For his role in enhancing KFH (baitak) turkey, Erdugan grants al Omar "the leadership in achievement award" today
Succeeded in Strengthening the Commercial Relations Between Turkey and The Arab Nations
Turkey's Prime Minister, Mr. Rajab Tayeb Erdugan will be presenting the Kuwait Finance House (Baitak) group CEO, Mr. Mohammad Sulaiman Al Omar, the award of "Leadership in Achievement" for his role in the major boost in the performance of KFH (Baitak) Turkey and making it today one of the largest prominent banks in Turkey and an important component in Turkish economy. Over the past few years KFH (Baitak) Turkey has achieved strong growth thanks to utilizing its resources effectively. This recognition comes coinciding with the Turkish-Arab Economic Forum commencing today in Istanbul.
The recognition of Mr. Al Omar, who is also the Chairman of KFH (Baitak) Turkey, comes after his success in implementing a strategy he put in place 5 years ago of enhancing the bank's capabilities. This stemmed from the importance of the Turkish economy as a main gate into mainland Europe and Eastern Europe. This led to the bank's capital rising to 500 million Turkish Liras, the number of branches reaching 100 (to become 115 by end of year), and the total assets reaching 3.9 billion Turkish Liras. In addition, the bank now presents products and services of the highest quality and value and are witnessing substantial demand from individual clients and the various institutions from the various economic sectors.
Mr. Al Omar made sure that KFH (Baitak) Turkey played the role of the commercial bridge tying economic and trade affairs between Kuwait and the GCC and Turkey. He also made sure to strengthen the commercial relations and encourage peripheral investments through providing the expert assistance and experience, leading to increased trade volume by both sides. KFH (Baitak) Turkey also opened branches and offices in the GCC in order to have direct presence and to thoroughly understand up-close the business and investment matters in those countries.
