Khaled Al-Failakawyi head of KIB’s Disclosure Unit
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.