DOCSLIB.ORG

Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report Annual Report Commercial Bank of Kuwait His Highness His Highness Sheikh Sabah Al-Ahmad Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah Al-Jaber Al-Sabah The Amir of The State The Crown Prince of The State of Kuwait of Kuwait Table of Contents Board Of Directors 4 Introduction 6 Chairman’s Message 8 Executive Management 12 Economic Background 14 Review of Operations 17 Corporate Governance Rules and Systems 36 Financial Review 68 Financial Information 70 2 Annual Report 2018 Financial Trends Annual Report 2018 3 Board of Directors 4 Annual Report 2018 Sheikh. Ahmad Duaij Al Sabah Chairman Ms. Anoud Fadel Al Hathran Mr. Manaf M. AlMuhanna Mr. Abdulrahman Abdullah Al Ali Vice Chairman Member Member Dr. Arshid Abdulhadi Al Houri Mr. Bader Sulaiman Al Ahmad Mr. Musaed Nuri Al Saleh Member Member Member Ms. Rasha Y. H. Al Awadhi Sheikh/ Talal M. Al Sabah Mr. Hazem Meshari Al Khaled Member Member Member Ms.Mona Hussain Al-Abdulrazzaq Secretary to the Board Annual Report 2018 5 Introduction 6 Annual Report 2018 Introduction Al Tijari... My Choice Established in 1960, Commercial Bank of Kuwait, a renowned financial institution, is the second oldest bank in Kuwait. Since its inception in the sixties of the last century, the Bank strives to build strong business relationships with all its customer segments and to deliver innovative and tailor-made banking services & investment solutions that cater for the needs of its retail & corporate customers alike. With the digitalization of the banking services, the Bank was up to the mark with the high-technology and modernization of banking services for the sake of customers’ satisfaction. Apart from the Bank’s self-service branch network which copes with the latest developments seen in banking industry, Al-Tijari Online Banking & Mobile App offer customers top-notch & secured banking experience. As the Bank is an integral part of Kuwaiti society, its significant footprint & rich record of social responsibility initiatives towards all society segments has always been proven & manifested through comprehensive programs targeting sustainable development of Kuwaiti society. With its decades of experience and ambitious plans, the Bank will continue its efforts to make a major leap in banking industry by utilizing the latest technology to offer innovative banking services & solutions through a professional & highly skilled team members, without compromising on its commitment to the values established by the Bank's Senior Management, namely citizenship, leadership and corporate social responsibility. Annual Report 2018 7 Chairman's Message 8 Annual Report 2018 Chairman's Message Sheikh. Ahmad Duaij Al Sabah Chairman In the name of Allah the Most Gracious, the Most Merciful It is both an honour and a privilege to deliver my first statement as the Chairman of the Bank. Bank’s results in 2018 demonstrate the solid progress being made to advance our customer-focused growth strategy, digitalization drive, cleaning the loan portfolio, recovery of previously written off loans and building a quality balance sheet. Bank’s business plans continue to deliver sustainable results and value to shareholders. The Bank witnessed 15.0% increase in the net profit and the board recommended the highest ever dividend distribution in the last ten years (20% cash and 10% bonus). I am pleased to share with you that achieving the Zero non-performing loans level is a demonstration of our commitment to operate within our risk appetite and maintaining strong capital and liquidity positions. Overseeing the strategy One of the board’s most critical roles is to provide oversight on strategic direction. We provide guidance to management in order to focus on markets and segments where Commercial Bank is positioned to succeed. In order to anticipate and respond to a dynamic marketplace, we advise management on strategic plans, challenge assumptions, and assist in identifying and building pathways to sustainable growth, within the bank’s risk appetite. In 2018, we supported the Management Team while challenging appropriately in order to ensure that the Bank continues to fulfil its obligations to our customers, regulators and employees. Besides achieving these objectives, the board focused to create value for investors over the medium and longer term. A customer-first approach In banking, relationships matter more than ever. This helped shape our thinking about every interaction we have with our customers and how we manage and invest in our bank. In 