CAIKC successfully hosts badminton tournament
The Tournament began with CA Aditya Dhanuka, Chairman of the ICAI Kuwait Chapter inaugurating the event, after which CA Jatin Bagaria, Executive Committee Member, took the lead to warmly welcome the participants and outline the rules, setting an enthusiastic tone for the day's competitions.
The competition was then set into motion, with CA Jatin Bagaria managing the event and organizing efforts from CA Joseph Peter and CA Umesh Soni. The games were smoothly facilitated with the help of additional committee members such as CA Dhruv Shah, CA Bhavani Vikram Joshi, CA Kunjumary Ignatious, and CA Sonia Enamakel.
CA Aditya Dhanuka, expressed his congratulations to all the winners and participants, emphasizing that such events help promote sportsmanship and camaraderie among members and their families. He then extended a special thanks to the committee members who ensured seamless tournament management. He also highlighted the joy and enthusiasm that filled the event, creating a memorable experience for all attendees.
CA Aditya Dhanuka also began the Prize Distribution ceremony, during which the committee members handed over trophies to the respective winners. The Chapter also expressed gratitude to its annual sponsors, Al Mulla Exchange and NBK, for their continued support.
The tournament wrapped up on a delightful note, with a sweet surprise awaiting the attendees. The Chapter presented each participant's family with a special Diwali gift box of sweets by Mughal Mahal, adding festive joy and warmth to the memorable event.
ICAIKC is committed to hosting more events in the future, promoting sportsmanship, unity, and a vibrant community spirit among its members. The Badminton Tournament was another step towards creating a lively and connected ICAIKC family in Kuwait.
The winners and runners-up in each category were as follows:
Men's Doubles Category
CA Sanjay Mathew Roy and CA Joseph Thomas
Winners
CA Sai Devata and CA Ravikiran Prabhakar
Runners Up
Women's Doubles Category
CA Vijaya Ann Joseph & Roshni Gonsalves (W/O CA Rabin Gonsalves)
Winners
CA Nisha Jalan & Hena Dhruv Shah (W/O CA Dhruv Shah)
Runners Up
Boys' Teen Category
Elvis Chacko Mathew (S/O CA Sanjay Mathew Roy)
Winners
Avyukt Pawan Kumar (S/O CA NP Kumar)
Runners Up
Boys' 8-12 Age Group
Arya Nagar (S/O CA Ravi Nagar)
Winners
Aaron Thomas (S/O CA Abin Raji Varghese)
Runners Up
Girls' Singles Category
Ummekulsoom Mahudhawala (D/O CA Mohammad Mahudhawala)
Winners
Meera Vikram Joshi (D/O CA Bhavani Vikram Joshi)
Runners Up
Hashtags
- BusinessSports#Diwali,BadmintonTournament,CA,AdityaDhanuka,JatinBagaria,DhruvShah,SanjayMathewRoy,JosephPeter,UmeshSoni,BhavaniVikramJoshi,KunjumaryIgnatious,SoniaEnamakel,JosephThomas,SaiDevata,RavikiranPrabhakar,VijayaAnnJoseph,RoshniGonsalves,RabinGonsalves,NishaJalan,HenaDhruvShah,ElvisChackoMathew,AvyuktPawanKumar,AryaNagar,RaviNagar,AaronThomas,AbinRajiVarghese,UmmekulsoomMahudhawala,MohammadMahudhawala,MeeraVikramJoshi,Bha,ICAIKC,Chapter,InstituteofCharteredAccountantsofIndia,KuwaitChapter,ISmashBadmintonAcademy,ICAIKuwaitChapter,AlMullaExchange,NBK,MughalMahal,runners-up,NPKumar
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Kuwait Times
2 days ago
- Kuwait Times
NBK concludes full stack developer program in collaboration with CODED
Nineteen trainees successfully completed the specialized program KUWAIT: National Bank of Kuwait (NBK) has concluded the Full Stack Developer Bootcamp—an intensive 14-week training initiative held at the Bank's headquarters in collaboration with CODED Academy. The program aims to strengthen the technical capabilities of young professionals in the banking sector, equipping them with advanced skills in programming and technology to support the industry's digital transformation. The closing ceremony of the program was attended by members of NBK's executive management led by Shaikha Al-Bahar, Deputy Group Chief Executive Officer at NBK, Mohammad Al-Kharafi, Group Chief Operating Officer at NBK, and Emad Al-Ablani, Group Chief Human Resources Officer at NBK, alongside senior leaders from both the Bank and CODED Academy. During the event, certificates were awarded to the 19 trainees who successfully completed the program. Graduates presented their final projects, showcasing the technical skills and practical knowledge they gained throughout the training program, which drew highly favorable reactions from the audience. The program was designed to equip trainees with professional competencies in software development, introducing them to advanced and comprehensive programming techniques and their practical applications in the workplace. It was structured in two phases: the first—a two-week selection and foundational stage—aimed to assess participants' technical readiness and commitment to the program's rigorous standards. The second phase, spanning 12 weeks, provided an immersive experience in advanced programming languages and integrated development techniques, enabling trainees to apply their skills in real-world scenarios. Commenting on the program, Emad Al-Ablani, Group Chief Human Resources Officer at NBK, stated: 'NBK's organization of this