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Kuwait: Al Bahar Highlights AI as a Key Enabler Driving Banking Growth and Empowerment
31.10.2024The Future Investment Initiative (FII) held in Riyadh hosted a panel discussion on the rapidly evolving financial landscape, the crucial roles of traditional banks, AI, and FinTech in defining the future of the banking industry. Shaikha Al-Bahar, Deputy Group CEO of National Bank of Kuwait (NBK), participated in the panel discussion, offering her valuable insights.
The panel discussion themed “Can Traditional Banks Compete with AI and Fintech Disruptors?", included leading international figures from financial services and technology, explored the challenges and opportunities that AI, FinTech, and traditional banks face as they seek to coexist—or outcompete—in the digital age. In a world where financial technology is changing the rules of the game, Shaikha Al-Bahar provided brilliant insights into how NBK is not only keeping pace with these innovations but also leading the charge.
Redefining the Banking Landscape
"Fintech has been labeled a 'revolution' in banking, but the data tells a more nuanced story," Shaikha Al-Bahar opened the discussion. "Despite billions of dollars in investments, not a single FinTech company ranks among the top 250 global banks. The reality is that FinTech isn't a revolution that will replace traditional banking. Rather, it challenges us to evolve."
Al-Bahar pointed out that, contrary to popular belief, the banking industry's business model has proven remarkably resilient, withstanding multiple disruptions over the past decade. She emphasized that traditional banks, including NBK, are integrating new technologies to enhance rather than replace core banking functions.
"The progress we've seen from the digital era isn’t about FinTech replacing us," she continued. "It's about integrating digital innovations into a more comprehensive and inclusive business model. At NBK, our digital transformation allows us to build on the solid foundation of traditional banking while leveraging technology to enhance customer experiences."
Collaboration vs. Competition: Banks and FinTechs in the New Financial Ecosystem
The panel discussed whether traditional banks and FinTech companies are destined to compete or collaborate. Al-Bahar argued that the future of banking will be defined not by head-to-head competition, but by cooperation.
"Banks and FinTechs have historically competed for customers, but we are entering an era of collaboration," she remarked. "Traditional banks have the financial capacity, while FinTechs have agility and innovation. The key is finding the right balance between these strengths. It's not about one outdoing the other, but about leveraging each side’s advantages."
As a case in point, Al-Bahar referenced NBK’s own digital bank, Weyay. "We at NBK operate both our traditional bank and Weyay, a fully digital bank. Both operations complement each other and interact seamlessly, providing a unique, customer-centric journey. That is the real revolution in banking."
Navigating the Balance of AI within Banking Frameworks
As the panel discussion shifted to the role of AI, the conversation turned to the immense potential and risks associated with artificial intelligence in the financial industry. Banks have already invested billions in AI-powered systems for fraud detection and risk management, but concerns remain about whether AI might introduce new vulnerabilities into the system.
"AI is a great enabler—it allows banks to analyze vast amounts of data, recognize patterns, and simulate scenarios," Al-Bahar explained. "But while AI enhances our capabilities, we must ensure that it does not make us complacent. Human oversight is critical. Technology recommends, but humans must decide."
Al-Bahar highlighted the importance of transparency and accountability in AI systems, stressing that while AI can provide powerful insights, banks must ensure that these insights are based on real, verifiable data. She cautioned against an overreliance on AI, noting, "We cannot let AI be the sole decision-maker. It’s crucial to have a pilot behind the wheel, to monitor, review, and intervene when necessary."
Transforming Banking from the Inside
While much of the FinTech discussion focuses on customer-facing applications, Al-Bahar offered a compelling argument that the true potential of AI lies behind the scenes—in back-office operations, regulatory compliance, and capital allocation.
"At NBK, we’ve automated over 100 processes using Robotic Process Automation (RPA), and the results have been remarkable. AI and machine learning don’t just make processes more efficient; they redefine them, allowing us to be more responsive and dynamic."
She noted that AI could revolutionize risk management by continuously learning from new data points and adjusting risk profiles in real-time. This, she believes, is where AI’s most transformative impact will be felt in banking—areas where rule-based, data-driven tasks can be optimized for greater accuracy and speed.
The Balancing Act Between Regulation and Innovation
The panel also addressed the complex relationship between innovation and regulation. In a rapidly evolving industry, governments are struggling to keep pace with technological advancements. Al-Bahar argued that regulators are playing a crucial role in safeguarding the financial system while supporting innovation.