2018 we continued focusing on our customers and innovating for the future. These priorities have enabled us to invest in our business with the goal of further enhancing our relationships with our customers. We have stayed close to our customers to understand what’s important to them and how we can best serve them. We continued to invest in our technology and digital platforms to meet the evolving needs of our customers. This includes our investments in online and mobile banking to deliver industry-leading functionality. We concentrated on improving the information security systems of the bank to protect our customers. New measures were introduced on our website to incorporate more effective security features. Mobile banking application was Annual Report 2018 9 enhanced significantly in 2018, offering a host of new features and allowing customers to conduct their banking transactions more easily and efficiently. Security and user functionality continue to be the primary focus as we enhance our online and mobile banking applications. Talent Management Talent management, including senior management succession planning, is vital to achieving the Bank’s strategic objectives over the long term. We take a comprehensive approach to pipeline development that includes early identification of key candidates and in-depth evaluation of the skills and expertise required for both the short and medium term. The Bank’s staff training and motivation programmes remained top priority during 2018. We Identified “High Performers” to unveil their leadership potential and accordingly provided them with targeted personal development training opportunities to grow their professional skills. As the banking industry continues to evolve, diversity of experiences, perspectives and backgrounds at all levels of management becomes a competitive advantage and the key to successful execution of the bank’s strategy. Robust risk management The board assesses management’s plans to ensure business opportunities are balanced with sound risk management priorities and an effective enterprise-wide framework. Board Risk Management Committee actively engages with management to assure that a strong risk culture is supported at all levels and that the bank’s risk management function is independent from the businesses. We also provide guidance on, and approve the bank’s risk appetite, and maintain open two-way lines of communications with regulators. Synopsis of 2018 Financials The results of our customer-first approach, talent development and robust risk management are reflected in the financial statements of the bank as we generated a net profit of KD 63.8 million in 2018 compared to KD 55.4 in 2017, a growth of 15.0%. These results have reflected positively on the performance ratios, where return on average equity reached 9.7% and the return on average assets reached 1.4%. The earnings per share are 35.4 fils (compared to 30.8 fils for the last year). Shareholders’ equity reached KD 729.0 million with a growth of 11.4%. Cost of funds was maintained at a reasonably low level. The cost/ 10 Annual Report 2018 income ratio is 29.7% for year-ending 31 December 2018, which is amongst the lowest in Kuwaiti banks. A concentrated effort to recover the previously written-off loans yielded results; KD 78.5 million were recovered during the current year. Looking at the future Since I took on the Chairmanship of Commercial Bank, I am very proud of how we have evolved our culture, re-focused on our customers and enhanced shareholder value. We are well positioned to deliver growth for our shareholders by executing our strategy to build a relationship-focused bank. I am incredibly proud of all the work our team is doing together to focus on our customers, delivering value to our shareholders, and strengthening our economic environment. We are committed to continue to provide effective and efficient services every single day to our valued customers, and we appreciate the trust our customers place in us. Last but not the least, thanks to all the regulatory authorities, especially the Central Bank of Kuwait for their constant support. SH.AHMAD DUAIJ AL SABAH Annual Report 2018 11 Executive Management 12 Annual Report 2018 Executive Management Elham Yousry Mahfouz Dr. Mohammad Abdul Hamid Chief Executive Officer Acting Legal Advisor to Chairman Acting GM – Legal Division Sahar Abdulaziz Al Rumaih Deputy CEO – Corporate Banking Division & Tamim Khaled Al Meaan International Banking Division GM- Compliance & Corporate Governance Division Hameed Ebrahim Salman Sadeq Jaafar Abdullah GM – Retail Banking Division GM-Human Resources Division Masud UI Hassan Khalid Sheikha. Nouf Salem Al-Ali Al-Sabah Chief Financial Officer – Financial GM- Corporate Communications Division Planning & Control Division Ahmad Mohammed Saif Al Deen Farahat Hussain Ali Al Aryan Chief Internal Auditor – Internal Audit Division GM- Treasury & Investment Division Bader Mohammed Mosleh Qamhiya Abhik Goswami Acting GM – ITD Chief Risk Officer – Risk Management Division Sheikh. Nawaf Ali Sabah
