Kuwait Finance House (KFH) has celebrated its distinguished employees for the year 2023 under Qadha program in an honoring ceremony at Arraya Ballroom. The ceremony was attended by members of the Executive Management represented by the Acting Group CEO, Abdulwahab Iesa Al Rushood, and KFH Kuwait CEO, Khaled Yousef AlShamlan.

Qadha program is the first of its kind in the banking sector in Kuwait. Its selection process is based on precise criteria and global studies of performance evaluation, in addition to world-class professional aspects. The program covers all departments and is designed to reward employees for their distinctive hard work on monthly, quarterly, or annual bases.

Launched in 2021 as the umbrella of all other recognition initiatives, Qadha has recently received Brandon Hall’s Gold Medal in the “Best Advance in Employee Recognition Program” in the world.

In his speech, KFH Acting Group CEO, Abdulwahab Iesa Al Rushood lauded the dedication and continuous improvement of KFH talents throughout the year, which reflected positively on the performance and the exceptional results of KFH.

“Thanks to your commitment and outstanding efforts, KFH achieved exceptional financial results in 2023. KFH reported a record net profit of KD 584.5 million, an increase of 63.4% which is the highest-ever recorded in its journey and the history of the Kuwaiti banking sector,” Al Rushood added. He said: “Undoubtedly, the solid financial achievement increases our obligation to maintain this success and leadership.”

He noted that the distinguished efforts of KFH employees contributed primarily to enabling the Bank to maintain its course of success.

He added: “KFH is currently going through a transformational phase that is interpreted through various elements. These include your talents, growing financial indicators, increased market share and competitive capabilities. The merger with the AUB also adds a significant and positive outlook to the current phase, putting us all face to face with a historic opportunity to develop, grow and lead the Islamic finance industry in Kuwait and the world. I have full confidence that you truly deserve this recognition”.

KFH Kuwait Chief Executive Officer – Khaled Yousef AlShamlan

In the ceremony, KFH Kuwait Chief Executive Officer, Khaled Yousef AlShamlan, addressed Qadha honorees saying: “I deeply appreciate your remarkable dedication and ongoing contributions, which have played a pivotal role in our success. Your efforts have significantly boosted demand for our products and services, elevating our position, competitiveness, and leadership both in local and global markets.

“I am delighted to congratulate you on KFH’s historic 2023 financial results, which came with extraordinary increases in all key indicators, reflecting solid and balanced operational performance, integration of our departments, innovation and teamwork that distinguish our business and the performance of our employees.” said AlShamlan.

He added: "Following the KFH-AUB Kuwait merger and the commencement of a new phase aimed at maintaining growth, enhancing business operations, and improving operational efficiency, we anticipate your usual dedication in the coming period. As you have consistently been integral to the successes of KFH, we trust you will continue to embody the spirit of devotion and loyalty to this prestigious institution we all proudly belong to.”

In this respect, AlShamlan added, “As we honor our dedicated colleagues under Qadha program, I stress the importance of attending to our customers as a chief priority and the most important element of our strategy. I also encourage you to focus on service quality and cooperation to boost our growth and continue offering financing solutions to all segments and in various fields, ensuring that KFH maintains its position as the world’s leading Islamic financial institution.”

In his closing speech, AlShamlan invited employees to maintain their productivity, pursue self-improvement, uphold professionalism, and achieve work-life balance. He also encouraged them to consider their success as a steppingstone to further achievements.