"Regulators have been quick to recognize the importance of digital technologies in banking," she said. "Many have created 'sandboxes'—safe environments for testing new FinTech solutions. However, I believe regulators' primary role should remain that of protectors of the financial system. Banking is highly regulated for good reason—its role in the global economy is critical, and any disruptions can have far-reaching consequences."
Embedded Finance: Will the Bank Brand Become Irrelevant?
Another intriguing topic was the rise of embedded finance—the integration of banking services into non-banking platforms. With more companies offering financial services through digital ecosystems, some have predicted that "bank as a brand" may become obsolete. Al-Bahar was quick to point out that traditional banks still have a vital role to play.
"This new model works well on a smaller scale—like payment wallets and transfers—but banks will remain the backbone of the financial system. Embedded finance is just another example of how the industry is evolving to meet changing customer demands. Banks will need to adapt by developing their own technologies or partnering with FinTechs to provide these services."
She also pointed out that some digital banks are reverting to traditional models, opening offline branches and offering human-based customer service to enhance growth—a sign that even FinTech leaders recognize the value of traditional banking services.
Leading the Change Through A Holistic Approach to Innovation
Finally, the panel addressed the leadership challenge facing traditional banks. Al-Bahar argued that to remain competitive in an era of rapid technological change, banks must go beyond simply investing in technology—they must transform their organizational culture.
"Industry leaders need to foster a culture of innovation that permeates the entire organization. It’s not just about adopting digital technologies, it’s about aligning every decision-making process with a digital mindset, from junior staff hires to strategic planning at the executive level."
Al-Bahar also emphasized NBK's leadership in digital transformation, expressing immense pride in the bank's accomplishments.
“Our journey towards integrating digital technologies while preserving the stability and trust of traditional banking is a testament to our commitment to providing the best for our customers," Al-Bahar noted.
Looking forward to 2030, Al-Bahar concluded with a bold prediction: "The CEOs who strike the right balance between traditional banking and Fintech agility will define the future of the industry. Success will depend on being able to adapt, innovate, and evolve—without losing sight of the core values that have made traditional banking such a pillar of the global economy."
Kuwait: NBK Signs Four Strategic Agreements Valued at $1.6 billion at the FII 8th Edition
30.10.2024National Bank of Kuwait (NBK) is proud to announce the signing of several landmark agreements on the sidelines of the prestigious 8th Edition of the Future Investment Initiative (FII), with a total value of SAR 6.2 billion (approximately $1.6 billion). These agreements underscore NBK’s commitment to playing a pivotal role in contributing to Saudi Arabia’s Vision 2030, as the bank continues to expand its presence across the Kingdom. By partnering with leading industry players, NBK strengthens its reputation as a trusted financial partner dedicated to supporting the Kingdom’s ambitious economic transformation and infrastructure development.
The signing ceremony was attended by Mrs. Shaikha Al-Bahar, Deputy Group CEO of National Bank of Kuwait, Mr. Zaid Isam Al-Sager, Deputy CEO - International Banking Group, Mr. Meshari Hamad Bin Salamah, Deputy General Manager, Head of International Corporate & Commercial Real Estate, International Banking Group at NBK, Mr. Anas AlUbaid, General Manager of NBK -KSA, and Mr. Qais Al-Ateeqi, Unit Head - MENA Corporate Banking at NBK.
These strategic partnerships, which span various sectors ranging across financial leasing, infrastructure development, and energy projects, highlight NBK’s proactive approach in driving sustainable growth and fostering key collaborations. With a deep understanding of Saudi Arabia's evolving economic landscape, NBK tailors its innovative financing solutions to align with the national agenda. The bank’s long-standing commitment to the region, combined with these high-impact agreements, not only reinforces NBK’s market position but also enhances its contribution to the Kingdom’s infrastructure development goals.
Strategic Partnerships
Among the agreements reached, NBK has signed a Framework Agreement with ACWA Power, valued at SAR 2.6 billion (approximately $690 million). This strategic partnership is designed to support ACWA Power’s ongoing expansion initiatives within Saudi Arabia and beyond. ACWA Power is the world’s largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition. The company operates in 13 countries across the Middle East, Africa, Central Asia, and Southeast Asia. NBK is committed to facilitating ACWA Power’s efforts to address the increasing energy and water resource demands of the MENA region, reinforcing its dedication to sustainable development and innovation in these critical sectors.
