The Secretary General of the Kuwait Banking Association, Prof. Dr. Yaqoub Al-Sayed Yousef Al-Rifai, announced that the Association held its regular general assembly meeting for 2025, alongside the Board of Directors Meeting No. (1/2025).
During the meeting, the Board nominated Hamad Abdul Mohsen Al-Marzouq, Chairman of Kuwait Finance House, as the new Chairman of the Association’s Board of Directors for the term 2025-2027. Al-Marzouq succeeds the former Chairman, Sheikh Ahmed Duaij Al-Sabah, whose term has now concluded.
In addition, Issam Jassim Al-Saqr, Vice Chairman and Group CEO of the National Bank of Kuwait, was also nominated as Vice Chairman of the Board of Directors of the Kuwait Banking Association for the upcoming three-year term, from 2025 to 2027.
The Board of Directors extended their gratitude and appreciation to Sheikh Ahmed Duaij Al-Sabah for his dedicated leadership and accomplishments during his tenure as Chairman over the past three years.
Furthermore, the Ordinary General Assembly of the Kuwait Banking Association approved the auditor’s report on the union’s balance sheet and final account for the fiscal year ending December 31, 2024. The Board of Directors’ report on the union’s activities for 2024 was also approved.
