In recognition of bank’s efforts in supporting private sector investments in GCC

KUWAIT: National Bank of Kuwait (NBK) National Bank of Kuwait was awarded “Top 10 GCC Businesses Award” by Sharjah Chamber of Commerce and Industry (SCCI). The award is in recognition of the bank’s efforts, vital role and positive contributions in promoting the private sector investments in the GCC.

NBK – UAE General Manager, Tareq Al-Mudhaf received the award at a ceremony held at the Sharjah Expo Center. The event was attended by a number of dignitaries and members of the diplomatic corps as well as directors of government institutions and private companies.

Launched in 2002, Sharjah Economic Excellence Network Award consists of seven different categories and is based on the model of the European Foundation for Quality Management (EFQM), a comprehensive management model employed by more than 30,000 establishments around the world. Participants are required to submit a comprehensive management framework to be nominated for the award.

The Top 10 GCC Businesses Award is open for the nomination of major private companies based on the number of employees. The award is offered to establishments with the most contributions to support GCC companies in recognition of their efforts to enhance corporate performance and promote business growth. Receiving such a prestigious award is a testimony to the successful implementation of NBK’s strategy aimed at diversifying its business, which extends to its product and service offering and its reach into existing geographies.

In line with NBK’s efforts to develop its regional corporate banking activities, especially within the GCC region, it has recently launched Al-Watani Wealth Management Company in Saudi Arabia, which is a key millstone to strengthen the bank’s leadership position in the region and deliver maximum added value to its customers through offering unique banking services and products.

NBK set up in the UAE by opening its first branch in Dubai in 2008 to capture Kuwaiti linkages and service Group relationships locally. The branch offers full commercial banking services across a broad spectrum of areas including trade, contractor, corporate, retail and treasury.