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Kuwait: As part of its leading social responsibility program and its ongoing commitment to supporting environmental initiatives, Kuwait International Bank (KIB) sponsored the installation and maintenance project for marinas around southern islands; an important site for coral reefs in the country. The project was organized by the Environment Protection Fund, in cooperation with the Kuwait Diving Team and the Environmental Voluntary Foundation (EVF).
The marinas project began in 1997, and has since then evolved to the installment and replacement of a large number of marinas in the islands of Kubbar, Um Al Maradim and Qaruh. The newly installed marinas provide a safe and easy way to anchor boats and yachts even during the most difficult weather conditions.
On behalf of KIB, General Manager of the Retail Banking Department, Othman Tawfeqe, provided financial support to the Environment Protection Fund, in the presence of its Chairman and members of the EVF as well as the Kuwaiti Diving Team. He also added: “KIB’s sponsorship of this project comes as part of its strong belief in the importance of environmental preservation projects which aim at protecting marine life and coral reefs from destruction while dragging traditional anchors for boats and yachts.”
Tawfeqe noted that KIB always strives to lend its financial and moral support to various projects and initiatives with goals and objectives that positively impact diverse segments of the local community.
Senior Manager of the Corporate Communications Unit at KIB, Nawaf Najia, said: “This sponsorship is part of our social responsibility program which aims at positively impacting the community through sponsoring various initiatives and projects that improve community awareness. Environmental initiatives are a core component of our program, as we sponsor various initiatives that protect and preserve the environment. We believe these initiatives truly serve the community and all its members.”
On his part, Director General and Chairman of the Environment Protection Fund, Sheikh Abdullah Al-Ahmad Al-Hamoud Al-Sabah, expressed his sincere appreciation of KIB’s financial support which contributed to the successful construction of new marinas on the islands of Kubbar, Um Al Maradim and Qaruh. He also lauded the Bank’s social program which aims at sponsoring various impactful projects and initiatives to preserve the local environment and marine life. Al-Sabah also pointed out the importance of supporting the private sector in large national environmental projects, which in turn add value to the overall local environment.
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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”.
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