In addition, NBK has established a Credit Facility Agreement with AlGihaz Contracting Company valued at more than SAR 1.8 billion (approximately $480 million). This agreement aims to bolster AlGihaz’s working capital requirements as it continues to deliver critical infrastructure projects. Specifically, NBK is financing one of three contracts that Al-Gihaz is utilizing to support it with executing on the development of the world’s largest energy storage project in the Kingdom, with a capacity of up to 7.8GWh. With over 45 years of experience, AlGihaz is a specialized contracting company renowned for its engineering, design, and construction capabilities.
Furthermore, NBK signed a Credit Facility Agreement with the Pan-Kingdom Holding Group, including Saudi Pan-Kingdom Company (SAPAC) and Pan-Kingdom Real Estate (PKRE), amounting to over SAR 1 billion (approximately $267 million). This agreement is intended to support the group’s working capital and investment needs. With more than 30 years of experience, Pan-Kingdom Holding Group operates across various sectors, including construction, manufacturing, operation and maintenance (O&M), transportation, water, real estate development, investment, among other activities, thereby driving the Kingdom’s economic growth and advancing its strategic development goals.
Lastly, NBK signed a Credit Facility Agreement with Alyusr Leasing and Financing Company totaling SAR 750 million (approximately $200 million). This partnership aims to enhance Alyusr’s financing activities to meet the increasing demand in the Kingdom. Alyusr is a leading financing and leasing company licensed by the Saudi Central Bank, specializing in consumer and commercial financing.
Commitment to Strategic Development
NBK’s IBG has developed a strong presence in the region, with a team of over 300 seasoned corporate bankers across 11 countries. In Saudi Arabia, NBK has established a strong corporate banking footprint with over 30 corporate bankers, collaborating with some of the Kingdom’s largest and most reputable clients across both the government and private sectors.
As a key player in the financial landscape of the Kingdom, NBK is dedicated to facilitating economic growth and diversification in line with Vision 2030. The bank’s agreements with key local and international players underscore its commitment to supporting major infrastructure and energy projects that will shape the future of Saudi Arabia.
International Banking Group: A Pioneer in Global Expansion
National Bank of Kuwait's (NBK) International Banking Group (IBG) stands as a testament to the bank's commitment to serving its customers beyond local borders. Established as the first national bank in the GCC and one of the first regional banks to expand internationally, NBK initiated its international expansion in the early 1980s. This strategic move marked the beginning of a journey that has since seen the Group extend its reach to 13 countries across four continents, with coverage extending to 50 countries across the world.
NBK employs over 6,000 staff globally, reflecting its diverse operations across Asia, Europe, North America, and the Middle East. The Group's journey in Saudi Arabia commenced in 2006 with a single branch operation in Jeddah, which has since expanded to three branches in Jeddah, Riyadh, and Khobar.
IBG, which comprises overseas branches and subsidiaries, serves as a vital pillar of NBK Group's growth. The strength of this network is reinforced by the Group’s regional and international expertise, alongside a steadfast commitment to maintaining the highest banking standards. With a focus on enhancing customer experience, IBG is dedicated to generating substantial value for its clients.
The Group's international operations play a critical role in bolstering NBK Group's revenues. In the first half of 2024, these operations contributed 24% of the Group’s net operating income, 23% of profits, and an impressive 40% of total assets. These figures highlight the robustness of the Group's operational performance and underscore the success of its diversification strategy.
As NBK continues to expand its international footprint, IBG remains integral to its mission of providing exceptional financial services and innovative solutions to clients around the globe.
Through this strategic international approach, NBK is well-positioned to navigate the complexities of the global financial landscape while delivering unparalleled value to its customers.
Kuwait: Al Bahar: Reforms to Foster a Robust Economy with Increased Private Sector Participation in Line with Kuwait Vision 2035
30.10.2024Shaikha Al-Bahar, Group Deputy CEO of National Bank of Kuwait, conveyed optimism about the robust outlook for Kuwait’s economy and anticipated improvements in the business environment in the near term. She highlighted that a stable political climate is expected to positively influence decision-making, thereby accelerating government spending on infrastructure projects.
In an interview with Bloomberg TV on the sidelines of the Future Investment Initiative (FII) conference in Riyadh, which launched yesterday, Al-Bahar stated, "With the National Assembly dissolved, decision-making now rests solely with the government, streamlining the process. We see that the government is genuinely committed to advancing economic reforms and launching mega projects, particularly in infrastructure, which will positively impact Kuwait’s economy."
