KuwaitPR.com, Online Press Release from Kuwait
Banking & Insurance(Banking & Investments)
Filter PR by
KIB named to the Inaugural Fortune 500 Arabia List
KIB named to the Inaugural Fortune 500 Arabia List

Cementing the Bank’s position as a market leader and patron of growth

Kuwait, 19 November 2023: In a testament to its outstanding business success, Kuwait International Bank (KIB) announced that it has been named to Fortune 500 Arabia’s inaugural list, which ranks the top 500 corporations from across 22 Arab countries in order of annual revenue. The Bank’s recognition rests upon its 32.26% year-on-year (YoY) rise in its revenue for 2022, which amounted to KD 132.66 million, up from KD 98.84 million in 2021.

Adding to KIB’s multiple banking accolades, its recognition on the Fortune 500 Arabia list will attract more regional and global investors, further catalyzing the Bank’s growth toward new definitions of banking success.

Commenting on this honorable recognition, Othman Tawfeqe, Retail Banking Department General Manager at KIB, said: “It is a great honor for all of us at KIB to see our unyielding pursuit of excellence and success recognized by an institution as prestigious as Fortune 500. However, being a Fortune 500 Arabia company isn’t merely a title to boast, but a responsibility toward our shareholders to continue setting new benchmarks for success in the market, and toward our customers and community to continue putting their best interest at the heart of all our decisions.”

“On behalf of all KIB staff, we are excited to continue journeying down this path of banking excellence and further consolidating our position among the leading Islamic banks in the region,” added Tawfeqe. “We firmly believe that this recognition will bring out the best in all employees across all departments who spare no effort to approach all opportunities and challenges with open hearts and minds.”

Looking past the revenue achieved by the Bank, KIB also remains committed to elevating the local banking experience to new heights by developing all its products and services, as well as programs and initiatives, to better adapt to customers’ ever-evolving needs, in line with the Islamic Shari’ah and latest environmental, social, and governance (ESG) standards.

It serves to note that KIB has been recognized by a number of notable awards, including the first-ever Qorus Reinvention Awards – MEA, and has received the World Finance “Best Islamic Bank in Kuwait” Award, in addition to many others.

Posted by : Kuwait PR Network Editorial Team
Viewed 4362 times
PR Category : Banking & Investments
Posted on : Monday, November 20, 2023  12:25:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of KuwaitPR.com.
Previous Story : Burgan Bank Celebrates Successful Sponsorship of Dar Al-Atha...
Next Story : KIB Chairman honored once more with “Life Achievement in Isl...
Email this article Print this article

Share this article with your friends and followers
Back to Section Home

Related Stories

Most Viewed Press Release posted in the last 7 days
LG Announces Third-Quarter 2023 Financial Results [14267-Views]
Philip Morris International Progresses Towards a Smoke-Free Future in GCC markets [1985-Views]
All-New Nissan X-TRAIL Records Segment-leading Sales in the Middle East [1828-Views]
Ooredoo Business Launches Second Corporate Football Tournament [1759-Views]
Ooredoo Kuwait Sponsors Boost Football Team to Promote Amateur Football in Kuwait [1655-Views]
Ooredoo Kuwait's 'Live Healthy' Awareness Campaign Puts Employee Well-Being First [1555-Views]
Ooredoo Business: A Driving Force in Digital Excellence at Kuwait Digital Transformation Event [1543-Views]
Ooredoo Kuwait's 'Live Healthy' Campaign Expands Focus to World Diabetes Day, Reinforcing Commitment... [1354-Views]
Ooredoo Kuwait Leads the Way Towards Sustainable Telecom Infrastructure with Solar Hybrid Signal Boo... [1276-Views]
Ooredoo Kuwait Accelerates Digital Transformation with Strategic Investment in GitLab's AI-Powered D... [1255-Views]
Ooredoo Kuwait Leads the Way: 5G, VoLTE, and Roaming Milestones Set New Industry Standards [1253-Views]
KIB & Visa Partnership for Growth: A Transformative 7-Year Exclusive Strategic Collaboration [1147-Views]
Burgan Bank Sponsors Kuwait Women's Football League for the 2023 Season [1132-Views]
Ooredoo Kuwait Pioneers NB-IoT Integration, Bringing a Bright Future to Kuwait [1054-Views]
Ooredoo is the First Operator in Kuwait to Introduce Wi-Fi 7, Ushering in a New Era of Connectivity ... [1052-Views]
Burgan Bank Announces the Names of the Monthly Draw Winners of Kanz Account [1048-Views]
Burgan Bank Concludes Sponsorship of 5th Annual Fair Held by Expo 965 Team for Heritage Crafts and T... [1011-Views]
Ooredoo Kuwait Upgrades Gaming Experience with Express Routes for Gamers [1008-Views]
Burgan Bank Concludes its Platinum Sponsorship of the 10th eGovernment Forum [993-Views]
KIB Encourages Customers to Improve their Savings and Investment Skills [992-Views]
RSS Facebook Twitter LinkedDin KuwaitPR.com on Instagram
Top Sections
Top Stories