Load more

Recommended publications
  • Semantic Innovation and Change in Kuwaiti Arabic: a Study of the Polysemy of Verbs
    ` Semantic Innovation and Change in Kuwaiti Arabic: A Study of the Polysemy of Verbs Yousuf B. AlBader Thesis submitted to the University of Sheffield in fulfilment of the requirements for the degree of Doctor of Philosophy in the School of English Literature, Language and Linguistics April 2015 ABSTRACT This thesis is a socio-historical study of semantic innovation and change of a contemporary dialect spoken in north-eastern Arabia known as Kuwaiti Arabic. I analyse the structure of polysemy of verbs and their uses by native speakers in Kuwait City. I particularly report on qualitative and ethnographic analyses of four motion verbs: dašš ‘enter’, xalla ‘leave’, miša ‘walk’, and i a ‘run’, with the aim of establishing whether and to what extent linguistic and social factors condition and constrain the emergence and development of new senses. The overarching research question is: How do we account for the patterns of polysemy of verbs in Kuwaiti Arabic? Local social gatherings generate more evidence of semantic innovation and change with respect to the key verbs than other kinds of contexts. The results of the semantic analysis indicate that meaning is both contextually and collocationally bound and that a verb’s meaning is activated in different contexts. In order to uncover the more local social meanings of this change, I also report that the use of innovative or well-attested senses relates to the community of practice of the speakers. The qualitative and ethnographic analyses demonstrate a number of differences between friendship communities of practice and familial communities of practice. The groups of people in these communities of practice can be distinguished in terms of their habits of speech, which are conditioned by the situation of use.
    [Show full text]
  • Comparative Geomatic Analysis of Historic Development, Trends, And
    University of Arkansas, Fayetteville ScholarWorks@UARK Theses and Dissertations 5-2015 Comparative Geomatic Analysis of Historic Development, Trends, and Functions of Green Space in Kuwait City From 1982-2014 Yousif Abdullah University of Arkansas, Fayetteville Follow this and additional works at: http://scholarworks.uark.edu/etd Part of the Near and Middle Eastern Studies Commons, Physical and Environmental Geography Commons, and the Urban Studies and Planning Commons Recommended Citation Abdullah, Yousif, "Comparative Geomatic Analysis of Historic Development, Trends, and Functions of Green Space in Kuwait City From 1982-2014" (2015). Theses and Dissertations. 1116. http://scholarworks.uark.edu/etd/1116 This Thesis is brought to you for free and open access by ScholarWorks@UARK. It has been accepted for inclusion in Theses and Dissertations by an authorized administrator of ScholarWorks@UARK. For more information, please contact [email protected], [email protected]. Comparative Geomatic Analysis of Historic Development, Trends, and Functions Of Green Space in Kuwait City From 1982-2014. Comparative Geomatic Analysis of Historic Development, Trends, and Functions Of Green Space in Kuwait City From 1982-2014. A Thesis submitted in partial fulfillment Of the requirements for the Degree of Master of Art in Geography By Yousif Abdullah Kuwait University Bachelor of art in GIS/Geography, 2011 Kuwait University Master of art in Geography May 2015 University of Arkansas This thesis is approved for recommendation to the Graduate Council. ____________________________ Dr. Ralph K. Davis Chair ____________________________ ___________________________ Dr. Thomas R. Paradise Dr. Fiona M. Davidson Thesis Advisor Committee Member ____________________________ ___________________________ Dr. Mohamed Aly Dr. Carl Smith Committee Member Committee Member ABSTRACT This research assessed green space morphology in Kuwait City, explaining its evolution from 1982 to 2014, through the use of geo-informatics, including remote sensing, geographic information systems (GIS), and cartography.