Al-Bahar highlighted the notable surge in project awards recently, noting that approximately $6 billion worth of projects have been awarded in 2024, with an additional $5 billion expected to be awarded in the near term. This activity opens up opportunities for both international and local companies, stimulates the lending environment, and drives overall market growth.
Al-Bahar emphasized that the reform trajectory is on the right track, paving the way for a real economy and significantly expanding opportunities for private sector contributions. These efforts align with Kuwait’s Vision 2035, which prioritizes private sector participation in driving economic development.
IPOs
Al-Bahar highlighted the momentum in Kuwait's IPO and listing market, stating, "We are now witnessing a framework for Public-Private Partnership (PPP) projects, with companies emerging from these collaborations moving towards initial public offerings and stock exchange listings. This approach will contribute to enhancing capital market activity."
"I believe that many family businesses will opt for listing, driven by their interest in establishing better governance and clearer strategic direction." Al-Bahar added, expressing optimism about increased activity in family business listings, given the positive climate in Kuwait.
Boubyan and Gulf Bank
Commenting on the ongoing merger discussions between Boubyan Bank and Gulf Bank, Al-Bahar stated, "As the largest shareholder in Boubyan Bank, NBK supports this initiative. However, our endorsement is contingent upon the merger providing added value for our shareholders. A final assessment of the transaction’s viability will follow the recently initiated due diligence process."
Al-Bahar also highlighted that NBK holds a unique position among Kuwaiti banks by offering both conventional and Islamic banking services, aiming to further expand its Islamic banking offerings through Boubyan Bank.
Navigating a Lower Rates Environment
Al-Bahar emphasized that while the downward trend in interest rates presents challenges for banks profitability, it also stimulates increased borrowing, particularly by large corporations amid expanding business activities. This uptick in borrowing could help to counterbalance the pressure on bank earnings created by the low-interest rate environment.
The Saudi Market
Al-Bahar highlighted NBK’s strategic interest in the Saudi market, emphasizing that NBK, as a global bank with a strong presence in diverse markets, is currently concentrating on the GCC region—particularly Saudi Arabia, which stands out as one of the most significant growth markets for NBK Group’s international operations.
She noted that NBK caters to a wide range of sectors within the Saudi economy, serving government-related entities, large corporations, and family-owned businesses. Additionally, the bank has established robust relationships with numerous clients across various sectors in the Kingdom.
Al-Bahar emphasized that NBK Group is actively pursuing the growth of its wealth management business in the Kingdom through NBK Wealth. The bank is also focused on expanding its offerings to clients by introducing a range of funds and other wealth management services.
Furthermore, she highlighted that NBK is actively engaged in this year's edition of the FII taking place in Riyadh, represented by a significant delegation. Throughout the conference, the delegation held numerous meetings and successfully concluded several financing agreements with prominent Saudi companies across various sectors, underscoring the bank's strong commitment to supporting Saudi Vision 2030.
Besides the Saudi market, NBK is also focused on the Egyptian market, which is one of the Group's key growth areas.
Geopolitical risks
On the topic of geopolitical risks and their implications for the economies of the GCC region, Al-Bahar remarked that these challenges are not unfamiliar to the area. She underscored that, despite the increasing tensions, the macroeconomic impacts have predominantly remained confined to the countries directly engaged in the conflict.
Al-Bahar highlighted that the circumstances for GCC countries are unique, as they consistently demonstrate resilience in navigating crises, particularly through government support provided to various economic sectors during challenging times.
She referenced the support provided by the Government of Kuwait during the COVID-19 crisis, which involved postponing and easing restrictions for banks and SMEs. She also highlighted the enactment of legislation to guarantee bank deposits during the global financial crisis of 2008.
Kuwait: Al Bahar: Inclusion and Gender Equality are the Cornerstones of Comprehensive and Sustainable Economic Growth
29.10.2024National Bank of Kuwait (NBK) Group took a leading role in advocating for women’s empowerment in the financial sector at the 8th edition of the Future Investment Initiative (FII), themed "Infinite Horizons: Investing Today, Shaping Tomorrow". Representing NBK Group, Ms.Shaikha Al-Bahar, Deputy Group CEO, and a longstanding champion of gender equality and women empowerment, engaged in a thought-provoking panel discussion in Riyadh, focusing on the critical importance of gender diversity and inclusion in driving sustainable economic growth.
