KIB honored for excellence in labor nationalization
KUWAIT: In recognition of the Bank’s continuous efforts to support national labor and invest in local talents, Kuwait International Bank (KIB) was honored at the 15th ceremony recognizing excellence in labor nationalization policies in the private sector across the GCC. The event was held under the auspice of the 33rd Session of the Council of Ministers of Labor and Council of Ministers of Social Affairs of GCC States, which recently took place in Riyadh.
Recognizing the private sector institutions who are leading in the field of labor localization comes in line with the GCC States’ ongoing efforts to promote nationalization policies and initiatives across all sectors. It also serves to reaffirm the importance of the private sector in encouraging and fostering local talents.
Receiving the honor on behalf of the Bank and its management, Jamal Al-Barrak, General Manager of the Investment Department at KIB said: “KIB maintains a strategic approach towards investing in the national workforce, and the Bank is committed to providing the best career opportunities in the market for promising local talents. We always strive to support, encourage and attract young professionals who aspire for a career in the banking sector. We are also committed to advancing our own employees, continuously investing in their professional growth and development.” Barrak said that this latest accolade is a testament to the soundness of KIB’s employment policies and its ongoing efforts to promote labor nationalization. He also pointed out that, over the past few years, KIB has succeeded in achieving one of the highest rates for nationalization of labor within the market.
From another side, the General Manager of Human Resources Department, Nigel Holmes said: “KIB believes that human resources is one of the most vital sectors within any organization. The Bank is also a strong advocate of investing in human capital, and adopts focused and targeted strategies that aim to attract, retain and develop qualified national talents.”