Kuwait Banking AssociationOrganizer
The Kuwait Banking Association (KBA) was declared on May 16, 2001 based on Ministerial Resolution No. 82 for the year 2001, to replace the Kuwait Banking Committee established on December 12, 1981, pursuant to an agreement among the Chairmen of local banks, to strengthen their cooperation, facilitate coordination in addressing their common issues, enable them to keep abreast with developments in banking systems, and raise their employees standards.
KIPCO GroupDiamond Partner
The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32.7 billion as at 31 December 2016. The Group has significant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.
Kuwait Finance HouseDiamond Partner
Global Integrated Operations for the Banking Sector
Leading the Islamic finance industry, KFH Group’s banking network spans across several regions worldwide, with more than 450 branches, over 860 ATMs and around 9,000 employees.
- Kuwait Finance House (KFH) was the first Islamic bank established in Kuwait in 1977. Today, KFH is one of the leading Islamic banking institutions in the world, and one of the biggest financiers in both the local and regional markets.
- KFH’s largest shareholders include: Kuwait Investment Authority (Direct), Kuwait Awqaf Public Foundation (Direct), Public Authority for Minors’ Affairs (Direct), The Public Institution for Social Security (Indirect).
- KFH (KSE: KFIN) is a publically listed company on the Kuwait Stock Exchange (KSE).
- Kuwait Finance House - Kuwait
- Kuwait Finance House B.S.C.- Bahrain
- Kuwait Turkish Participation Bank – Turkey
- Kuwait Finance House – Malaysia (Berhad)
- Saudi Kuwaiti Finance House S.S.C
- Kuwait Turkish Participation Bank – Dubai
- KT Bank AG. – Germany
Kuveyt Türk has been established under the status of Private Finance House in 1989 to engage in banking activities in accordance with the requirements stipulated by the Decree No. 831/7506 of 16.12.1983 of the Council of Ministers. Kuveyt Turk’s shareholder include Kuveyt Finans Kurumu (Kuwait Finance House) holding 62%, Kuwaiti Public Institution for Social Security holding 9%, Islamic Development Bank holding 9%, Vakıflar Genel Müdürlüğü (General Directorate of Foundations) holding 18% and other shareholders holding 2%.
Kuveyt Türk has, since its foundation, adopted as its principles to be painstaking in interest-free banking system, research in the field of investment, offer modern, stable, reliable, high-quality and quick service to savings holders and businessmen, and provide its staff with ongoing training for the purpose of increasing their productivity.
In line with its vision to become a global participation bank, Kuveyt Türk has also opened branch offices and representatives abroad. Kuveyt Turk is bringing quick and high-quality service to savings holders and investors through its branches and correspondents at home and abroad by means of any and all the state-of-the-art technological means. Kuveyt Türk operates through its 386 branch offices throughout Turkey as well as Bahrain branch office and banking affiliates and Germany.
Al Ahli Bank of KuwaitGold Partner
ABK was created in 1967 and serves retail and commercial customers in, Kuwait, Egypt and the UAE.
ABK’s Corporate Division delivers financial services for the construction, real estate and trade sectors, while the Treasury and Investments Division provides a wide range of foreign currency services.
ABK’s subsidiaries, Al Ahli Kuwaiti Fund and the Gulf Fund, offer clients a range of mutual funds.
Throughout 2016 ABK received numerous international awards, including being listed as one of the 50 safest banks in the Middle East by Global Finance. Moody’s awarded ABK a strong credit rating A2, and A+ from Fitch.
Kuwait Financial Centre 'Markaz', established in 1974, is one of the leading asset management and investment banking institutions in the Arab region. Markaz's Assets Under Management (AUM) as of 31 December 2016 is KD 935 million (USD 3.05 billion). Markaz was listed on the Boursa Kuwait in 1997.
Since its establishment, Markaz has sought to provide sophisticated and competitive financial services giving its investors and clients a window on regional and global markets. Knowledge and innovation have been the values we relied on when launching financial instruments in the local market as well as those in MENA, East Asia, and North America, in addition to our participation in investment, industrial, and real estate projects, both locally and abroad.
Gulf Insurance GroupSilver Partner
Gulf Insurance Group (GIG) is a consistent market leader in Kuwait in terms of premiums written, both in life and non-life insurance.
GIG is amongst the largest and most diversified insurance groups in the MENA region. The group is one of the leading private insurers by gross premium written, with a strong competitive market position in Kuwait, Jordan, Bahrain and Egypt. Furthermore, the Group has operations in Saudi Arabia, Lebanon, Syria, Algeria, Turkey, Iraq and the UAE. GIG’s revenue and earnings are geographically diversified.
Through its customer-centric approach, GIG offers a range of products and services involving various classes of insurance at conventional and takaful.
Burgan BankSilver Partner
Burgan Bank is the second largest by assets in Kuwait, with a significant focus on the corporate and financial institutions sectors, as well as having a growing retail and private bank customer base. Burgan Bank has majority owned subsidiaries in the MENAT region, supported by one of the largest regional branch networks. The bank has continuously improved its performance through an expanded revenue structure, diversified funding sources, and a strong capital base.
The Bank’s brand has been created on a foundation of real values – trust, commitment, excellence and progression. ‘People come first’ is the foundation on which its products and services are developed.