KBA Donates 5 Million Dollars in support of the Kingdom of Morocco

The Board of Directors of the Kuwait Banking Association stated that, in response to the Association’s responsibility to the humanitarian situation in the Kingdom of Morocco and in solidarity with the efforts made to alleviate the suffering of the Moroccan people as a result of the devastating earthquake that struck the country, and based on the directives of the Political Leadership, the Board of Directors of the Kuwait Banking Association decided A donation of 5 million US dollars, a contribution from the Kuwaiti Banks, to provide support to the Kingdom of Morocco in its recovery and reconstruction. This comes within the framework of the Association and Kuwaiti Banks’ keenness to continue their commitment to social responsibility towards issues with a humanitarian dimension.

The Board of Directors of the Kuwait Banking Association expressed their sincere condolences to the families of the victims, asking God Almighty to bestow His forgiveness upon them and to lift the calamity from the brotherly Moroccan people.

Sheikh Ahmad Duaij Jaber Al Sabah is the Chairman of Commercial Bank of Kuwait since April 1st 2018, after holding the position of Vice Chairman from 4/4/2015 to 31/3/2018 and Board Member from 29/4/2012 to 3/4/2015 In his capacity as Chairman of Commercial Bank of Kuwait , Sheikh Ahmed Duaij Al Sabah has been nominated as Chairman of Kuwait Banking Association . He is also a Board member in Kuwait Institute of Banking Studies. Furthermore, Sheikh Ahmed held the position of Board member in Kuwait Clearing Company representing Commercial Bank of Kuwait from 2018 until 2019. And the Chairman of Al Tijari Financial Brokerage Company from 2014 until 2020. During his tenure with Al Tijari Investment Company (CBK Capital) from 2010 to 2012 Sheikh Ahmed was Project Finance Manager , and Acting Portfolio Manager and Manager Private Equity, prior to that and specifically from 2005 to 2010 he worked with Commercial Bank of Kuwait in the Shareholders Service Unit. Sheikh Ahmed started his career after graduation with Kuwait Petroleum Corporation in the capacity of Corporate Planner. Sheikh Ahmed Duaij Jaber Al Sabah graduated with Master of Business Administration from Maastricht School of Management in March 2008 after obtaining his Bachelor degree in Science with a major in Finance from Bentley College – United States of America in May 2000 .