KFH pioneer at hir­ing young na­tional cadres: Group CEO

Low oil prices in­cum­bent on gov­ern­ment to con­tinue re­form plans

Kuwait Times - - LOCAL -

KFH-Group CEO, Mazin Saad AlNa­hedh said that Kuwait Fi­nance House (KFH) is a pioneer at re­cruit­ing and hir­ing young na­tional cadres, ex­press­ing his pride in spon­sor­ing the Youth Em­pow­er­ment Sym­po­sium for the fifth con­sec­u­tive year as part of the bank’s so­cial and na­tional re­spon­si­bil­ity in sup­port­ing and em­pow­er­ing the youth.

He added, in a press state­ment on the side­line of the sym­po­sium held amidst huge turnout that the young na­tional man­power is a ma­jor com­po­nent of the na­tional la­bor at KFH, in­di­cat­ing KFH hires and trains over 300 fresh grad­u­ates an­nu­ally at dif­fer­ent sec­tors art the bank.

“The drop in oil prices cast shadow on the na­tional econ­omy, mainly the bud­get deficit. It has been in­cum­bent upon the GCC gov­ern­ments to take dras­tic ac­tions to ad­dress the fall­ing oil prices es­pe­cially when the prices sharply dipped to be­low $30 a bar­rel. This re­quires con­tin­u­ing re­form plans and re­duc­ing cost poli­cies,” added Na­hedh.

He in­di­cated that the surge in oil prices to $50 level a bar­rel is suit­able for Kuwait’s bud­get, stress­ing the im­por­tance of the re­form plan that boosts the in­come and re­duces sub­si­dies. The fu­ture of oil prices is still not clear which en­ti­tles the Min­istry of Fi­nance to put the best plans to avoid any nega­tive im­pacts re­sult­ing from an­other sharp de­crease in oil prices. KFH seeks to tap into and avail the best in­vest­ment op­por­tu­ni­ties, yet to con­duct the most suit­able ac­qui­si­tions that add value to the bank in the MENA re­gion in par­tic­u­lar and the world in gen­eral.

More­over, speak­ing at the se­cond panel ses­sion at the Youth Em­pow­er­ment sym­po­sium themed ‘Leader Char­ac­ter­is­tics,’ Na­hedh il­lus­trated that there are qual­i­ties to make a good leader and to con­trib­ute in de­vel­op­ing the in­sti­tu­tion, most promi­nently is the clar­ity, the per­sua­sion skills, and to be a good lis­tener. The leader should ben­e­fit from the ex­pe­ri­ence and ca­pa­bil­i­ties of his em­ploy­ees. He should con­vince his team in the di­rec­tives and plans of the in­sti­tu­tion, yet to be fair, am­bi­tious, and armed with clear vi­sion.

KUWAIT: KFH-Group CEO Mazin Al-Na­hedh speak­ing at the Youth Em­pow­er­ment Sym­po­sium.

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