Al-Omar discusses economic developments, regain Kuwait's leading commercial role
Kuwait Finance House (KFH) takes part in the annual Euromoney Conference that will be held in Kuwait on April 8th in collaboration with the Ministry of Finance. KFH's CEO Mohammed Al-Omar and Vice Chairman and CEO of Liquidity Management House that is owned by KFH Emad Al-Menaie will speak during the event as part of KFH's efforts to reinforce intellect and methodology in facing various economic issues. It is worth noting that the annual conference has been successfully held during the past five years, and focuses on the financial challenges facing Kuwait, in addition to offering an in-depth financial analysis of its economy.
The conference that will be attended by elite Kuwaiti economists and international investors, will witness a dialogue session between Al-Omar and Richard Banks to tackle part of the main issues that will be discussed, such as the means that need to be followed to change Kuwait's status and allow it to hold a prestigious status in the region and the world; especially that Kuwait possesses numerous abilities that grant it a competitive edge over other countries. In addition, Islamic banking can be one of those fields, since Kuwait has the necessary financial and human resources, not to mention legislations and expertise.
Furthermore, Al-Omar will discuss the status of financial markets, the strategy of complete economy, and critical risk points. This is part of the strategy that focuses on Kuwait's ability to take decisions that create financial sustainability in the future, in light of the current economy facts and possible developments in the future.
Vice Chairman and CEO of Liquidity Management House that is owned by KFH Emad Al-Menaie will take part in one of the conference's sessions to discuss the role of Sukuk that are considered the Islamic alternative to bonds, and are used to finance companies and governments. This allows governments and companies to expand and execute projects; especially that Sukuk has become widely accepted worldwide. He will also discuss Kuwait's potential of becoming a regional and global hub for Sukuk issuance.
Al-Menaie underlines the pivotal role played by KFH in issuing Sukuk worldwide to companies and governments. He revealed that the bank has issued Sukuk worth over USD 5 billion, such as the sovereign Sukuk deal that was arranged for the Turkish government for USD 1.5 billion.
-Ends-
© Press Release 2013
