Kuwait: Kuwait International Bank (KIB) sponsored the 2018 Institute of Internal Auditors (IIA) International Conference under the theme “Connecting the World Through Innovation”. Held at the Dubai International Convention and Exhibition Centre (DICEC), the conference was held under the auspices of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and witnessed an impressive turnout of over 3,000 internal audit professionals and experts.
On this occasion, General Internal Auditor at KIB, Mohamed Samir Abdel Ghany, said: “Our sponsorship of this conference stems from the strong belief and continued support of our Chairman, Sheikh Mohammed Jarrah Al-Sabah, and Dr. Haider Hassan Al-Jumaa, Board Member and Chairman of the Audit Committee. For this reason, we continue to support the internal audit profession both locally and internationally, thereby staying up-to-date with the latest developments, international standards, and latest technology impacting the field. Our commitment to doing so also falls in line with the Central Bank of Kuwait’s goal of strengthening the role of internal audit in the local banking sector.”
Abdel Ghany also added that the conference featured over 70 key topics presented to internal audit professionals and experts, such as: corporate governance, corruption, fraud, latest developments in the ever-changing field of internal audit, as well as technological innovation and artificial intelligence changing the internal audit function.
On behalf of KIB, Abdul Ghany received a special tribute from the president and CEO of IIA, Richard Chambers. The Bank was honored in recognition of its continued support of this conference and its active participation in promoting the value of internal audit at all professional levels.
About KIB
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.
KIB is a full service Bank operating through a network of branches spread across the State of Kuwait, and offering a broad range of banking products, services and solutions in accordance with the principles of the Islamic Shari’ah. The Bank’s mission and vision also encompasses a leading social responsibility program that aims at supporting every member of Kuwait’s society by spearheading a multitude of initiatives and activities.
In 2015, KIB embarked on a comprehensive strategic plan, aimed at improving the Bank’s performance indicators, as well as enhancing the quality of its products and services. The strategy focuses on propelling the Bank to the forefront of the Kuwaiti banking sector and setting it on a solid path to becoming the “Islamic Bank of Choice” in the market.
Today, KIB is in the midst of its new strategic transformation: a comprehensive and long-term program which is aimed at transforming the way KIB engages with customers across every touch point and communication channel. This new strategy focuses on offering a next-level customer experience that delivers much more than just “banking” in the traditional sense - but rather establishes KIB as a partner in every aspect of its customers’ lives; a true “bank for life”.
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