Fostering Dialogue on Gender Diversity
The panel served as a vital platform to address the multifaceted challenges and opportunities surrounding women's empowerment in finance. It aimed to spark discussions on the significance of gender diversity, the role of inclusive practices in shaping economic sustainability, and innovative approaches necessary to dismantle barriers that have historically hindered women's advancement in the industry. Additionally, the discussion sought to convey a powerful message to future female leaders, drawing from the insights and experiences of leading champions in the field.
Reflecting on the historical context of gender bias in finance, Al-Bahar remarked, "We’ve all faced skepticism in a male-dominated field, but it's time we turn those doubts into opportunities." She acknowledged the significant barriers women have faced, citing various research work that revealed the gender gap still exists "We’ve come a long way, but the past still casts a long shadow," she emphasized, highlighting the ongoing need to dismantle these biases.
Navigating a Transforming Landscape
Transitioning from historical challenges, Al-Bahar addressed the evolving environment within the finance sector. "While challenges like pay inequity and lack of mentorship remain, we’re witnessing a transformation," she stated. "The finance sector is beginning to understand that diversity isn't just a nice-to-have; it's a business imperative." She highlighted initiatives like NBK RISE as exemplary models for fostering female leadership and creating pathways for women to excel in their careers.
This program is uniquely designed to drive community impact by advocating for increased representation of women in leadership roles, inviting external organizations to join in signing a pledge to elevate women into leadership positions within their institutions. "It’s about building bridges, not walls," she remarked, underlining the importance of collaborative support in achieving gender equity. Furthermore, NBK RISE promotes inclusivity by sponsoring participants from various backgrounds, enabling them to cultivate a diverse network of women equipped with the necessary skills for success in senior roles. Crafted by women who understand the distinct challenges faced at different career stages, the program ensures authenticity and relevance in addressing real issues. Additionally, creative communication strategies have been implemented to raise awareness about the gender gap, fostering a more supportive environment for women’s leadership in the finance sector.
The Impact of Women's Leadership
Al-Bahar underscored the pivotal role women play in enhancing firms' investment strategies. "When women lead, they bring unique perspectives that can drive innovation," she said, referencing studies indicating that mixed-gender investment teams outperform male-only teams by over 1.4% annually. “It’s not just about equity; it’s about performance,” she asserted, showcasing the tangible benefits of gender diversity in investment contexts.
Delving deeper, Al-Bahar discussed the advantages of female leadership in risk management. "Women often adopt a more conservative, long-term approach, prioritizing stability and sustainable growth," she noted, citing independent research showing that portfolios managed by women had a 20% lower turnover rate. "We’re not just managing risks; we’re crafting legacies," she emphasized, aligning this insight with NBK's commitment to ESG principles.
The panel also highlighted the significant economic impact of empowering women in the workforce. Al-Bahar pointed to surveys indicating that equal employment rates in the MENA region could lead to a 30% increase in GDP. "Investing in women isn’t just a social responsibility; it’s an economic strategy. Imagine the growth if we unleashed our collective potential!" she exclaimed, advocating for gender equity as a driver of economic progress.
Women as Trailblazers in High-Growth Sectors
Al-Bahar further underscored the vital contributions of women in high-growth sectors such as FinTech, healthcare, and clean energy. "Women aren’t just participants in the market; we’re trailblazers shaping the future," she asserted.
At organisations like NBK, women have taken the lead on projects focused on cross-border investments, effectively tapping into new markets and diversifying portfolios, aligning with global trends that see women leaders spearheading innovative and sustainable investment strategies.
NBK actively supports the inclusion of women in STEM fields, with approximately 27.8% of STEM-related roles held by women as of 2023. This dedication to gender diversity not only empowers women but also positions NBK as a regional leader in fostering an inclusive environment, paving the way for future female leaders in the industry.
The Democratizing Effect of FinTech
The discussion also touched on the democratizing effect of FinTech platforms like Robinhood and Coinbase in attracting women to finance. "These platforms have broken down barriers and made investing accessible for everyone, especially women," Al-Bahar stated. With 40% of new sign-ups on Robinhood being women, she remarked, "This is a seismic shift in how we engage with finance. We're turning the tide."
Examining Gender Diversity Through a Social Lens
Finally, Al-Bahar addressed the influence of government policies on gender diversity in finance. "While cultural norms can pose challenges, they also offer unique opportunities for tailored accessibility," she explained. She pointed to Saudi Arabia's Vision 2030 and Kuwait's "New Kuwait 2035" vision as examples of initiatives aimed at increasing female workforce participation. "Change is a process, but every step we take brings us closer to equality," she stated.