    [Show full text]
  • Indicators of Urban Health in the Youth Population of Kuwait City and Jahra, Kuwait
    Indicators of urban health in the youth population of Kuwait City and Jahra, Kuwait Fayez Alzarban A thesis submitted to the University of Liverpool for the degree of Doctor of Philosophy (Public Health) at the Faculty of Health and Life Sciences March: 2018 Declaration No portion of the work in this thesis has been submitted in support of an application for any degree or qualification of the University of Liverpool or any other University or institute of learning. Signature Acknowledgements I would like to start by thanking my outstanding supervisors at the University of Liverpool: Dr. Daniel Pope and Dr. Debbi Stanistreet, for their constant support, dedication, and encouragement throughout my study period. I am also grateful for all the help I have received from my academic advisors allocated by the Postgraduate team: Prof. Dame Margaret Whitehead, Prof. Sally Sheard, Prof. David Taylor- Robinson, and Prof. Martin O’Flaherty, for all the advice and guidance they have given me. I would also like to thank Prof. Susan Higham for tremendous support at a very difficult period during my studies. In Kuwait, I would like to extend my thanks to Dr. Jafaar Dawood, the head of the Department of Public Health at the Ministry of Health (Kuwait), for his support in every step of this research in Kuwait. Without his exceptional efforts, this project would have not been possible. I would also like to thank the health inspectors at the Department of Health (Kuwait) for their generosity and dedication in conducting the survey with me: Basim Awkal, MS. Allimby, Ala’a Jaad, Saleh Mohammed, Michelle Asaad, Sarah Alazmi, and Hesa Alali.
    [Show full text]
  • Of Visa Trade Victims in Time of Pandemic Sold out
    ARAB TIMES, WEDNESDAY, APRIL 21, 2021 3 Weather Expected weather for the next with light to moderate north west- Bubyan - - Prayer Timings 24 hours: erly wind to light variable wind Jahra 40 23 Fajr ........ 03:53 Asr .......... 15:22 By Day: Hot and partly cloudy with speeds of 06-24 km/h. Salmiyah 35 28 Sunrise .. 05:16 Maghrib .. 18:17 with light variable wind to light Station Max Exp Min Rec Ahmadi 37 27 Zohr ....... 11:48 Isha ........19:38 to moderate north westerly wind Kuwait City 38 28 Nuwaisib 41 21 with speeds of 08-30 km/h. Kuwait Airport 39 21 Wafra 40 20 By Night: Fair and partly cloudy Abdaly 40 21 Salmy 39 21 VACCINE REGISTRATION WEBSITE: https://cov19vaccine.moh.gov.kw/SPCMS/CVD_19_Vaccine_Registration.aspx KFH rallies 7 fils, Humansoft Holding retreats Kuwait’s All Shares Index breaches 6,000 mark, volume soars By John Mathews fi ls. National Investment Co rose 4 fi ls to 189 fi ls ing in some of the heavyweights and mid-caps fi ls and International Financial Advisors re- and KIPCO paced 3 fi ls with a volume of 5.6 and closed with hefty gains. treated 3 fi ls. Coast Investment ticked 1.6 fi ls ▼ UUS$/KDS$/KD 00.30105/15.30105/15 Arab Times Staff million to end at 165 fi ls. Tamdeen Investment Top gainer of the day, Kuwait Reinsurance up and KMEFIC climbed 5 fi ls to 144 fi ls. KUWAIT CITY, April 20: Kuwait stocks climbed 8 fi ls to 224 fi ls and Kuwait Reinsurance Co spiked 9.84 percent to 424 fi ls and Mubarrad First Investment gave up 2.1 fi ls after trading ▲ Euro/KD 0.3634 breached the 6,000 pts benchmark on Tues- Co soared 38 fi ls with thin trading.
    [Show full text]
  • A Forensic Study of Unnatural Deaths in Kuwait: Epidemiological, Virtual Autopsy and DNA Investigations
    A Forensic Study of Unnatural Deaths in Kuwait: Epidemiological, Virtual Autopsy and DNA Investigations by Nadiah Mohammad Al-Kandari A thesis submitted in partial fulfilment for the requirements for the degree of Doctor of Philosophy at the University of Central Lancashire September 2012 Declaration I declare that while registered as a candidate for the degree for which this submission is made that I have not been a registered candidate for another award by any other awarding body. No material contained in this thesis has been used in any other submission for an academic ward. Signature……………………………………………… Type of Award: (PhD) School: School of Forensic and Investigative Sciences Nadiah AL-Kandari ii Abstract Forensic science is growing rapidly in the world today. During the past decade, medico-legal investigations have been highly expanded to include all areas of forensic science. The present study investigated three important aspects of forensic biology. First, this present project investigated, a total number of 5,703 reported medico-legal cases diagnosed as un-natural deaths by The Forensic Department in Kuwait, during the year 2003-2009. The results show that accidental, homicidal and suicidal deaths accounted for 86%, 8% and 6%, respectively. The results showed that most people who died of unnatural deaths were more predominant in the age group 20-29 years (third decade). Road Traffic Accidents accounted for 65% of accidental deaths, and 4% out of them were related to alcohol consumption. The results also illustrated that the highest rate of homicide in Kuwait was due to stab wound injuries (38%) compared to the lower rate of homicidal pattern for infanticides (3%).
