The Capital’s Governor Sheikh Talal Al-Khaled Al-Ahmed Al-Sabah
praised KFH participations on economic, environmental and social levels, thus
highlighting the bank’s remarkable role, through its banking and finance
activities, in supporting national companies and development projects and
praised the bank’s distinctive social role which it played at the private
sector level through its various initiatives which had a remarkable positive
impact on society. He emphasized that these efforts match the state goals to
enhance social development and serve the public interest of the country.
The governor, while welcoming the KFH Acting Group CEO Abdulwahab
Essa Al-Roshood, praised the remarkable and outstanding role which KFH has
played in providing job opportunities for the Kuwaiti youth and the development
of their abilities and skills, thus supporting the state efforts to provide
employment for the Kuwaiti youth. He considered that this matter stands as a
motivation power to the local economy and a cornerstone to continue development
and growth depending on highly skilled and creative Kuwaiti youth.
He clearly highlighted the fruitful cooperation with KFH in several
initiatives, thus stating that Capital Governorate and KFH have well
established and strong ties in various fields.
Al-Roshood, on the other hand, affirmed KFH commitment to its
social responsibility. He emphasized that KFH has a long history of
participations organized in cooperation with the governorate in various social
programs e.g. Iftaar (breakfast) campaigns in Ramadan which KFH is keen on
organizing every year, Ramadan Canon Program and other social activities to
achieve benefit for all segments of society.
He emphasized that KFH supports the Capital’s landscaping campaign
entitled “For a Beautiful Kuwait” which aims to develop and beautify of the
Capital’s buildings and roads.
Al-Roshood added that KFH has taken the initiative recently to
settle the debts of the troubled debtors against whom court judgments and
arrest warrants have been issued, in cooperation with the Ministry of Justice.
Debts have exceeded KD 20 million while troubled debtors approximated 10
thousand debtors. KFH has also made contributions to the Kuwait Institution for
the Advancement of Science, National Labor Support Program, Institute of
Banking Studies and made other social initiatives.
Al-Roshood indicated that KFH has fulfilled its obligations towards
the state and the society during the COVID 19 Pandemic through several various
participations, mainly KFH large share in the KD 10 million fund established by
CBK to support the State efforts to combat the spread of coronavirus. KFH has
also made a separate solo donation to the fund, thus becoming one of the
largest donors in the fund. KFH has also participated in giving support to the
red crescent society, Ministry of Interior and the Ministry of Health through
various initiatives. He emphasized that KFH continue to fulfill its social
responsibilities through its effective strategy of social responsibility and
sustainable growth.
Al-Roshood emphasized the significance of sustainability and the
perseverance of environment through responsible investments and highlighted the
bank’s role in this respect through “Green Sukuks” or “Green Sustainability
Sukuks”. The funds of these sukuks are meant to be allocated to environment
friend projects related to the development of infrastructure, production of
clean energy and other sustainability related projects.
Al-Roshood added that KFH has achieved remarkable geographical
spread through its 65 branches, 10 smart branches (KFH Go) and the digital
banking services provided on smart phones and platforms. These services
contribute to the enhancement of financial comprehensiveness while serving
economy and society.
He reiterated that KFH exerts all efforts to support the growth
plan as part of Kuwait’s vision 2035. KFH finances development projects and
supports small and medium enterprises. KFH continues its labor settlement
efforts where it achieved remarkable results.
Al-Roshood concluded his speech by stating that KFH shall strive to
continue leading the Islamic Banking Industry and enhance Kuwait’s honorable
position worldwide through its effective role in the Islamic finance industry
worldwide. KFH has a global branch network spread and enjoys tremendous global
ratings for its leading position e.g. that latest award as the World Best
Islamic Financial Institution 2021 by the highly reputed global magazine
“Global Finance”.
https://www.zawya.com/mena/en/press-releases/story/KFH_supports_the_capital_governorates_initiative_to_beautify_its_buildings_and_roads-ZAWYA20210613094145/