Kuwait International Bank appoints new Vice Chairman and CEO

Kuwait: KIB recently appointed Raed Jawad Bukhamseen as Vice Chairman and Chief Executive Officer of the Bank, after obtaining the necessary approvals from the Central Bank of Kuwait (CBK). A longtime member of the KIB leadership team, Bukhamseen has served as Vice Chairman of the Bank since 2015 and has also been a member of the Bank’s Board of Directors since 2010.

Bukhamseen has extensive and broad-ranging experience in the banking, real estate and investment sectors in Kuwait and across the GCC. He has also continued to pursue a path of self-enrichment through executive programs in investment and banking at some of the world’s most renowned institutions.

Throughout his career, Bukhamseen has been regarded as a leader and visionary, having served in key leadership roles at several leading companies, such as serving as an Board Member of the Bukhamseen Group Holding Company currently, as well as Chairman and Chief Executive Officer of the Arab Investment Company (AIC) previously. Additionally, he continues to hold positions as a  board director of several companies and banks in Kuwait and the Middle East, including: Warba Insurance Company, Shared Electronic Banking Services Company (K-net), Egyptian Gulf Bank in Egypt,Layan Real Estate Company in Dubai, Salmiya Market Real Estate Company and Credit One Kuwait Holding Company.

KIB noted that Bukhamseen’s role as Vice Chairman and Chief Executive Officer of KIB is a strong reflection of his unwavering commitment to the leadership succession strategy. Additionally, it came as part of his continued dedication to supporting and developing local talents, as well as appointing them in senior positions that are in line with their skills and expertise; thereby enabling the Bank to achieve its ambitious goals aimed at strengthening its position in the banking and finance sector both locally and internationally.

In order to maintain its leading position, KIB promotes leadership continuity by preparing and cultivating generations of leaders who add exceptional value to the team, senior management and the Bank overall. With succession planning, these leaders are able to add true value to the Bank through their extensive skills and experience in the banking industry.

It is worth noting that Raed Jawad Bukhamseen holds a Bachelor of Science in Business Administration from Boston University, USA, which he obtained in 1999.

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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”. 

© Press Release 2018