GIC… 50 years of success

KIPCOLifeThe magazine of the Kuwait Projects Company (Holding) Is

sue

39: O

ctob

er 2

012


sue

40: J

anua

ry 2

013

GIC…50 years of success

Contents

2 GIC celebrates its Golden Jubilee

8 KIPCO signs MoU with ORIX

16 KIPCO participates in NUKS-USA Conference

19 KIPCO Family Day attracts largest crowd yet!

31 PKC celebrates Diwali

33 URC partners with Kuwait Fund on internship program

36 Al Sharrad: Emphasis on talent recruitment

39 Behind the scenes at Cake & Bake

Head Office: Kuwait Projects Company (Holding)P.O. Box 23982 Safat 13100 Kuwaitwww.kipco.com

For inquiries please call (+965) 1 805 885 ext. 3416 or email [email protected]

The magazine of the Kuwait Projects Company (Holding) Issu

e 39

: Oct

ober

201

2


sue

40: J

anua

ry 2

013

GIC…50 years of success

KIPCO NEWS

2

GIC celebrates its Golden Jubilee

Mr Farqad Al Sane presents a commemorative plaque to HH the Crown Prince to mark the occasion

KIPCO NEWS

3

50 Years of SuccessRepresenting HH the Amir Sheikh Sabah Al Ahmad Al Jaber Al Sabah, HH the Crown Prince Sheikh Nawaf Al Ahmad Al Jaber Al Sabah attended the Golden Jubilee Celebration of Gulf Insurance Company. The event was held at Sheikha Salwa Al Sabah Hall, Marina Hotel. HH Sheikh Nawaf was greeted upon arrival by GIC’s Chairman Mr Farqad Al Sane, Vice Chairman Mr Faisal Al Ayyar, MD & CEO Mr Khaled Al Hasan and Board Members.

The ceremony was attended by former Parliament Speaker Mr Jassem Al Kharafi, members of the ruling family, Deputy Chief of the National Guard Sheikh Meshaal Al Ahmad Al Jaber Al Sabah, HH Sheikh Nasser Al Mohammad Al Ahmad Al Sabah, HH the Prime Minister Sheikh Jaber Al Mubarak Al Hamad Al Sabah, Deputy Minister of Amiri Diwan Affairs Sheikh Ali Al Jarrah Al Sabah and senior officials.

Addressing the audience, Mr Al Sane said, “On behalf of GIC, I express sincere appreciation to Your Highness for gracing us with your presence despite your great responsibilities. This reflects your interest and support of the Kuwaiti private sector, without which private Kuwaiti institutions would not have achieved local and regional success.”

He added, “It is our pleasure to be celebrating GIC’s Golden Jubilee alongside the 50th anniversary of the adoption of the Constitution of the State of Kuwait. We are also launching our new identity, uniting our regional companies for the first

time under one brand, which we believe reflects our journey of success from small beginnings to becoming one of the region’s biggest insurance companies.”

Mr Al Sane explained that GIC has gone from being a single-office company in 1962 to having more than 70 offices in nine Arab countries today, and from having seven employees to more than 1700. With less than 100 clients 50 years ago, the regional company has grown to have around half a million. “All of this was achieved by taking calculated risks and employing rational, highly-skilled management that has made us a competitor at the local and regional levels.”

HH the Crown Prince and top state officials attend the ceremony

Mr Farqad Al Sane speaking at the ceremony

KIPCO NEWS

4

HH the Crown Prince (center) bestows an award on former GIC Chairman, the late Mr Fahad Sultan Al Essa. His award was accepted by his son Salah (left).

HH the Crown Prince (center) hands an award to Mr Khalil Al Shami (left), former GIC Chairman

HH the Crown Prince (center) hands an award to Mr Bader Sultan bin Essa (left), former GIC Chairman

RecognitionThe ceremony included a screening of a documentary tracing the company’s beginnings and accomplishments to date. HH the Crown Prince also presented tokens of appreciation to former company chairmen, and the Chairman and CEO of Fairfax Financial Holdings, GIC’s joint shareholder.

KIPCO NEWS

5

HH the Crown Prince (center) hands an award to Mr Faisal Al Ayyar (left), KIPCO Vice Chairman and former GIC Chairman

HH the Crown Prince (center) bestows an award on Mr Sulaiman Al Dalali, former GIC Chairman, who was unable to attend. His award was accepted by his son Hamad (left).

HH the Crown Prince (center) hands an award to Mr Prem Watsa (left), Chairman and CEO of Fairfax Financial Holdings Ltd.

KIPCO NEWS

6

VIP Gala DinnerAn evening gala dinner was also held for GIC’s VIP shareholders and clients. Speaking at the event, Mr Al Hasan said, “GIC has been part of Kuwait and part of its people’s lives for 50 years, witnessing the good times and bad times of our nation. We’ve been fortunate to be a successful company over the past 50 years, and would sincerely like to thank our dedicated clients and employees for putting their trust in GIC; we couldn’t have done this without you.”

Major shareholders and clients were presented with tokens of appreciation to mark the occasion by Mr Al Sane and Mr Al Hasan. The guests also enjoyed three types of entertainment; Kuwait’s Bin Hussein Folklore Troupe, the Oriental Symphony Orchestra Band and the Amadeus Violin Quartet.

