Kuwait: Kuwait International Bank (KIB) wishes to extend its warm congratulations to Mr. Jamal Al Barrak, General Manager of Investment Department at KIB, on being appointed as Vice Chairman of the Gulf Bond and Sukuk Association (GBSA), the non-profit membership organization that represents the Arabian Gulf debt capital market.
Founded in 2009 in UAE, GBSA is based in the Dubai International Financial Centre. The non-profit association works with governments, regulators, participants in the Sukuk and bond market to identify and encourage best practices, to promote the deep and liquid fixed income markets needed to support economic growth and transformation in the Gulf region, in addition to addressing issues affecting markets at the local and regional levels.
In a statement, KIB expressed pride at the appointment of its General Manager of Investment Department to assume this position, stressing that Al Barrak shall excel in his new role, thanks to his more than 20-years of experience in the field of investment banking, financial management and corporate finance.
On his part, GBSA’s President Michael Grifferty said: “We are delighted to work with someone of Jamal Al Barrak’s calibers in a leadership role. And we look forward to working closely with him on initiatives to further enhance the market.”
The Bank further praised Al Barrak's successful career upon joining its executive management team, leading a group of investment professionals in managing and expanding KIB’s investment portfolio, thus playing an active role in making its strategic initiatives. In addition, gaining accolades and awards for the Bank in the debt capital markets by their active and prudent participation in the Sukuk market.
KIB is focused on advancing the individual career development and leadership of national human capital like Al Barrak. To that end, the Bank always strives supporting individuals throughout their career life cycle in line with its strategic goals to strengthen its position in the local and regional markets. The Bank will continue to participate in award-winning deals in collaboration with local, regional and international financial institutions.
Kuwait International Bank (KIB) is a bank that operates according to the Islamic Shari’ah, based in the State of Kuwait. Incorporated in 1973, and originally known as Kuwait Real Estate Bank, KIB made the transition to its current Islamic operating model in 2007. In 2018, KIB embarked on a new phase of its journey full of innovation and development. As part of its new strategic direction, the Bank focuses on offering a next-level customer experience under the slogan: “Bank for Life”.
Through a network of branches spread across the State of Kuwait, KIB offers a broad range of banking products and services, as well as innovative digital banking solutions in line with international best standards. As part of its duty towards the community, the Bank also encompasses a leading social responsibility program that aims at positively impacting all members of the community through a wide range of impactful initiatives and activities.
Today, KIB has taken concrete steps in implementing its new strategic objectives. The Bank has cemented its role as a key player in the local banking industry and has continued to maintain its strong financial performance; enabling it to be globally recognized for its strong credit rating and financial position.
© Press Release 2021