the World CIO 200 Summit, which was held in Baku, the capital city of Azerbaijan.

Expressing his appreciation for the recognition, Al-Suwaidan said: “Receiving the World CIO 200 Award is a testament to KIB’s exceptional leadership and unwavering dedication to driving technological excellence within our organization. The Bank takes a comprehensive approach to information security that incorporates the implementation of advanced cybersecurity measures, continuous monitoring, and employee training programs. These efforts have not only protected customer data but have also fortified the Bank's reputation as a safe and trusted financial institution.”

He added: “I would like to extend my sincere gratitude to the esteemed Global CIO Forum for honoring me with this prestigious award. I would also like to express my appreciation to KIB’s management for their continued guidance and support. This recognition further reflects the Bank’s ongoing commitment to ensuring the safety and peace of mind of our valued customers.”

The World CIO 200 Award is a globally recognized accolade that celebrates and acknowledges the outstanding contributions of 200 Chief Information Officers (CIOs) and Chief Information Security Officers selected from 50 countries globally. This year, Al-Suwaidan stood out among Kuwaiti and international personalities as a true exemplar of innovation, leadership, and dedication in the realm of information technology. He was handed the award at a gala attended by several notable figures and representatives of institutions from all around the world.

It serves to note that KIB constantly strives to stay ahead of evolving threats and adapt to new challenges in the digital landscape. The Bank is keen on investing in cutting-edge technologies, robust protocols, and a vigilant team of experts dedicated to upholding the highest standards of security and fraud prevention. It has consistently prioritized the security and trust of its customers, in line with its main slogan ‘Bank for Life’.

Background Information

Kuwait International Bank

KIB a bank that operates according to the Islamic Shari’ah from 1st of July 2007, is a public quoted company. It was incorporated in 1973 and was originally known as the Kuwait Real Estate Bank.
As an Islamic bank, KIB’s business covers all banking services including Acceptance of Deposits, Financing Transactions, Direct Investment, Murabaha (auto, real estate and commodities), Ijara Muntahia Bittamleek (Lease-to-own) , Istisna’a, Tawarruq, Credit Cards, Wakala and other products. Corporate projects and finance, Treasury Services, Issuing Letters of Credit (L/Cs), Letter of Guarantee (L/Gs) and Real Estate Dealings and Management of Properties.