KIB and the Real Estate Union host a workshop on digital transformation in the real estate sector
The workshop concluded with practical recommendations for public and private sector entities, including proposals to enhance the real estate sector's digital infrastructure and strengthen collaboration between the public and private sectors in developing and leveraging technology for real estate services. These efforts aim to improve investor access to reliable, transparent data, ultimately enhancing the attractiveness and sustainability of Kuwait's real estate market.
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Al Bawaba
06-08-2025
- Al Bawaba
KIB delivers a workshop on the fundamentals of investment and real estate appraisal at Kuwait University for the third consecutive year
Kuwait International Bank (KIB), represented by its Real Estate Department, announced the delivery of its fifth specialized workshop on the fundamentals of investment and real estate appraisal at Kuwait University. Running for the third consecutive year, the workshop is part of a series of training events organized by the Bank in collaboration with the College of Business Administration at Kuwait University, under the framework of the memorandum of understanding (MoU) signed between the two initiative comes as part of the Bank's comprehensive corporate social responsibility program, which focuses on supporting education, transferring practical knowledge, and expanding collaboration with academic institutions. It also reflects the Bank's commitment to implementing Environmental, Social, and Governance (ESG) principles to enhance its effective contribution to community important event featured the participation of Mishari Al-Boualayyan, Head of the Real Estate Appraisal Department at KIB, and Engineer Basel Salem, Real Estate Consultant in the Real Estate Advisory Department, along with a number of university faculty members and a group of on the event, Al-Boualayyan said: 'The organization of these workshops reflects the Bank's commitment to contributing to the development of qualified national talent with strong skills that meet the demands of the real estate market.' He highlighted that KIB will continue to launch more educational and training initiatives as part of implementing the memorandum of understanding signed with Kuwait University, which aims to integrate practical studies into the university's academic curriculum. From his side, Salem stated: 'Our participation in such initiatives stems from KIB's position as a specialized institution in real estate financing and appraisal since its establishment. Through this workshop, the Real Estate Department aimed to provide comprehensive educational content covering all aspects of real estate investment and appraisal, including international real estate valuation standards and the key factors that influence appraisal. These include the cost approach, the income capitalization approach, and the market sales comparison approach.'These workshops represent a valuable opportunity to directly engage with students and share expertise and knowledge that enrich their academic journey. They also reaffirm the Bank's commitment to its comprehensive corporate social responsibility strategy, which embraces the implementation of ESG principles. It is worth noting that the Real Estate Department at KIB provides integrated real estate services, backed by extensive and pioneering experience in the field since the Bank's establishment. It also serves as a trusted reference for leading government entities, banking institutions, as well as investment and real estate companies in Kuwait.
Al Bawaba
05-08-2025
- Al Bawaba
KIB signs an agreement with The British School of Kuwait to offer a zero-profit tuition installment service
Kuwait International Bank (KIB) has announced the signing of a partnership agreement with The British School of Kuwait (BSK), allowing parents to benefit from a convenient tuition installment service. This initiative aims to expand access to quality education while offering families a more flexible and manageable approach to covering tuition fees. The agreement was unveiled during a press conference held at the school, attended by KIB's General Manager of Retail Banking Othman Tawfeqe, and BSK's Founder and Director – Madam Vera Al-Mutawa MBE, along with several representatives from both on the new partnership, Othman Tawfeqe, General Manager of the Retail Banking Department at KIB, stated: 'We are proud to partner with The British School of Kuwait, one of the oldest and most prestigious educational institutions in the country, renowned for its long-standing commitment to delivering high-quality education in line with the highest international standards. In recognition of BSK's vital role in Kuwait's educational landscape, we are pleased to offer a zero-profit tuition installment plan, designed to facilitate access to quality education and support families in managing their educational expenses with greater ease and flexibility.'He added: 'KIB consistently strives to offer innovative financial solutions that cater to the needs of our customers and the community at large, and this agreement is a clear reflection of that commitment. We understand that education costs can pose a challenge for many families, which is why we were keen to introduce a flexible, zero-profit payment system that offers parents peace of mind and supports better financial planning. This new partnership between KIB and BSK stands as a model of effective collaboration between the financial and education sectors, opening new opportunities for students in Kuwait to access high-quality education.'On his part, Abdulrahman Al Bahar, Direct Sales Manager at KIB, said: 'The installment payment system allows parents to pay tuition fees in manageable installments, without any added profit charges. This is what makes the offer truly unique, particularly within the private education sector. More importantly, KIB has ensured that this service is accessible to everyone, with no requirement to transfer salaries to the Bank or be an existing KIB customer. This underscores KIB's commitment to offering inclusive and accessible banking solutions to a wide segment of society, reflecting its efforts to support social and economic development and its new strategy to deepen customer relationships.'From her side, Mme Vera stated: 'This partnership with KIB reflects our commitment at The British School of Kuwait (BSK) to supporting families who are investing in their children's future. By offering flexible payment options, we're making it easier for families to access the highest quality education in an environment that nurtures growth, curiosity, and lifelong learning.' It is worth noting that this agreement is part of a broader series of initiatives and partnerships that KIB is establishing across various sectors in Kuwait, aimed at providing flexible and accessible payment solutions for both citizens and residents. KIB has a strong track record of forging strategic partnerships with leading companies and institutions in diverse fields, including education. This diversity reflects the Bank's comprehensive strategy to deliver added value to its customers and meet their evolving needs, in line with its main slogan 'Bank for Life.'
