
KIB's AGM approves 5% cash dividend and 5% bonus shares for the year 2024
ESG activities
In 2024, while implementing its strategic plan initiatives, KIB simultaneously reinforced its commitment to ESG practices and CSR, integrating them into the Bank's broader strategic initiatives.
KIB also developed a dedicated ESG strategy and launched initiatives to promote energy conservation, encourage recycling, and reduce paper-based transactions. Additionally, it signed cooperation agreements with universities to provide training programs for students and introduced entrepreneurship training programs through the KIB Mubader Center.
Throughout 2024, the Bank remained focused on ensuring that all strategic initiatives align with regulatory requirements and implementing best-in-class cybersecurity practices to safeguard the Bank's assets and customers.
Overall, KIB strives to balance strategic growth with social and environmental responsibility, while maintaining strict regulatory and security compliance.
Acknowledgments and appreciation
In his final remarks, Al-Jarrah extended his sincere thanks and appreciation to all shareholders, members of the Board of Directors, and the Executive Management for their continuous support to the Bank, and to everyone who supported its journey. He also expressed gratitude to the Central Bank of Kuwait for its ongoing support, commending its distinguished regulatory and supervisory role. Additionally, he thanked the Ministry of Commerce and Industry for its relentless efforts in supporting commercial and economic activities in the country, and the Capital Markets Authority for its supervisory and regulatory role in supporting an attractive and competitive investment environment in Kuwait.
Al-Jarrah also thanked the esteemed members of KIB's Sharia Supervisory Board, as well as the Bank's employees for their outstanding efforts, and its valued customers for their trust and continuous support of its journey and their effective contribution to its achievements. He also commended the efforts made by the State of Kuwait, its leadership and its people, to maintain the stability and security of the country.
Election of the KIB's board members
The Ordinary General Assembly of KIB's shareholders elected 11 members to the Bank's Board of Directors for the next three years. The non-independent members elected were Sheikh Mohammed Jarrah Al-Sabah, Mr. Raed Jawad Bukhamseen, Mr. Anwar Jawad Bukhamseen, Mr. Jassim Hassan Zainal, Dr. Abdullah Abdul Samad Marafi, Mr. Saleh Sulaiman Al-Trad, and Mr. Marzouq Khaled Yousef Al-Marzouq. The independent members were Mr. Abdul Razzaq Salah Al-Mutawa, Mr. Jassim Mohammed Al-Wazzan, Mr. Jihad Mohammed Ahmed Al-Qabandi, and Mr. Salem Falah Al-Hajraf.
© 2000 - 2025 Al Bawaba (www.albawaba.com)
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