Kuwait Finance House (KFH) concluded its participation in the 2024 annual meetings of the International Monetary Fund (IMF) and the World Bank Group, held in Washington, D.C., USA.

During the meetings, discussions focused on economic issues, strengthening bilateral relations, and exploring new avenues for cooperation with major financial institutions. The participation highlighted the role of KFH and Kuwaiti financial institutions, demonstrating the strength of the Kuwaiti economy and the power, development, and excellence of its financial and banking system.

KFH participated with a high-level delegation headed by Chairman Hamad Abdulmohsen Al-Marzouq, including Acting Group CEO Abdulwahab Issa Al Rushood, CEO of KFH Kuwait Khalid Yousef AlShamlan, CEO of Ahli United Bank Group Bahrain Ahmed Saud Al-Kharji, CEO of KFH Capital Abdulaziz Al-Marzooq, CEO of KFH-Turkey Ufuk Uyan, Deputy Group CEO of Treasury and Financial Institutions David Arthur O’Lon, General Manager of Kuwait Treasury Ahmed Issa Al-Sumait, and Head of Investment Banking Services at KFH Capital Abdullah Al-Haddad.

High- level Meetings

The meetings were marked by active participation from the KFH delegation, who met with senior international officials, including central bank governors, ministers of finance and development, senior financial policy officials, and representatives from high-level financial institutions across various countries.

In the meetings, KFH’s delegation discussed a wide range of topics, including climate change, various aspects of financial sustainability, the impact of artificial intelligence, the prominent economic role of women, public debt, and the influence of geopolitical factors on the global economy. The bank’s delegation emphasized the importance of collaborative efforts to achieve banking sustainability and enhance financial inclusion.

Additionally, KFH showcased its role and vision about the future of the global economy, based on its leadership in the global Islamic banking industry. The delegation discussed diverse and promising investment opportunities with various parties, since KFH has become more capable of providing its services on a global level after the acquisition of Ahli United Bank - Bahrain, due to its credit strength, the solidity of its financial position and its wide geographical spread, which extends to 12 countries around the world, including Kuwait, Bahrain, Turkiye, Egypt, Germany, and the United Kingdom.

Roundtable meetings

KFH’s delegation participated in roundtable meetings organized by the Kuwait Banking Association (KBA) and the American Chamber of Commerce, to discuss economic issues, investment opportunities, and promoting business between Kuwait and the United States.

Kuwait’s Embassy reception

On the sidelines of the participation in the IMF and WBG meetings, KFH delegation participated in a dinner ceremony held by HE Sheikha Al-Zain Al-Sabah, Ambassador of Kuwait to the USA. The ceremony was attended by Noora Al-Fassam, Minister of Finance, Acting Minister of State for Economic Affairs and Investment, and Acting Minister of Oil, and Basel Al-Haroon, Governor of the Central Bank of Kuwait, as well as leaders of the Kuwaiti banking sector.

KBA reception

Additionally, KFH’s delegation participated in the reception organized by the Kuwait Banking Association (KBA), which was held under the patronage of the Governor of CBK, Basel Al-Haroon, and in the presence of Minister of Finance, Acting Minister of State for Economic Affairs and Investment, and Acting Minister of Oil, Noora Al-Fassam and Kuwait’s Ambassador in Washington D.C., Sheikha Al-Zain Al-Sabah. The reception was also attended by central bank governors from various countries, along with board chairmen of local banks, prominent officials, banking sector leaders, and international economic and financial figures.