distinguished program in collaboration with CODED Academy reflects our ongoing commitment to empowering Kuwaiti youth. We remain dedicated to launching innovative training initiatives, educational programs, and targeted workshops that foster creativity, drive innovation, and prepare young talent to navigate today's competitive job market with confidence.' He further noted that NBK offers full-time employment opportunities to top-performing graduates of the program. Al-Ablani emphasized that, in line with NBK's pioneering role in driving digital transformation and its firm belief in the importance of empowering national talent, the Bank remains deeply committed to supporting Kuwait's strategic technological agenda. He noted that NBK continuously works to enhance the digital capabilities of Kuwaiti professionals by equipping them with the technical skills necessary to contribute effectively to the nation's economic development, address future challenges, and stay abreast of rapid technological advancements—across all sectors in general, and the banking industry in particular. He emphasized that NBK remains committed to leaving a lasting social impact by supporting a wide range of programs and initiatives focused on developing highly skilled national talent. He added that Kuwaiti youth possess immense potential and capabilities that, with the right guidance and nurturing, can be effectively harnessed to advance the nation's sustainable development goals. NBK plays a pivotal role in shaping the development journey of the current generation of Kuwaiti youth, placing strong emphasis on programs and initiatives designed to equip young individuals with the knowledge and skills essential to their personal growth and the long-term prosperity of Kuwaiti society as a whole. Furthermore, NBK remains firmly committed to staying at the forefront of technological advancement, continuously embracing innovation to pave the way for a successful digital future. The Bank consistently rolls out targeted training programs and initiatives aimed at fostering innovation and building specialized skill sets, including programming languages, coding, data analysis, and other key competencies essential to the evolving digital landscape. Al-Ablani: We are committed to launching innovative training initiatives that foster creativity and empower Kuwaiti youth Our goal is to equip a new generation with the skills needed to drive technological progress and actively contribute to the growth of the national economy
Kuwait Times
3 days ago
- Kuwait Times
NBK prices $800 million in landmark Additional Tier 1 bond issuance
Issuance represents Bank's largest AT1 transaction to date amid strong global investor demand KUWAIT: National Bank of Kuwait (NBK) successfully priced a $800 million PNC6 Additional Tier 1 bond issuance (AT1)—its largest issuance to date in this capital tier—following strong investor demand. The issuance was met with broad interest from global investors, marking a notable return to the GCC AT1 market after a brief pause that followed a concentrated wave of issuances in May. The issuance attracted strong demand, with subscription orders peaking at $2.2 billion—2.75x the issued amount—underscoring robust interest from a diversified pool of global investors and financial institutions. Private banks, in particular, played a pivotal role as key anchors during the orderbook building process. This overwhelming response reflects international investor confidence in NBK's solid credit profile and Kuwait's position as an attractive investment destination. MENA-based investors accounted for 47 percent of total allocations, followed by investors from the UK (19 percent), the United States (18 percent), Europe (13 percent), and Asia (3 percent). By investor type, asset managers and investment funds represented the largest share at 48 percent, followed by banks and private banking clients at 44 percent, while sovereign entities, insurance firms, and pension funds comprised the remaining 8 percent of total demand. Robust investor demand enabled NBK to achieve highly favorable pricing for the issuance, with the final yield set at 6.375 percent—representing a 50 basis point tightening from the initial price thoughts (IPTs) of 6.875 percent (equivalent to UST+240.3bps). The investment-grade credit rating of the issuance, at Baa3 from Moody's, further enhanced its appeal—driving strong interest from international private banking platforms and global asset managers. Citigroup, JP Morgan, HSBC, and Standard Chartered acted as Global Coordinators for the issuance, while the Joint Lead Managers included Citigroup, J.P. Morgan, HSBC, Standard Chartered, First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, KAMCO Investment Company, and National Bank of Kuwait. The bonds, which will be listed on the London Stock Exchange, are expected to strengthen NBK's capital adequacy ratios. The new issuance was conducted in parallel with NBK's liability management exercise which offered holders of the Bank's outstanding $750 million Additional Tier 1 securities, issued on November 27, 2019, the option to roll their existing positions into the new offering.
