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In the news..
KFH Honors Winners of Innovation Challenge
Kuwait Finance House (KFH) honored the winners of the ninth annual, Group-wide Innovation Challenge, a competition designed to motivate staff and leverage their ideas and expertise in developing innovative solutions for system and customer experience improvements. The top seven ideas were recognized after being evaluated by a specialized committee against rigorous criteria. The ceremony was attended by a select group of KFH’s leaders, including Group CEO, Khaled Yousef AlShamlan, Deputy Group CEO Transformation, Technology and Operations, Haytham Alterkait, and other executives. During the ceremony, Alterkait emphasized that honoring the Innovation Challenge winners celebrates the spirit of creativity and development central to KFH's success. He stressed that innovation is core to the bank's strategy and a key pillar for maintaining its leadership in Islamic banking and reshaping the future of financial services. Alterkait congratulated the winners, praising their valuable contributions and initiative as the main drivers for continued development and innovation. He also thanked the Transformation, Technology and Operations Department and all contributors for the initiative's success. Nine consecutive years of success Deputy General Manager Digital Transformation and Innovation at KFH, Eng. Tareq Al-Ajeel, congratulated the Innovation Challenge winners, noting their achievements and ideas are a source of pride and inspiration for the bank. Al-Ajeel noted that KFH successfully runs the Innovation Challenge across Group subsidiaries in Kuwait, Bahrain, Turkey, the UK, and Egypt. "This initiative reflects KFH's commitment to fostering a culture of innovation and improving performance." He praised the competition's nine years of success in generating key innovations and new ideas, stressing that this reflects the excellence of KFH employees and their ability to support development and digital transformation. Al-Ajeel highlighted that the competition is a platform for professional development, teamwork, and the exchange of expertise across departments. This cooperation supports KFH's commitment to continuous development and its ability to achieve sustainable growth and excellence. A unique workplace The Innovation Challenge winners thanked KFH for the valuable opportunity to unleash their potential and innovative ideas. They praised the distinguished work environment for its stimulating climate that fosters creativity and innovation. It serves to note that the Innovation Challenge competition aligns with KFH's ongoing efforts to build an innovation culture and encourages employees to submit new ideas for improving performance and customer services.
KFH a strategic partner for "Ma’a Attalaba" program
Kuwait Finance House (KFH) announced its strategic partnership with the Ministry of Education and the Ministry of Information for the "Ma’a Attalaba" competition. The program provides a platform for students to showcase talents and enhance knowledge, engaging over 1,200 students from 24 schools and broadcast via Kuwait TV and the 51 Platform. KFH Executive Manager Social Media and PR Services Center, Abdullah Al-Saif affirmed that KFH's role as a strategic partner in the long-running program, a viewing staple for over 50 years, highlights its leadership in social responsibility. This involvement confirms the bank's dedication to supporting students, youth, and educational initiatives. He noted that this program is a national project focused on educational development. It aims to support students by honing their talents and broadening their experience, thereby preparing them for a better future. The program also significantly contributes to purposeful media that provides valuable information to the community. Al-Saif highlighted KFH's commitment to prioritizing students and education through its CSR program. This commitment is realized via initiatives for student development, including strategic university partnerships and participation in workshops designed to enhance graduate performance. KFH is keen on supporting student achievements, graduation projects, and innovations through various events. Crucially, the KFH Academy was launched to familiarize university students and graduates with KFH's departments, aligning with the Bank's strategy to achieve sustainable development by empowering youth. Since its first broadcast on Kuwait TV in 1975, the student competition "Ma’a Attalaba" has been a prominent educational media fixture. The program uses an entertaining format to test knowledge in science, literature, history, and Kuwaiti heritage, aiming to foster national identity in a positive, competitive setting. Re-introduced with a modern approach, the program blends educational content and interactive digital elements, making it dynamic and appealing to the new generation. The strategic partnership was announced in the presence of Executive Manager Social Media and PR Services Center at KFH, Abdullah Al-Saif, Director General of Support Services at Ministry of Education, Maryam Al-Enezi, and VO Platform Chief Executive Officer, Zahra Dahdari.
