Khaled Al-Failakawyi head of KIB’s Dis­clo­sure Unit

Kuwait Times - - BUSINESS -

Kuwait In­ter­na­tional Bank (KIB) an­nounced the ap­point­ment of Khaled Eissa Al-Failakawi as head of the Dis­clo­sure Unit at the Bank. Al-Failakawi will be lead­ing the unit in its mis­sion to im­ple­ment the high­est stan­dards of trans­parency, as per the best prac­tices and stan­dards in cor­po­rate gov­er­nance.

In ac­cor­dance with the reg­u­la­tions on cor­po­rate gov­er­nance is­sued by the Cen­tral Bank of Kuwait on 19th June 2012, per­tain­ing to the rules and sys­tems of gov­er­nance in Kuwaiti banks, KIB es­tab­lished the Dis­clo­sure and Trans­parency Unit with the man­date to man­age and over­see the dis­clo­sure of all es­sen­tial in­for­ma­tion, in line with all dis­clo­sure and trans­parency poli­cies and any rel­e­vant rules and reg­u­la­tions.

KIB’s Dis­clo­sure Unit ad­heres to an im­me­di­ate dis­clo­sure pol­icy, en­sur­ing that all es­sen­tial in­for­ma­tion is up­dated as soon as any changes oc­cur, af­ter which the Unit en­sures these up­dates are pub­lished in a timely man­ner. This pol­icy is im­ple­mented for all im­por­tant and es­sen­tial in­for­ma­tion re­lated to the Bank, in­clud­ing fi­nan­cial po­si­tion, per­for­mance, busi­nesses re­sults, changes in own­er­ship or man­age­ment and any other is­sues that the laws may re­quire.

In its an­nounce­ment, KIB praised Al-Failakawi’s ex­per­tise and acu­men within the bank­ing sec­tor, par­tic­u­larly in the ar­eas of board man­age­ment and dis­clo­sure.

The Bank’s state­ment fur­ther added that Al-Failakawi will be join­ing a highly ex­pe­ri­enced and ex­ten­sively qual­i­fied man­age­ment team. This new­est ap­point­ment comes in line with KIB’s strat­egy to at­tract the best lo­cal tal­ents in order to help el­e­vate the Bank’s per­for­mance, en­hance its po­si­tion and help KIB achieve its ob­jec­tives and goals.

Khaled Eissa Al-Failakawi

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