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Feb 21 2012

Warba Bank Exceeds Standard Kuwaitization Level

Anas Yousef Al Ateeqi, Chief Human Resources Officer at Warba Bank
Anas Yousef Al Ateeqi, Chief Human Resources Officer at Warba Bank

Kuwaitization at the bank crosses 62%


Kuwait, February 21, 2012: Kuwaitization at Warba Bank had crossed 62% in a very short span of time, said Anas Yousef Al Ateeqi, Chief Human Resources Officer at Warba Bank . Such percentage exceeds the level endorsed by the Central Bank, explained Al Ateeqi, which reflects Warba's commitment to introduce local expertise and talents into the bank's different segments. "This should create significant support to the bank in the coming phase with hopes to achieve our aspirations in the near future."

With this regard, Al Ateeqi elaborated, "We firmly believe in the importance of the human element, especially the Kuwaiti, and are fully committed since the beginning to support national employment. We are also keen on providing contributions to continuously develop the unique professional cadres in Kuwait." He added, "We trust Warba's significant strategy to support the promising Kuwaiti national labor in the banking sector in addition to providing them with suitable employment opportunities, considering it as a successful investment factor that would reflect positively on the labor market, sooner or later."

"The process of backing the work team at Warba Bank with experienced Kuwaiti nationals will help elevate the bank's status to higher levels along with top financial institutions in Kuwait. This is in addition to the bank's active role in supporting the Kuwaiti society by providing fruitful employment opportunities."

Al Ateeqi moreover emphasized the bank's responsibility in initially training national labor with firm practices in order to meet the coming phase with the total know-how and proficiency. "We will continue towards this direction despite the bank's introduction to the market. We do acknowledge the importance of attracting experienced Kuwaiti youth to Warba Bank , who would continue reaching out to the bank's goals and aspirations," concluded Al Ateeqi.

-Ends-

About Warba Bank
Warba Bank , an Islamic Bank established by virtue of an Amiri Decree, was officially registered in the Central Bank of Kuwait's list of Islamic Banks on the 5th of April, 2010. The state of Kuwait, represented by Kuwait Investment Authority (KIA), owns 24% shares of the bank while the remaining 76% of shares, fully subscribed by the government, have been equally allocated among all Kuwaiti nationals. Warba Bank offers a range of customized Shariah compliant services and solutions which are available through the banks three divisions of Retail, Investment and Corporate Banking. Branching out in four strategic locations, Warba Bank has over 150 employees.

For media information, please contact:
YOUSEF K. ALSHALLAL
Marketing & PR Manager
Tel: +965 2 228 8800
Dir: +965 2 228 8855
Fax: +965 2 228 8601
Email: Yousef.Alshallal@warbabank.com

ADEL ALBUAIJAN
PR Advisor
Tel: +965 2 228 8854
Fax: +965 2 228 8601
E-mail: adel.albuaijan@warbabank.com

Nadin Al Alami / Stacy Lobo
ASDAA Burson Marstellar
Tel: 00965 22901571/ 2/ 3/ 4/ 5
Fax: 00965 2290157
Email: n.alami@asdaa.com / s.lobo@asdaa.com

© Press Release 2012


© Copyright Zawya. All Rights Reserved.


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