Almutawa: KFH Demonstrates Leadership in Advancing the SMEs Sector
Kuwait Finance House (KFH) Group Chief Corporate Banking Officer, Yousef Almutawa, said that KFH is strengthening its role in supporting SMEs clients by providing financing, and adopting advisory partnerships. This support is rooted in KFH’s recognition of the significance of this sector as a pillar of local economy and a driver of social impact, especially in creating employment opportunities and developing national young talents. In his speech during the national initiative “Capital of Opportunities”, held under the presence and patronage of the Governor of Kuwait Capital City, Sheikh Abdullah Salem Al-Ali Al-Sabah, Almutawa added that KFH takes pride of its leading position in developing the SMEs sector, in terms of financing volume, customer segment, the diversity and quality of its products and services. He pointed out that many of the SMEs began their success story by securing financing from KFH. “We are hopeful of witnessing further successful stories led by young ambitious entrepreneurs as part of our commitment to supporting entrepreneurship and enhancing the role of SMEs, considering the vital role in social and economic development” Almutawa further noted, “This commitment is also in line with our efforts to enhance our market share in this sector, and develop our suite of services and products to support businesses and activities across all economic sectors in which these companies operate.” Almutawa highlighted KFH’s major products and services offered to support and develop SMEs in Kuwait, pointing out that KFH is one of the first banks to establish a dedicated department for financing this segment and provide a set of integrated banking and financing solutions tailored to their needs. He added: “KFH’s main cash financing services include Murabaha, Tawarruq and Ijara. The non-cash finance includes various types of letters of credit and letters of guarantee. KFH also offers other services such as Point of Sales, e-banking services that facilitate the management of the businesses’ accounts and transfers in addition to other various innovative services.” During a ceremony held to honor the sponsors and participants of the event, the Governor of Kuwait Capital City, Sheikh Abdullah Salem Al-Ali Al-Sabah honored KFH in recognition of the Bank’s efforts geared towards supporting SMEs and its participation in the forum. Meanwhile, Yousef Almutawa received an honor trophy on behalf of KFH.
Minister of Social Affairs Commends KFH’s Environmental Contributions
Kuwait Minister of Social Affairs, Family and Childhood Affairs, Dr. Amthal Al-Huwailah, commended Kuwait Finance House (KFH)’s social role, community engagement and support to key issues including environment preservation. She lauded the Bank’s pivotal role in addressing and resolving humanitarian and societal challenges. Al-Huwailah praised KFH’s invaluable participation in the national campaign “This is Your Role” for greening and planting areas of Kuwait. During her meeting with KFH’s Public Relations team, she affirmed that the initiative reflects Kuwait’s interest in environmental protection, encouraging businesses and initiatives that align with this plan. KFH’s participation represents an exemplary model on the significance of private sector in supporting environmental efforts and promoting awareness in this field. In cooperation with the Ministry of Social Affairs, KFH is taking part in the national campaign among a wide participation from public and private entities in addition to volunteering teams. The campaign, running from 2 November to 3 December, aims to enhance amenities and green Kuwait’s various governorates. This goal is in line with KFH’s commitment to supporting social and environmental initiatives and strengthening its leadership in social responsibility and sustainability. Volunteers from KFH staff and customers took part in cleaning some beaches and waste areas and greening other areas as part of the Bank’s active participation in the campaign. KFH’s participation falls under its “Keep it Green” initiative, the umbrella of various environmental programs and projects. It also reflects KFH’s efforts in encouraging the youth to participate in the cleaning and improvement of public facilities through field activities and awareness programs across Kuwait. KFH remains committed to strengthening public-private partnerships to support environmental, sustainability and social contribution efforts. These efforts are realized through the signing of partnerships and supporting programs and initiatives aimed at preserving Kuwait’s environment and promoting environmental awareness in general. These efforts include Kuwait beaches and islands clean-up campaigns, training, and workshops. KFH also shares awareness visual content on its social media channels to encourage agricultural and planting efforts across various areas of Kuwait.
