Al Ahli Bank of Kuwait (ABK) recently appointed Ahmad Khalid Al-Duwaisan as the General Manager of Corporate Banking, effective from the 15th of October, 2023. This key decision, sanctioned by the Central Bank of Kuwait, marks a significant stride in ABK’s mission to fortify its leadership team and bolster its corporate banking operations.
Speaking on this development, Loai Muqames, CEO-Kuwait at ABK, expressed his enthusiasm, stating, “We are thrilled to welcome Ahmad Khalid Al-Duwaisan to ABK in his new role as General Manager of Corporate Banking. With his extensive experience, he is an exceptional addition to our robust leadership team. We are confident that under his guidance, ABK’s Corporate Banking division will continue to flourish.”
Al-Duwaisan, in turn, conveyed his appreciation for the opportunity, declaring, “I am honoured to join ABK and eagerly anticipate collaborating with the Bank’s skilled team to provide outstanding services to our esteemed customers, contributing to our collective growth and success.”
Drawing from over two decades of experience in corporate banking, Al-Duwaisan brings a wealth of expertise to his new position. Formerly serving as the General Manager of the Corporate Banking Group (CBG) at Gulf Bank, he effectively managed a portfolio of KD 4.2 billion funded and unfunded assets, alongside liabilities of KD 1 billion spanning various industries. He played a pivotal role in devising and implementing a customer-centric strategy through digitalization for the CBG.
Prior to his role at Gulf Bank, Al-Duwaisan held the position of Deputy General Manager and Head of Remedial and Structured Workouts, where he demonstrated exceptional leadership skills in managing a portfolio of delinquent assets worth KD 1.2 billion. He was instrumental in spearheading significant regional and domestic restructuring initiatives, showcasing his exceptional leadership abilities and skills.
Al-Duwaisan holds an Executive Masters of Business Administration from the American University of Beirut and a Bachelor of Science degree in Mechanical Engineering from Northeastern University in Boston, USA. He has also acquired a series of certificates from esteemed institutions such as Harvard University, underscoring his commitment to continuous learning and professional development.
This strategic appointment aligns seamlessly with ABK’s vision of nurturing national talent to drive long-term success. Leveraging his extensive knowledge and experience in corporate banking, Al-Duwaisan is poised to play a pivotal role in enhancing ABK’s competitive standing as a prominent player in the banking industry.
ABK’s Corporate Banking division assumes a pivotal role within the Bank, focusing on cultivating and nurturing relationships with corporations, delivering a comprehensive suite of tailored financial products and services. Playing a crucial role in spurring economic growth and development, Corporate Banking remains a fundamental pillar of the banking industry.
Established in 1967, ABK has emerged as one of the leading Kuwaiti banks in the region, offering an extensive range of personal, corporate, and private banking solutions. Additionally, through its subsidiary, ABK Capital, the Bank provides a diverse array of local, regional, and global investment services. ABK extends its comprehensive banking and financial services to the Egyptian market through ABK-Egypt’s extensive network of 44 branches. Furthermore, ABK maintains a robust presence in the United Arab Emirates, serving both Kuwaiti and Emirati clients through its branches in Dubai, Abu Dhabi, and the Dubai International Financial Centre (DIFC).
A staunch advocate of the Central Bank of Kuwait and the Kuwait Banking Association’s ‘Let’s Be Aware’ awareness campaign, ABK remains committed to promoting financial inclusion by educating Kuwaiti society on customer rights, responsibilities, various banking services, and special needs services. Additionally, ABK consistently offers strategic guidance on avoiding banking and financial fraud, understanding loan application requirements, accessing digital services, and more.