Al Bawaba
04-08-2025
- Al Bawaba
KIB awarded 'Excellence in Digital Leadership and Customer-Centric Banking in Kuwait' for 2025 by World Union of Arab Bankers
Kuwait International Bank (KIB) has been awarded by the World Union of Arab Bankers (WUAB) with the 'Excellence in Digital Leadership and Customer-Centric Banking in Kuwait for the Year 2025' award. The accolade was presented during the 11th Arab Banks Awards and Commendations of Excellence 2025 ceremony, held in Beirut and organized by The Banking Executive Magazine, the Union's official publication. The ceremony was attended by Mr. Musab Al-Shalan, Deputy General Manager of the Retail Banking Department, who accepted the award on behalf of the Bank, along with Ms. Marwa Marafie, KIB's Marketing & Corporate Communications Manager. This prestigious honor reaffirms KIB's remarkable achievements in digital infrastructure and strategic commitment to placing customer service at the forefront in all its innovative initiatives. The selection process was based on multiple criteria, including a strong focus on digital customer experience, personalized, flexible, and user-friendly services relying on data analysis and a deep understanding of customer needs. In addition, by updating multiple features, the Bank enabled seamless e-payment services, namely KIBPay. This resulted in a significant increase in the volumes of digital transactions and high-performing indicators in customer satisfaction. Commenting on the Bank's latest recognition, Musab Al-Shalan, Deputy General Manager of the Retail Banking Department at KIB, said: 'We're honored by this recognition from the World Union of Arab Bankers, which reflects the work we've been doing to continuously evolve KIB into a state-of-the-art digital-first and customer-centric institution. Our product development capabilities have grown significantly, with innovation embedded throughout each phase of our offerings. We continue to invest in building next-generation digital platforms that meet evolving market needs and foster deeper customer engagement.' Al-Shalan emphasized that KIB's participation in this ceremony reaffirms the Bank's keenness to strengthening its regional presence and activate communication channels with Arab and international banking institutions. It also reflects its commitment to strengthening its relationship with the Union of Arab Banks and other banking institutions, along with the relevant official and media personalities. This participation also falls within KIB's broader commitment to supporting events that contribute to the development and unity of the Arab banking sector, while also highlighting Beirut's role as a pivotal center embracing initiatives aimed at advancing the banking profession at the regional and international levels. The Bank extends its wishes for Lebanon's continued prosperity and stability. He also stated that during 2024, the bank released a series of digital enhancements and distinctive services to its mobile app. These included the launch of the Interactive Teller Machine (ITM), along with the launch of distinctive digital card, the KIB Multicurrency Prepaid Card loaded with 12 different currencies. These services and updates contributed to notable results, including an increase of 71% in the number of transactions conducted via the bank's mobile app and digital channels, a 31.25% rise in registered app users, and a 72% growth in the number of customers engaging with the KIB Rewards Program. Al-Shalan reaffirmed: 'KIB has sharpened its focus on the customer experience, an area which remains a key driver for sustainable growth. Understanding our customers' needs and delivering that with precision guides everything we do. We are increasingly leveraging data intelligence to deliver personalized, value-driven services to both individual and business customers.' It is worth noting that the World Union of Arab Bankers, headquartered in the Lebanese capital Beirut, comprises more than 500 members from the Arab banking sector. The organization publishes The Banking Executive Magazine, which launched the Arab Banks Awards and Commendations of Excellence in 2015. Since then, the event has become one of the most prominent events in the Arab banking industry, annually honoring more than 50 banks across the region. KIB's recognition highlights its role as an active contributor in developing cutting-edge digital solutions. The Bank continues to align its strategy with innovation, operational excellence, and customer empowerment. It constantly strives to bring a seamless, modern, and secure banking experience to all segments of society, stemming from its core promise, 'Bank for Life'.