    [Show full text]
  • Wellbeing Matters in Kuwait: the Alnowair's Bareec Education Initiative
    Wellbeing Matters in Kuwait: The Alnowair’s Bareec Education Initiative L. Lambert, H.-A. Passmore, N. Scull, I. Al Sabah & R. Hussain Social Indicators Research An International and Interdisciplinary Journal for Quality-of-Life Measurement ISSN 0303-8300 Volume 143 Number 2 Soc Indic Res (2019) 143:741-763 DOI 10.1007/s11205-018-1987-z 1 23 Your article is protected by copyright and all rights are held exclusively by Springer Nature B.V.. This e-offprint is for personal use only and shall not be self-archived in electronic repositories. If you wish to self-archive your article, please use the accepted manuscript version for posting on your own website. You may further deposit the accepted manuscript version in any repository, provided it is only made publicly available 12 months after official publication or later and provided acknowledgement is given to the original source of publication and a link is inserted to the published article on Springer's website. The link must be accompanied by the following text: "The final publication is available at link.springer.com”. 1 23 Author's personal copy Social Indicators Research (2019) 143:741–763 https://doi.org/10.1007/s11205-018-1987-z Wellbeing Matters in Kuwait: The Alnowair’s Bareec Education Initiative L. Lambert1 · H.‑A. Passmore3 · N. Scull4 · I. Al Sabah2 · R. Hussain5 Accepted: 20 August 2018 / Published online: 25 August 2018 © Springer Nature B.V. 2018 Abstract Wellbeing is predictive of improved learning outcomes, better mental health, prosocial and civic behavior, higher work productivity, and enhanced life satisfaction. Given that litera- ture in support of wellbeing is robust, it is incumbent on local communities to put this research into practice and develop culturally-competent programs that promote the skills to increase it.
    [Show full text]
  • ANNUAL REPORT Commercial Bank of Kuwait
    ANNUAL REPORT Commercial Bank of Kuwait His Highness Sheikh His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah Nawaf Al-Ahmad Al-Jaber Al-Sabah Amir of the State of Kuwait Crown Prince Annual Report 2017 1 Table of Contents Board Of Directors 4 Introduction 6 Chairman’s Message 8 Executive Management 12 Economic Background 14 Review of Operations 17 Corporate Governance Rules and Systems 36 Financial Review 65 Financial Information 67 Branch Network 153 2 Annual Report 2017 Financial Trends 55,432 50,401 1.30 46,185 1.23 1.21 49,122 1.12 0.00 0.62 23,534 2017 2016 2015 2014 2013 2017 2016 2015 2014 2013 Return on Average Assets % Net Profit Attributable to Shareholders of the Bank KD 000's 34.9 9.20 33.9 9.09 8.86 8.52 30.8 30.9 4.26 16.7 2017 2016 2015 2014 2013 2017 2016 2015 2014 2013 Earning Per Share Attributable to Return on Shareholders' Equity Shareholders of the Parent Bank (Average) % Fils Per Share 624,757 4,394,586 580,749 4,125,289 4,212,763 4,037,351 557,418 552,960 3,929,472 527,293 2017 2016 2015 2014 2013 2017 2016 2015 2014 2013 Equity Attributable to Shareholders Total Assets of the Bank KD 000's KD 000's Annual Report 2017 3 Board of Directors 4 Annual Report 2017 Mr. Ali Mousa M. Al-Mousa Chairman Sheikh. Ahmad Duaij Al Sabah Mr. Abdulrazzak A. Al Kandari Mr. Abdulrahman Abdullah Al Ali Vice Chairman Member Member Dr.