Kuwait Times
21-06-2025
- Kuwait Times
NBK awarded Best Bank in Kuwait for 2025 & Al-Sager recognized as MENA Sustainability Leader of the Year
MEED magazine's MENA Banking Excellence Awards Three prestigious awards reinforce NBK Group's leadership in innovative banking solutions and its excellence in sustainability and asset management KUWAIT: National Bank of Kuwait (NBK) has received three prestigious accolades from MEED magazine as part of MENA Banking Excellence Awards. Presented annually, these honors recognize the region's most distinguished financial institutions and spotlight those setting new benchmarks in innovation, customer experience and leadership within the banking sector. During the awards ceremony held by MEED magazine in Dubai, NBK was honored with three major distinctions, including 'Best Bank in Kuwait - 2025' - a new milestone that reaffirms the Bank's leading position in the financial sector. Additionally, Isam Al-Sager, NBK Group Vice Chairman and CEO, was named 'MENA Sustainability Leader of the Year' in recognition of his outstanding leadership and pivotal role in driving the Bank's sustainability agenda. His contributions have positioned NBK as a model for advancing one of the most vital causes shaping the future of coming generations. In the meantime, NBK Wealth was named MENA Fund Manager of the Year - 2025, further cementing the Group's standing as one of the region's leading asset management firms. Muhammad Al-Borno and Kholood Abdullah receive the award of the Best Bank in Kuwait. Muhammad Al-Borno receives the Sustainability Leader Award on behalf of Essam Al Saqr. Best in the local market NBK's recognition as the Best Bank in Kuwait for 2025 reaffirms its outstanding track record in delivering an exceptional banking experience — one that not only fulfills customers' needs but consistently exceeds their expectations. Renowned for pioneering innovative banking services and advanced payment solutions, NBK continues to lead the way in digital banking, making its name synonymous with innovation and excellence in Kuwait and across the region. Furthermore, NBK holds the highest credit ratings among all banks in the region, as affirmed by leading international credit rating agencies — Moody's, S&P's and Fitch. The Bank also stands out for its expansive local and international network, spanning key global financial centers, including China, Geneva, London, Paris, New York, and Singapore, alongside a strong regional presence across Lebanon, Egypt, Bahrain, Saudi Arabia, Iraq, and the UAE. Sustainability leader MEED honored Isam Al-Sager, NBK Group Vice Chairman and CEO, with the MENA Sustainability Leader of the Year award. This recognition affirms his pivotal role in steering NBK toward numerous sustainability milestones and reinforcing the foundations of sustainable development in Kuwait and across all the markets where the Bank operates. Among NBK's most notable milestones in this area is the integration of ESG standards across its operations and corporate culture — an approach that supports the transition to a sustainable, low-carbon economy and aligns with Kuwait's national roadmap to achieve carbon neutrality by 2060. Over the past year, the Bank has made significant strides in advancing its sustainability agenda, most notably through the successful issuance of its inaugural US$500 million green bonds — the first of their kind by a Kuwaiti financial institution. By the end of 2024, the Bank's sustainable finance portfolio had reached US$4.97 billion, representing nearly 50 percent of its US$10 billion target by 2030. Additionally, the Bank published its first Green Bond Allocation and Impact Report, underscoring the positive environmental outcomes resulting from the deployment of bond proceeds. NBK has been at the forefront of banks embracing the shift toward sustainable finance, launching a comprehensive suite of green transformation products and services across its branches. These include echo friendly housing loans, sustainability-linked financing, and consumer loans for electric vehicles — reinforcing the Bank's commitment to supporting environmentally responsible choices and advancing the transition to a low-carbon economy. Al-Sager was also ranked first in Kuwait and third in the banking and financial services sector across the Middle East in Forbes magazine's 2024 list of Sustainability Leaders in the region — further underscoring his influential role in driving sustainable practices within the banking industry.
