Feb 21 2012
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Warba Bank Exceeds Standard Kuwaitization Level
Kuwaitization at the bank crosses 62%
Kuwait, February 21, 2012: Kuwaitization at
had crossed 62% in a very short span of time, said Anas Yousef Al Ateeqi, Chief Human Resources Officer at
. 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."
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.
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