    [Show full text]
  • English October 13
    ALSHALL Weekly Economic Report Volume 29 – Issue 41 – 13th October 2019 1Local Real Estate Foreigners’2 Trading3 Features Comparative4 The5 Weekly Market Holdings in the at Boursa Kuwait Performance of Performance of September 2019 Kuwaiti Banking September 2019 Selected Stock Boursa Kuwait Markets Sector September 2019 Prepared by Economic Research Unit I ALSHALL Consulting Co. I Tel: + 965 22451535 I Fax: +965 22422619 1 Local Real Estate Market September 2019 The latest released data by the Ministry of Justice -Real Value of investment housing activity scored KD 103.1 Estate Registration and Authentications Department- million, higher by 90.1% from KD 54.2 million in August (after excluding the crafts activity and the coastal strip 2019. Its contribution to total liquidity decreased to 31.4% system) indicate a great increase in real estate market versus 37.6% in August 2019. Monthly trading average liquidity during September 2019 versus August 2019 value of investment housing activity during 12 months liquidity. Total value of contracts and agencies traded scored KD 118.8 million. This means that trading value during September scored KD 328.9 million which was a during September 2019 was lower by -13.2% compared 127.8% increase than its counterpart value in August 2019 with the last 12 months' average. Moreover, its deals which was at KD 144.4 million, also higher by 55.8% increased to 127 deals compared with 67 deals in August when compared with September 2018 liquidity that 2019. Therefore, the average value per deal for investment totalled KD 211.1 million. housing scored KD 812 thousand versus KD 810 thousand in August 2019, representing an increase by 0.3%.
    [Show full text]
  • Road Safety Modeling in Kuwait
    Proceedings of the International Conference on Industrial Engineering and Operations Management Toronto, Canada, October 23-25, 2019 Road Safety Modeling in Kuwait Sharaf AlKheder, Fahad AlRukaibi, Ahmad Aiash Civil Engineering Department, College of Engineering and Petroleum, Kuwait University, P.O. Box-5969, 13060, Safat, Kuwait. [email protected], [email protected], [email protected] Abstract Location and time-period can highly be correlated with traffic accidents types. In this study, 287983 traffic accidents that happened in 2013, 2014, 2016, and 2017 were collected from General Traffic Department of Kuwait. The collected traffic accidents occurred in four- governorates that included Kuwait-City, Hawally, Al Farwaniya, and Al Ahmadi as those governorates had the highest rate of traffic accidents. The types of traffic accidents that were included in the collected data were crashes, run-over, and rollover accidents. Afterward, the location and the year where and when the accident occurred were chosen to be the independent variable and the dependent variable was the type of accident. Then, a multinomial logit regression model was applied to identify the significant independent variable and the correlations between predictors and the dependent variable. The results showed that both location and time were significant variables that influence the occurring of certain types of accidents. According to the model results, rollover accidents had higher odds of happening in Al Ahmadi governorate. While for the time-period, 2017 was found to have a higher probability of run-over accidents occurring. Keywords Traffic accidents, multinomial logit model, location, time-period, Kuwait 1. Introduction Traffic accidents are one of the highest reason for causing death around the globe.
    [Show full text]
  • Prevalence of Lead Toxicity in Adolescents in Kuwait
    Prevalence of Lead Toxicity in Adolescents in Kuwait Reem Jallad Kuwait University College of Life Sciences Muddanna Rao Kuwait University Faculty of Medicine Abdur Rahman ( [email protected] ) College of Life Sciences, Kuwait University https://orcid.org/0000-0002-5115-3053 Research Keywords: Lead toxicity, Adolescents, Kuwait, Prevalence, Cross-sectional Posted Date: October 29th, 2020 DOI: https://doi.org/10.21203/rs.3.rs-97678/v1 License: This work is licensed under a Creative Commons Attribution 4.0 International License. Read Full License Page 1/11 Abstract Background: Environmental lead (Pb) exposure is a public health problem in many developing and industrialized countries. Being a petrochemical industry- based economy, Pb levels are expected to be high in Kuwait but systematic data on population exposure are lacking. This study aimed at determining the prevalence of Pb toxicity in adolescents in Kuwait. Methods: Adolescents (N=1385; age range 11-16 years) were cross-sectionally selected from public middle schools from all Governorates of Kuwait, utilizing multi-stage cluster random sampling. Pb in whole blood was analyzed by inductively coupled plasma mass spectrometry. Pb levels among Governorates and genders were compared by median test and the prevalence of Pb levels above the CDC cutoff (≥5 µg/dL) was estimated by x2 test. Multiple logistic regression was used for association between prevalence of high Pb levels and Governorate. Results: Median (IQR) Pb was 5.1(3.6 – 7.1) µg/dL [4.9 (3.8 6.5) µg/dL in males and 5.4 (3.3-7.6) µg/dL in females; p=0.001].
