Latest news with #KIB|TheStadium
Arab Times
12-05-2025
- Business
- Arab Times
The Stadium joins the ranks of ‘Major Sporting Event of the Year' nominees at SPIA 2025
KUWAIT CITY, May 12:In a new testament to its steadfast commitment to community development through sports, Kuwait International Bank (KIB) announced that its annual mega sporting event, KIB | The Stadium, organized by the Bank's strategic partner Suffix, was nominated for the Middle East Sports Industry Awards - SPIA 2025 in the 'Major Sporting Event of the Year' category. The nomination comes on the heels of the third season of KIB | The Stadium's notable success, which featured a first-of-its-kind show jumping tournament by the sea, pitting it against major sporting events, such asthe FIFA Beach Soccer World Cup UAE 2024 Dubai, the Formula 1 Etihad Airways Abu Dhabi Grand Prix, and the NBA Abu Dhabi Games 2024 presented by ADQ, among others. The Sports Industry Awards celebrate excellence in the Middle East's sports sector, recognizing the achievements of individuals, teams, and organizations that have contributed to advancing the sports culture in Kuwait and strengthening its societal and economic impact. Commenting on the nomination, Marwa Marafie, Manager of the Corporate Communications Unit at KIB, said: 'It is an honor to see KIB | The Stadium nominated alongside global sporting giants for this esteemed award, especially after presenting only three editions of the event in partnership with line with KIB's vision to become the Islamic bank of choice, commitment to social responsibility, and adherence to the finest environment, social, and governance (ESG) principles, we are proud to continue sponsoring and supporting initiatives across Kuwait that contribute to our society's comprehensive development.' She added: 'This nomination stands as a testament to our dedication to nurturing Kuwait's sporting culture, particularly equestrianism, which is deeply rooted in our nation's heritage. It also reflects the growing impact of KIB | The Stadium as a platform for celebrating equestrian talent, inspiring the next generation of athletes, and strengthening Kuwait's position as an emerging hub for international sporting events.' On his part, Ahmed Al-Majed, Chief Operations Officer of Suffix, said: 'Being nominated alongside some of the Middle East's most prestigious sporting events is a milestone moment for all of us at Suffix. This recognition affirms that a bold vision and strong partnership can place Kuwait on the global sports map. KIB | The Stadium has become more than just an event — it's a unique platform that shines a spotlight on equestrian sports, particularly showjumping, which is deeply rooted in our culture and identity. Through this initiative, we celebrate our heritage, empower emerging talents, and deliver unforgettable experiences that resonate across the community. We thank KIB for believing in this shared vision and continuing to support events that inspire national pride and international recognition.' It is worth noting that the Bank's sponsorship of KIB | The Stadium since its debut in 2023 stemmed from its firm belief in the unique power of sports in influencing positive change on the individual and societal levels, especially among the younger generations. This comes as part of the Bank's comprehensive social responsibility program and multifaceted contributions to the overall development of Kuwaiti society, in line with its continued efforts to support the success of the New Kuwait Vision 2035.
