On Kuwaiti Women’s Day, the Kuwait Banking Association commends women’s pioneering role in the banking sector and affirms banks’ commitment to empowering and supporting them.
On the occasion of Kuwaiti Women’s Day, the Secretary-General of the Kuwait Banking Association, Prof. Yaqoub Al-Sayed Yousef Al-Rifaei, affirmed that Kuwaiti women have been and continue to be a fundamental element in the national development process.
He praised their pivotal role in supporting the national economy, particularly in the banking sector, which has witnessed a clear distinction among female cadres at various levels. This comes in implementation of the Central Bank of Kuwait’s directives to enhance women’s empowerment and presence in all banking sector units.
Al-Rifaei stated that our celebration of Kuwaiti Women’s Day is a celebration of their continuous contributions and tangible achievements, through which Kuwaiti women have proven their competence and worthiness in various positions. In the banking sector, in particular, Kuwaiti women stand out as active partners in institutional development and transformation.
Al-Rifaei added, “Kuwaiti banks have paid great attention to women’s empowerment by adopting advanced policies that promote equal opportunity and provide a flexible and stimulating work environment that supports a balance between professional and personal life. Banking institutions have also been keen to launch numerous initiatives that enhance women’s presence in leadership positions and provide them with opportunities for professional development and continuous training.”
Al-Rifaei explained that this institutional commitment is clearly reflected in official data, as the percentage of Kuwaiti women working in the banking sector reached 85% of the total number of women working in the sector. This percentage reached 86% in Kuwaiti banks, according to quarterly statistics issued by the Kuwait Banking Association at the end of March 2025.
This reflects confidence in women’s capabilities and their ability to contribute constructively to decision-making and shape the future of the financial sector in the country. The number of Kuwaiti women working in the banking sector reached 4,173 out of a total of 4,891 women working in the sector, while the number of Kuwaiti women working in Kuwaiti banks reached 4,083 out of a total of 4,776 women working in Kuwaiti banks by the end of March 2025.
Al-Rifaei concluded his statement by emphasizing that empowering women and enhancing their participation is an indispensable strategic option for achieving comprehensive development. We, at the Kuwait Banking Association, believe that investing in women is an investment in the nation’s renaissance, and we will continue to work side by side with Kuwaiti banks to ensure the continuity of this approach, in line with the goals of Kuwait Vision 2035.
