KIB sponsors GBSA Debt Capital Markets Conference in Dubai

Conference discusses regional economic outlook, changes in oil prices

KUWAIT: As part of its ongoing efforts to promote the economic and financial development of the region, KIB sponsored the 2nd Gulf Bond and Sukuk Association (GBSA) Debt Capital Markets Conference. Held in Dubai, the invitation-only event gathered a number of senior government officials, thought leaders, credit rating agencies, and industry experts from across various fields throughout the Gulf area.

The exclusive conference featured high-level discussions with government officials and regulatory bodies, with topics including regional economic outlook, changes in oil prices, policy reform efforts, debt composition, challenges facing the Islamic Sukuk and ways to unite efforts to develop the Sukuk market as an attractive funding tool, sovereign wealth, and various economic diversification efforts.

Karim Namek, General Manager of Treasury at KIB, attended the conference on behalf of the Bank - alongside many high-ranking executives from around the GCC. The conference sought to promote best practice approaches to the debt capital market and support corporate treasure, in addition to strategically addressing and responding to disruptions impacting the business and broader industry. The conference also provided professionals with a platform to share expertise and experience that can transform the treasury function in businesses.

Karim Namek said that “KIB” remains committed to playing an active role in the regional and international banking industry. The Bank is also a firm believer in conferences such as the GBSA being critical to promoting the success and development of the banking industry in the region.

Within that vein, KIB’s sponsorship of the GBSA came as part of the Bank’s commitment to further developing the Kuwait market, by paving the road to innovations and trends that shape the GCC bond and sukuk market. KIB also lauded the hard work and efforts of government authorities and the GBSA for their efforts in establishing a professional debt management capacity.