Gulf Bank marks Earth Day by reinforcing its commitment to environmental sustainability with innovative initiatives
Marking Earth Day, Gulf Bank has once again emphasized its deep commitment to advancing environmental sustainability through a series of ongoing initiatives that support its vision for a greener future—aligned with Kuwait's goals for a clean energy transition.
As part of this commitment, Gulf Bank continues to play an active role in financing clean and renewable energy projects, contributing to the acceleration of the country's shift toward sustainable energy sources. The Bank is also implementing an ambitious plan to gradually transform its branch network into eco-friendly locations by installing solar panels and providing electric vehicle charging stations—an initiative aimed at reducing its carbon footprint and conserving natural resources.
A highlight among the Bank's recent initiatives was the transformation of used billboard materials into reusable shopping bags—an innovative step that reduces plastic waste and promotes a culture of recycling within the community.
Gulf Bank's commitment to sustainability extends beyond infrastructure and technology, focusing also on community involvement. In collaboration with its volunteer team, "Sawa'ed Al Khaleej", the Bank organizes beach clean-up campaigns aimed at raising environmental awareness and fostering a sense of collective responsibility toward both society and the environment.
These initiatives, among many others, reflect Gulf Bank's belief that sustainability is more than a slogan—it is a core, integrated approach that shapes every aspect of its operations, driven by a commitment to creating a better future for generations to come.
Gulf Bank aims to be Kuwait's leading bank, fostering a diverse and inclusive workplace to deliver exceptional customer service while contributing sustainably to the community. Through its extensive branch network and innovative digital services, the Bank empowers customers to conduct banking transactions conveniently and efficiently, ensuring a seamless experience.
In alignment with Kuwait Vision 2035, "New Kuwait," and its commitment to fostering collaborative partnerships, Gulf Bank is dedicated to driving robust sustainability initiatives across environmental, social, and governance (ESG) dimensions. The Bank is committed to implementing strategically selected and diverse sustainability programs both internally and ex-ternally.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
10 hours ago
- Zawya
Gulf Bank organizes fire safety workshop with Kuwait Fire Force to raise security awareness and fire prevention
As part of its ongoing commitment to promoting safety awareness, Gulf Bank recently organized a fire safety awareness workshop for its employees, in collaboration with the Kuwait Fire Force. The session was led by Major Mohammed Aseeri from the General Department of Public Relations and Media, who addressed several key topics related to safety procedures, emergency response strategies, and fire prevention methods in enclosed spaces. The workshop covered essential information about the most common causes of fires and how to prevent them. It also highlighted the proper actions to take in the event of a fire until emergency teams arrive on site. Emphasis was placed on the importance of quick and informed responses, as well as the correct use of safety equipment available on the premises. This initiative reflects Gulf Bank's ongoing commitment to maintaining a safe and healthy workplace, while enhancing employee awareness on how to respond effectively in emergency situations, in collaboration with official safety authorities. Towards the end of the session, Gulf Bank presented a commemorative plaque to the representatives of the Kuwait Fire Force, in recognition of their crucial role in protecting the community and their courageous efforts in safeguarding lives and property. Gulf Bank aims to be Kuwait's leading bank, fostering a diverse and inclusive workplace to deliver exceptional customer service while contributing sustainably to the community. Through its extensive branch network and innovative digital services, the Bank empowers customers to conduct banking transactions conveniently and efficiently, ensuring a seamless experience. In alignment with Kuwait Vision 2035, "New Kuwait," and its commitment to fostering collaborative partnerships, Gulf Bank is dedicated to driving robust sustainability initiatives across environmental, social, and governance (ESG) dimensions. The Bank is committed to implementing strategically selected and diverse sustainability programs both internally and externally.
