KUWAIT-FEBRUARY 2019: NBK Capital, one of the region’s leading investment firms, has signed a one-year partnership agreement with GCC Board Directors Institute. Mr. Faisal Al-Hamad, Chief Executive Officer represented NBK Capital and Mrs. Jane Valls, Executive Director represented GCC Board Directors Institute at the signing, with attendance of several senior officials from both organizations.
“NBK Capital gives considerable importance to corporate governance practices as a basis for its future development and performance and is committed to applying the rules issued by the Capital Markets Authority on corporate governance and the highest standards of professional competence in all its activities,” Al Hamad said in remarks made during the signing ceremony. “Partnering with GCC Board Directors Institute demonstrates our continued commitment to promoting the highest standards of corporate governance in the region and supporting the great work that the Institute does.”
NBK Capital adheres to world class standards of corporate governance practices and policies and focuses its client-centric strategy on sustainable growth that contributes to the development of the economy and the community.
“This type of partnership contributes to the development of GCC economies by improving the effectiveness of board members and enhancing their business abilities and level,” Al Hamad notes.
Al-Hamad concluded his remarks: “NBK Capital partners with institutions that support and develop values that align with our own: priority for client and stakeholder interest; innovation in products, services and work processes for greater efficiency and excellence in all that we do.”
“We are confident that sharing our expertise with the GCC Board Directors Institute will contribute to promoting best practices at the local and international levels. Enhancing our understanding of business, which is essential for engaging in successful economic activities,” Al Hamad concluded.
Founded in 2007, the GCC Board Directors Institute (GCC BDI) is a not-for-profit organization that guides board directors of organizations, from family-owned businesses to listed companies, to acquire the know-how and the tools to reach and sustain effective governance.
“We are pleased to join NBK Capital as a corporate partner, and we look forward to fruitful cooperation and a long-term relationship,” said Valls. “Now and more than ever, our boards of directors and governance practices are subject to investor and stakeholder analysis, and working with a world-class investment company like NBK Capital will support our efforts to promote the latest trends in corporate governance and best practices.”
About NBK Capital
NBK Capital, a leading investment company in the region, sets the standard in growth-focused innovative financial products and services. A world-class investment house, NBK Capital’s customer-centric approach provides forward-thinking solutions that address the specific investment needs of clients and investors, institutional customers and high-net-worth individuals.
NBK Capital leverages local and regional experience and expertise by combining the strengths, resources and global network of the National Bank of Kuwait SAK, one of the largest and oldest financial institutions in the region, with best-in-class investment structuring and execution, on a broad array of financial strategies to consistently deliver integrated value-added solutions.
Innovative products, objective research, creative thinking, timely implementation and excellence in service are the standards of quality of NBK Capital. Operating regionally from Kuwait, Dubai, Istanbul and Cairo, and with over 175 investment professionals, NBK Capital prides itself on a reach and scale that is global, a presence that is regional and a service level that always remains personal.
About GCC Board Directors Institute
Launched in 2007, the GCC Board Directors Institute (GCC BDI) is a not-for-profit organization that guides board directors of organizations, from family-owned businesses to listed companies, to acquire the know-how and the tools to reach and sustain effective governance.
GCC BDI was founded by four leading regional corporations – Investcorp, SABIC, Saudi Aramco and Emirates NBD – and it is supported by four advisory firms: Allen & Overy, Heidrick & Struggles, McKinsey & Company and PricewaterhouseCoopers, as well as regional regulatory authorities: the Emirates Security and Commodities Authority of the UAE, the Capital Market Authorities of both Saudi Arabia and Oman and the Central Bank of Bahrain.
GCC BDI now works with over 1200 Alumni members who benefit from a network of senior business leaders and a variety of workshops designed for board directors and senior executives. Notably, the Institute hosts an annual Chairman Summit that brings together regional leaders and actors to explore the evolving role and value of Boards as well as appropriate corporate governance standards.
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