Warba Bank and the Kuwait Economic Society (KES) signed a Memorandum of Understanding (MoU) to establish a one-year strategic partnership. The collaboration aims to support economic awareness and knowledge development through joint initiatives that combine banking expertise with academic research to serve the community.
The agreement aligns with Warba Bank’s corporate social responsibility (CSR) strategy to expand its partnerships with civil society organizations and support national talent development.
Under the MoU, Warba Bank will provide annual sponsorship for a range of KES activities, including seminars, conferences, training courses, and economic reports. The partnership focuses on promoting economic dialogue and exchanging expertise across various sectors.
The collaboration also includes the joint publication of periodic economic studies and reports, providing analytical insights to support researchers, decision-makers, and stakeholders in the economic sector.
The agreement outlines cooperation in organizing training programs and workshops, offering Warba Bank employees opportunities to participate in academic and economic activities organized by the society. This initiative aims to enhance professional development and expand employees' knowledge of the latest economic and investment trends.
Additionally, the partnership will utilize KES facilities to host joint events and educational sessions, expanding the reach and impact of these community programs.
Hamad Mosaed Al-Sayer, Chairman of Warba Bank, stated:
"This partnership reflects Warba Bank’s belief in the importance of investing in knowledge and research as essential pillars for sustainable development. Promoting economic awareness is a shared responsibility between the banking sector and civil society institutions, which is why we support high-quality educational content to develop national talent."
Abdulaziz Abdullah Al-Humaidhi, Chairman of the Kuwait Economic Society, commented:
"We are proud to establish this partnership with Warba Bank, a model national institution supporting community initiatives. This agreement will expand the scope of our programs, improve the quality of economic research, and launch new initiatives serving the wider business community."
Warba Bank is a leading Islamic bank in Kuwait with a strong focus on Sharia-compliant digital banking. With one of the largest shareholder bases in the country, the bank delivers innovative financial products and services, reinforcing its position as a digital-focused financial institution.