Gulf Today
2 days ago
- Gulf Today
United Arab Bank launches strategic Rights Issue to raise up to Dhs 1.03 billion
United Arab Bank PJSC (UAB), listed on the Abu Dhabi Securities Exchange (ADX) announced that it proposes to increase its issued share capital by an amount up to Dhs1,031,275,325 (one billion thirty-one million two hundred seventy-five thousand three hundred twenty-five dirhams) from Dhs2,062,550,649 (two billion sixty-two million five hundred fifty thousand six hundred forty-nine dirhams) up to Dhs3,093,825,974 (three billion ninety-three million eight hundred twenty-five thousand nine hundred seventy-four dirhams) by way of the Rights Issue offered to the existing shareholders of the Bank. Further, United Arab Bank has published an invitation to its shareholders (the "Invitation") to subscribe for New Shares. Frequently asked questions relating to the Rights Issue will be made available on UAB's website ( on or around today's date. The New Shares will be issued at an issue price of Dhs1 per New Share (the "Issue Price"). The terms and launch of the Rights Issue were approved by the UAB's General Assembly Meeting held on 6th March 2025, following the approval of the Board of Directors of the Bank held on 4th February 2025. The necessary regulatory approvals have been obtained for this transaction. United Arab Bank intends to use the net proceeds raised from the Rights Issue to strengthen its capital base and to support future growth of the business of United Arab Bank. The holders of Rights, which includes shareholders of United Arab Bank and any persons who purchased Rights during the Rights Trading Period (the "Eligible Persons"), will be entitled to exercise their Rights to subscribe for New Shares at the Issue Price commencing on 4th July 2025 and ending on 17th July 2025. The New Shares will be allocated to Eligible Persons on 24 July 2025. Refunds will be given to Eligible Persons, who did not receive the number of New Shares that they subscribed for, on or around 24th July 2025. Commenting on the announcement, Shirish Bhide, CEO of United Arab Bank, said, "The Rights Issue represents a significant milestone in the Bank's journey towards its next phase of growth. It is an important step in strengthening United Arab Bank's capital position and reinforces our long-term commitment to sustainable growth. The additional capital will support the implementation of our growth strategy, enhance our financial resilience, and create long-term value for our shareholders while continuing to serve the UAE economy and contribute to its development agenda.' First Abu Dhabi Bank PJSC has been appointed as Lead Manager and Bookrunner in respect of the Rights Issue and Al Tamimi & Co. have been appointed as Legal Adviser. WAM
Zawya
3 days ago
- Zawya
NBK signs an MoU with AIU to enhance career development
Al-Ablani: We work collaboratively with educational institutions to develop national professionals and support Kuwait Vision 2035. We strive to support Kuwait's strategic agenda and build a sustainable and diversified economy that utilizes innovation and technology. The bank's leadership and excellence are highly driven by its professional development efforts. NBK believes in the essential role of education in shaping a thriving future for society. National Bank of Kuwait signed a Memorandum of Understanding (MoU) with the American International University to provide collaborative and innovative training programs and professional development workshops. Signing the memorandum were Mr. Emad Al-Ablani – Group Chief Human Resources Officer from NBK and Mr. Nael Alawadhi – Member of Board of Trustees from AIU with the attendance of officials from both institutions. According to the agreement, AIU will invite NBK representatives to participate in training programs and workshops organized by the university, which stands as a remarkable chance for exchanging knowledge and experiences. Moreover, specialized training programs will be organized for NBK employees in collaboration with the Human Resources Department, further enhancing the partnership in the field of professional development and elevating professional competencies. From its end, AIU will share its activities with the bank to explore sponsorship opportunities, and it will facilitate and prioritize NBK's access to campus to attend the different workshops and activities. AIU will also provide special care for students working part time at NBK by adjusting their schedules in line with their professional obligations, which reflects the two institutions' commitment to supporting continued education and professional development. This initiative comes as part of NBK's continued efforts to promote social responsibility and support education, as it firmly believes that investing in education is key to achieving a sustainable future, and it mirrors its dedication to collaborate with academic institutions to develop national professionals in line with Kuwait Vision 2035 and build a private sector-led economy that is diversified, sustainable, and underpinned by education, innovation, and technology. On this occasion, Al-Ablani commented: 'We strive to provide cutting-edge educational and training tools as per the latest international standards for competency development and enable our employees to access a diversified educational content that imparts knowledge and necessary experiences to boost innovation and enhance sustainability.' Al-Ablani added: 'We are proud of our long-standing relationships with all of Kuwait's educational and academic institutions that enable us to exchange training experiences and ultimately enhance professional competencies, as we are keen on aligning our own economic sustainability objectives with Kuwait's, and this relies heavily on providing training opportunities as per the highest international standards.' Al-Ablani also emphasized NBK's strong belief in education and its essential role in shaping the future of society, further indicating that the collaboration with AIU confirms NBK's commitment to preparing a generation of competent leaders and innovators in different fields by motivating students and establishing a nurturing environment that promotes innovation and creativity. Due to its essential role in affirming its leadership and excellence, NBK is remarkably keen on investing in its human capital by providing the best specialized programs as per international standards, presented by top banking experts who impart their knowledge, and transform professionals into future leaders.