Zawya
24-02-2025
- Business
- Zawya
The Stadium proves to be an exceptional success beyond expectations
Kuwait: Kuwait International Bank (KIB) announced the successful conclusion of the third season of KIB | The Stadium championship, which exceeded all expectations. The event garnered significant audience engagement and was enjoyed by attendees and participating riders from various countries, including Kuwait, Argentina, Bahrain, Belarus, Belgium, Germany, the United Kingdom, Hungary, India, Italy, Jordan, the Netherlands, Saudi Arabia, and Spain. This achievement played a vital role in promoting sports tourism, stimulating the local economy and domestic trade, and supporting small and medium-sized enterprises. The championship drew a large crowd, creating a thrilling and sportsmanlike atmosphere of intense competition. The closing ceremony was attended by several prominent figures, including H. E. the Minister of Information and Culture and Minister of State for Youth Affairs Abdulrahman Baddah Al-Mutairi; Vice Chairman and CEO of KIB Raed Jawad Bukhamseen; Vice President of the Kuwait Olympic Committee Sheikh Mubarak Faisal Nawaf Al-Ahmad Al-Sabah; Acting Director General of the Public Authority for Sports Bashar Abdullah; President of the Kuwait Equestrian Federation Masoud Hayat; Secretary of the Kuwait Equestrian Federation Ghazi Al-Jariwi; General Manager of the Retail Banking Department at KIB Othman Tawfeqe; Chief Executive Officer of Suffix Ahmed Al Huzami; Manager of the Corporate Communications Unit at KIB Marwa Marafie; in addition to a number of employees from KIB and Suffix. Commenting on the success of the three-week championship, Othman Tawfeqe, General Manager of the Retail Banking Department at KIB, said: 'We are extremely proud of the success of the third edition of KIB | The Stadium. This event not only highlighted Kuwait's remarkable equestrian talent but also reinforced the country's position as a premier destination for hosting and organizing international sporting events. We congratulate all the winners and participants on their outstanding performances.' As the title sponsor of the championship organized by Suffix, KIB partnered with leading experts and specialists in sports event management for KIB | The Stadium. A world-class equestrian arena was built along Marina Beach, providing a unique and innovative experience for the Kuwaiti community as well as the local and international teams competing in the event. Tawfeqe added: 'KIB is dedicated to supporting and sponsoring sports events and activities, reinforcing the role of Kuwaiti banks—and the private sector as a whole—as strategic partners in the state's efforts to empower youth, nurture talent, and advance Kuwait's sports landscape. This commitment also strengthens Kuwait's position as a premier destination for hosting major international championships. Continuing this mission, the Bank remains committed to building a better future for the community, launching and sponsoring initiatives that enable individuals to achieve their ambitions, reflecting its main slogan, 'Bank for Life'.' Tawfeqe also expressed his gratitude to everyone who contributed to the success of the third season of KIB | The Stadium, highlighting how this year's events drew a large audience of equestrian enthusiasts and played a key role in promoting the sport across the region. He emphasized that this success reinforces KIB's commitment to supporting such initiatives, which align with the Bank's comprehensive social responsibility strategy and its ongoing efforts to strengthen community engagement and foster meaningful connections with all segments of society. From his side, Chief Operations Officer of Suffix Ahmed Al-Majed said: 'The success of the third season of KIB | The Stadium is a testament to the growing enthusiasm for equestrian sports in Kuwait and the region. At Suffix, we take pride in organizing such prestigious competitions, and we remain committed to elevating the standard of equestrian events in the country. Congratulations to all the winners and participants for their outstanding performances.' The KIB | The Stadium championship attracted approximately 500 riders and 5,000 spectators, fostering an atmosphere of excitement, fierce competition, and true sportsmanship. Kuwaiti rider Yara Al-Hunaidi stole the spotlight by claiming first place in the Grand Prix of the FEI World Cup Jumping Qualifier, a CSI3-W* event. Ali Al-Khorafi secured second place, while Fawaz Al-Subaie finished third. The winners earned valuable points toward their World Cup qualification rankings. It is worth noting that sports play a vital role in KIB's comprehensive social responsibility program, which includes organizing and sponsoring various sports activities and events across Kuwait. The Bank remains dedicated to promoting a sports culture within the community while continuing to support young athletes who have achieved remarkable milestones and proudly represented Kuwait on the international stage. About KIB Kuwait International Bank (KIB) is a bank that operates according to the Islamic Shari'ah, based in the State of Kuwait. Incorporated in 1973, and originally known as Kuwait Real Estate Bank, KIB made the transition to its current Islamic operating model in 2007. In 2018, KIB embarked on a new phase of its journey full of innovation and development. As part of its new strategic direction, the Bank focuses on offering a next-level customer experience under the slogan: 'Bank for Life'. Through a network of branches spread across the State of Kuwait, KIB offers a broad range of banking products and services, as well as innovative digital banking solutions in line with international best standards. As part of its duty towards the community, the Bank also encompasses a leading social responsibility program that aims at positively impacting all members of the community through a wide range of impactful initiatives and activities. Today, KIB has taken concrete steps in implementing its new strategic objectives. The Bank has cemented its role as a key player in the local banking industry and has continued to maintain its strong financial performance; enabling it to be globally recognized for its strong credit rating and financial position.
