KIB concludes bronze sponsorship of Bonds, Loans & Sukuk Middle East 2023

Press release
Published June 12th, 2023 - 09:42 GMT

KIB concludes bronze sponsorship of Bonds, Loans & Sukuk Middle East 2023
During the event

Kuwait International Bank (KIB) concluded its bronze sponsorship of this year’s edition of the Bonds, Loans and Sukuk Middle East 2023 conference, the largest corporate and investment banking event in the Middle East, which was held on the 6th and 7th of June at Madinat Jumeirah Conference Centre, Dubai. 
The sponsorship of the conference has reaffirmed the Bank’s commitment to its leading role among progressive banking institutions to actively develop the financial sector in the local and regional markets. On this occasion, Hesham Al-Mubaraki, General Manager of Wholesale Banking, Acting General Manager of the International Banking and Large Corporate Department, said: “This participation marked a unique opportunity to highlight KIB's ongoing and active role in discussing developments regarding the global banking industry, in general, and the syndicated financing and sukuk markets, in particular. The conference also served as a unique platform that gathered financial and banking industry leaders to focus on ESG and sustainable finance solutions for the Middle East’s markets.” 
As part of its participation, KIB showcased its strategic plans that aim to diversify its financing portfolio and broaden its scope of Sharia-compliant activities. The Bank also dedicated its booth at the conference to informing visitors about its various innovative products and solutions that serve all customer segments.
It serves to note that KIB continues to play an instrumental role in supporting and elevating the local financial sector, thanks to its distinguished position as one of the leading banks in Kuwait. These endeavors are in line with Kuwait Vision 2035 and national efforts aimed at consolidating the country’s position and transforming it into a financial and commercial hub in the region. 

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.

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