    [Show full text]
  • Commercial Bank of Kuwait a Leading Company in the Corporate Social Responsibility
    Commercial Bank of Kuwait a leading Company in the Corporate Social Responsibility Corporate Social Responsibility 2016 His Highness Sheikh His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah Nawaf Al-Ahmad Al-Jaber Al-Sabah Amir of the State of Kuwait Crown Prince Sheikha / Nouf Salem Al Ali Al Sabah Head of Advertising & Public Relations Department Corporate Social Responsibility 2016 Commercial Bank of Kuwait Corporate Social Responsibility … Significant Footprint Underpinned by Innovative Social Responsibility Programs and Activities I have the pleasure to present the Corporate Social Responsibility Booklet for 2016 which shed light on the important achievements and initiatives the Bank has taken during the year and which illustrate its leading role in corporate social responsibility. The year 2016 was an eventful year for the Bank at the level of corporate social responsibility where the Bank received the prestigious GCC-CSR Award which stands as a clear manifestation of the leading role of the Bank in supporting social activities. Throughout year 2016, the Bank continued its efforts for supporting social, philanthropic and humanitarian activities with a view to achieve sustainable development for Kuwait. This was proven through the Bank’s cooperation with the six governorates of Kuwait by providing all support and sponsorship to philanthropic, social, sporting and educational activities and events organized by civil society organizations and non-profit institutions. This cooperation comes as a new gesture that would be added to the Bank’s rich record of the social initiatives which accentuate and highlight the concept of comprehensive social responsibility. Within its social responsibility activities which aim at achieving sustainable development for the society and enhancing communication with all society segments, the Bank continued its diverse activities to provide support and assistance to the different segments of the society, particularly the patients and the physically challenged segment.
    [Show full text]
  • Kuwait Voluntary National Review 2019
    KUWAIT VOLUNTARY NATIONAL REVIEW 2019 Report on the Implementation of the 2030 Agenda to the UN High-Level Political Forum on Sustainable Development KUWAIT Voluntary National Review 2019 Report on the Implementation of the 2030 Agenda to the UN High-Level Political Forum on Sustainable Development CONTENTS List of Figures 1 SDG 1 – No Poverty 29 List of Tables 2 SDG 2 - Zero Hunger 33 List of Acronyms 3 SDG 3 – Good Health and Well-being 35 SDG 4 – Quality Education 38 Messages and Statements 4 SDG 5 - Gender Equality 41 Substantive Summary 11 SDG 6 - Clean Water and Sanitation 44 Introduction 16 SDG 7 – Affordable and Clean Energy 46 Kuwait Vision 2035 17 SDG 8 – Decent Work and Economic Growth 52 Kuwait National Development Plan 19 SDG 9 – Industry, Innovation and Infrastructure 58 Aligning Kuwait Vision 2035 and Kuwait 20 SDG 10 – Reduced Inequalities 61 National Development Plan with the SDG 11 – Sustainable Cities and Communities Sustainable Development Goals 67 The Institutional Framework 22 SDG 12 – Responsible Consumption and 70 Production The Consultative Process in Preparation for 25 SDG 13 – Climate Action Kuwait’s VNR 73 Status and Progress of the SDGs Goals and 26 SDG 14 – Life Below Water 78 Targets SDG 15 – Life on Land 82 SDG 16 – Peace, Justice and Strong Institutions 86 SDG 17 - Partnership for the Goals 91 Concluding Remarks 99 Annexes 100 References 111 FIGURES Figure 01 Nationalities Residing in the State of Kuwait Figure 26 GDP per Capita (in Dollars) Figure 02 The Five Quinquennial Plans of Kuwait Vision 2035 Figure
    [Show full text]