Al Bawaba
24-02-2025
- Business
- Al Bawaba
The Stadium proves to be an exceptional success beyond expectations
Kuwait International Bank (KIB) announced the successful conclusion of the third season of KIB | The Stadium championship, which exceeded all expectations. The event garnered significant audience engagement and was enjoyed by attendees and participating riders from various countries, including Kuwait, Argentina, Bahrain, Belarus, Belgium, Germany, the United Kingdom, Hungary, India, Italy, Jordan, the Netherlands, Saudi Arabia, and Spain. This achievement played a vital role in promoting sports tourism, stimulating the local economy and domestic trade, and supporting small and medium-sized championship drew a large crowd, creating a thrilling and sportsmanlike atmosphere of intense competition. The closing ceremony was attended by several prominent figures, including H. E. the Minister of Information and Culture and Minister of State for Youth Affairs Abdulrahman Baddah Al-Mutairi; Vice Chairman and CEO of KIB Raed Jawad Bukhamseen; Vice President of the Kuwait Olympic Committee Sheikh Mubarak Faisal Nawaf Al-Ahmad Al-Sabah; Acting Director General of the Public Authority for Sports Bashar Abdullah; President of the Kuwait Equestrian Federation Masoud Hayat; Secretary of the Kuwait Equestrian Federation Ghazi Al-Jariwi; General Manager of the Retail Banking Department at KIB Othman Tawfeqe; Chief Executive Officer of Suffix Ahmed Al Huzami; Manager of the Corporate Communications Unit at KIB Marwa Marafie; in addition to a number of employees from KIB and on the success of the three-week championship, Othman Tawfeqe, General Manager of the Retail Banking Department at KIB, said: 'We are extremely proud of the success of the third edition of KIB | The Stadium. This event not only highlighted Kuwait's remarkable equestrian talent but also reinforced the country's position as a premier destination for hosting and organizing international sporting events. We congratulate all the winners and participants on their outstanding performances.'As the title sponsor of the championship organized by Suffix, KIB partnered with leading experts and specialists in sports event management for KIB | The Stadium. A world-class equestrian arena was built along Marina Beach, providing a unique and innovative experience for the Kuwaiti community as well as the local and international teams competing in the added: 'KIB is dedicated to supporting and sponsoring sports events and activities, reinforcing the role of Kuwaiti banks—and the private sector as a whole—as strategic partners in the state's efforts to empower youth, nurture talent, and advance Kuwait's sports landscape. This commitment also strengthens Kuwait's position as a premier destination for hosting major international championships. Continuing this mission, the Bank remains committed to building a better future for the community, launching and sponsoring initiatives that enable individuals to achieve their ambitions, reflecting its main slogan, 'Bank for Life'.'Tawfeqe also expressed his gratitude to everyone who contributed to the success of the third season of KIB | The Stadium, highlighting how this year's events drew a large audience of equestrian enthusiasts and played a key role in promoting the sport across the region. He emphasized that this success reinforces KIB's commitment to supporting such initiatives, which align with the Bank's comprehensive social responsibility strategy and its ongoing efforts to strengthen community engagement and foster meaningful connections with all segments of his side, Chief Operations Officer of Suffix Ahmed Al-Majed said: 'The success of the third season of KIB | The Stadium is a testament to the growing enthusiasm for equestrian sports in Kuwait and the region. At Suffix, we take pride in organizing such prestigious competitions, and we remain committed to elevating the standard of equestrian events in the country. Congratulations to all the winners and participants for their outstanding performances.'The KIB | The Stadium championship attracted approximately 500 riders and 5,000 spectators, fostering an atmosphere of excitement, fierce competition, and true sportsmanship. Kuwaiti rider Yara Al-Hunaidi stole the spotlight by claiming first place in the Grand Prix of the FEI World Cup Jumping Qualifier, a CSI3-W* event. Ali Al-Khorafi secured second place, while Fawaz Al-Subaie finished third. The winners earned valuable points toward their World Cup qualification rankings. It is worth noting that sports play a vital role in KIB's comprehensive social responsibility program, which includes organizing and sponsoring various sports activities and events across Kuwait. The Bank remains dedicated to promoting a sports culture within the community while continuing to support young athletes who have achieved remarkable milestones and proudly represented Kuwait on the international stage.
