KIB sponsors Food Buzz for the third consecutive year

Press release
Published December 28th, 2023 - 08:27 GMT

KIB sponsors Food Buzz for the third consecutive year
During the event

Kuwait International Bank (KIB) extended its support for the iconic food and beverage (F&B) festival, Food Buzz, for the third year in a row – this time as the event’s strategic partner. This comes as part of the Bank’s expansive corporate social responsibility (CSR) and community engagement programs, which focus on supporting homegrown entrepreneurs and their small and medium-sized businesses.
Similar to the previous editions of the festival, the 7th Food Buzz is set to run for four months at different locations across Kuwait, allowing more visitors from around the country to take part in Food Buzz and support local entrepreneurs and F&B businesses. The first round of the festival was recently held in November at Al Hamra Tower and the last round is set to take place in February. 
Commenting on KIB’s renewed support for Food Buzz, Marwa Marafie, Manager of Marketing and Corporate Communication at KIB, said: “As a ‘Bank for Life’, we remain committed to supporting our community at every possible opportunity; and seeing how Food Buzz plays such a remarkable role in the growth and flourishing of the local F&B industry, we are proud and delighted to continue sponsoring this outstanding and memorable festival for the third year in a row, and hopefully for more years to come.”
As part of KIB’s sponsorship, and in extension of its commitment to environmental, social, and governance (ESG) principles, the Bank set up a dedicated booth on the Food Buzz festival grounds, through which KIB representatives had the opportunity to engage the festival’s diverse visitors in activities and conversations on sustainability and recycling. In addition, a wide range of fun merchandise were available at the booth, such as pins, magnets, and more. 
Besides ESG-related topics, KIB representatives were also available at the booth to spread essential banking and financial awareness tips, as part of the Bank’s continued support for the “Let’s Be Aware” (Diraya) campaign, launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Foundation (KBA), in collaboration with Kuwaiti banks. To round up the KIB Food Buzz experience, a distinct newspaper stand was attached to the Bank’s dedicated booth, with an exclusive Kuwait Times edition that chronicles KIB’s achievements as a “Bank for Life”.
It serves to note that KIB’s commitment to supporting Kuwaiti entrepreneurs and bolstering the domestic economy takes multiple forms, including KIB Mubader Center, which the Bank dedicates to the comprehensive support of entrepreneurs and start-up owners through a wide range of tools and a rich library of resources that are meant to aid them in their pursuit of business success.

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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