KIB spon­sors GBSA Debt Cap­i­tal Mar­kets Con­fer­ence in Dubai

Con­fer­ence dis­cusses re­gional eco­nomic out­look, changes in oil prices

Kuwait Times - - Business -

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.

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