The panel concluded that the discussion at the Future Investment Initiative highlighted the critical importance of gender diversity, viewing it as more than just a moral obligation; it is essential for fostering sustainable economic growth. Al-Bahar aptly summarized, "In finance, as in life, diversity is the key to innovation and success. Together, we can reshape the future and create an inclusive landscape where everyone can thrive."
Driving Positive Change
As a frontrunner in the banking sector, NBK remains steadfast in its commitment to ESG principles, recognizing their integral role in fostering sustainable development. By prioritizing responsible banking practices and championing initiatives that empower communities and support environmental stewardship, NBK not only enhances its operational resilience but also contributes to the broader goal of creating a sustainable future. Al-Bahar’s leadership exemplifies this dedication, reinforcing the bank’s mission to drive positive change within the financial landscape and beyond.
Kuwait: NBK to Participate as a Strategic Partner in the Future Investment Initiative (FII) Conference in Riyadh
21.10.2024National Bank of Kuwait (NBK) is participating in the eighth edition of the Future Investment Initiative (FII 8th Edition) with a high-level delegation. The event will take place under the Royal Patronage of the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz Al-Saud, at the King Abdulaziz International Convention Center in Riyadh, from October 29 to 31.
NBK's role as a strategic partner in the conference aligns with this year's theme, "Infinite Horizons: Investing Today, Shaping Tomorrow." The focus of this edition is on developing new strategies to tackle global challenges, exploring Africa's role in the global economy, and developing women's leadership in both internal structures and practical investment initiatives.
The NBK delegation is headed by Ms. Shaikha Al-Bahar, Deputy Group CEO, and Mr. Zaid Al-Sager, Deputy Head of the International Banking Group, representing IBG. Joining them are Mr. Meshari Bin Salamah, Deputy General Manager and Head of International Corporate & Commercial Real Estate within the International Banking Group, as well as representatives from NBK’s international branches and subsidiaries. Additionally, Mr. Faisal Al Hamad, Chief Executive Officer of NBK Wealth, Mr. Malek Khalife, CEO - Global Private Banking &Switzerland, and Mr. Musaad Al-Sudairy, Board Member and CEO of NBK Wealth – Saudi Arabia, will be present, along with several senior executives from the bank.
During the conference, Deputy Group CEO Ms. Shaikha Al-Bahar will engage in several key panel discussions alongside senior bankers from around the globe. These discussions will focus on critical topics such as women's leadership in driving global economic growth, as well as competition with AI and FinTechs. Furthermore, Mr. Faisal Al-Hamad, Group Chief Wealth Officer at NBK, will participate in a panel dedicated to the financial industry’s role in prioritizing social impact.
The Bank's delegation will hold a series of bilateral meetings with senior international officials at its pavilion during the conference. Alongside these discussions, the delegation will sign several agreements. Additionally, the Bank will host a reception bringing together officials, investors, and senior bankers to explore the latest developments in the financial and banking sectors and to discuss potential opportunities for collaboration in finance and investment.
The conference is anticipated to draw over 5,000 attendees and feature 500 speakers covering a wide range of contemporary topics. With more than 200 sessions planned, discussions will focus on economic stability, equitable development, climate change mitigation, as well as artificial intelligence, innovation, health, and geopolitical issues.
Discussions at the conference will be data-driven, ensuring that insights are rooted in facts and actionable strategies. Through its annual gathering, the Future Investment Initiative Institute aims to foster dialogue on how investment can serve as a catalyst for a prosperous and sustainable future, expanding the possibilities for what can be achieved for humanity.
The 8th Edition of the FII 2024 Conference aims to transcend limitations and unlock boundless opportunities for advancement. Discussions will center on transforming investment into a catalyst for a prosperous and sustainable future, inspiring attendees to think beyond traditional boundaries and explore investment opportunities that bridge current gaps with future potential.
NBK has recently entered into a strategic partnership with the Future Investment Initiative (FII), a global non-profit organization committed to fostering growth and innovation in investment both regionally and internationally, aimed at creating a positive impact on humanity.
NBK is dedicated to actively participating in international forums to remain abreast of the latest developments in the global economy, international development, and the global financial system. This commitment reflects the bank's strategic focus on understanding and adapting to the evolving landscape of global finance and economic trends.