Burgan Bank, represented by its Chairman Mr Majed Al Ajeel (second from right), receives a token of appreciation

Khaled Al Hasan speaking at the VIP Gala Dinner

Mr Mohammed Jassem Al Wazzan (center), representing Mezzan Holding Company, receives a token of appreciation

Representatives of Abdul Aziz Saoud Al Babtain & Sons Co. (second and third from left) receive a token of appreciation

KIPCO NEWS

7

KIPCO and Fairfax executives following a round of golf at the Kuwait Sahara Resort

GIC MD & CEO Mr Khaled Al Hasan (left) and Corporate Communications & IR Manager Mr Khalid Al Sanousi speaking at the new brand launch press conference

New IdentityGIC’s 50th anniversary was also the ideal time to launch the company’s new corporate identity. The brand brings GIC’s network of insurance companies in nine countries together under the Gulf Insurance Group (GIG). The new brand reflects the values, passion, effort and dedication of people working as part of GIG.

A Golden Golf DayThe delegation of Fairfax Financial Holdings Ltd., GIC’s joint shareholder, were in Kuwait to take part in the company’s Jubilee Celebrations. On the sidelines of the event, KIPCO and

Fairfax held a meeting of top executives at the Kuwait Sahara Resort. This came after a round of golf and was followed by lunch.

KIPCO NEWS

8

KIPCO has signed a Memorandum of Understanding (MoU) with the ORIX Corporation – the biggest non-bank financial services group in Japan.

The two companies intend to establish a strategic alliance for the development of leasing and financial services in the MENA region. The MoU between KIPCO and ORIX also includes an intention to carry out a feasibility study to explore the formation of a leasing company in Algeria.

Representatives from both companies signed the MoU at an official ceremony in Kuwait. They said the synergies between KIPCO and ORIX will allow them to combine their expertise and experience in an expansion of their operations within the MENA region.

Speaking at the event, KIPCO’s Vice

KIPCO signs MoU with ORIX Corporation

KIPCO has announced a net profit of KD 23.7 million (US$ 84.3 million), or 18.27 fils (6.5 cents) per share for the first nine months of 2012 - an increase of 0.4% on the KD 23.6 million (US$ 85.7 million) profit, or 19.02 fils (6.9 cents) per share,

KIPCO announces KD 23.7 mln profit for Q3

Mr Tariq Abdulsalam

Senior executives of the KIPCO Group with ORIX representatives

Chairman, Mr Faisal Al Ayyar said, “ORIX is one of the world’s biggest financial services companies and we are very pleased they have agreed to explore business opportunities with KIPCO. Their expertise, combined with our knowledge of the MENA region, will allow us to assess the potential of the leasing model in some of our key markets. Our intention to study the viability of a leasing company in Algeria is based upon our positive experiences there. Algeria has a business-friendly environment and huge potential for this type of business. I am delighted to welcome Mr Miyauchi and his team to Kuwait and sign this MoU between our two companies.”

ORIX Corporation’s Chairman and Chief Executive Officer, Mr Yoshihiko Miyauchi said, “I am very happy to visit Kuwait and to have entered into a partnership with KIPCO. KIPCO and ORIX share

the same business philosophy and objectives and we have today laid the foundation for a long and mutually beneficial relationship. For ORIX, the MENA region is an important market and we hope to expand strongly here in collaboration with KIPCO. Throughout the world, leasing has played an important role in establishing industrial infrastructure and job creation through the development of small and medium-sized businesses. However, in the MENA region the penetration of the leasing concept is still low. We believe through our venture with KIPCO, we will not only establish successful businesses, but will also contribute to the economies of the countries we will operate in.”

It was also announced that KAMCO is acting as the strategic business advisor to KIPCO and ORIX on the Algerian feasibility study.

reported in the same period last year.

KIPCO’s third quarter profit (for the three months ended September 30, 2012) of KD 6.6 million (US$ 23.5 million) was a decrease of 7% on the KD 7.1 million (US$ 25.8 million) profit achieved in the third quarter of 2011.

KIPCO’s total revenues for the first nine months of 2012 increased by 22% to KD 323 million (US$ 1.15 billion) compared to the KD 265 million (US$ 962 million) reported for the first nine months of last year.

The company also saw a rise in operating profit to KD 66 million (US$ 235 million) for the first nine months of 2012 - an increase of 12% from the KD 59.1 million (US$ 215 million) reported in the first nine months of 2011.

KIPCO’s consolidated assets increased

in the first nine months of 2012, to KD 6.4 billion (US$ 23 billion) from KD 5.9 billion (US$ 21.2 billion) for the year-end 2011.

Mr Tariq Abdulsalam, KIPCO’s Chief Executive Officer - Investment, said KIPCO’s third quarter results were consistent with the company’s expectations, “As expected, the underlying trends within our first quarter and half year results have continued into the third quarter, with our financial services, media and real estate companies showing consistent levels of growth in both revenue and profitability. Although our profits show only a slight year-on-year increase, our companies are demonstrating a high degree of resilience to difficult market conditions. If these trends continue until year-end, then we can expect to meet the financial targets we set for this year.”

KIPCO NEWS

9

KIPCO Group CEOs meet in Kuwait

KIPCO Group CEOs

Thirty Chief and Senior Executives of KIPCO Group companies gathered together in Kuwait to discuss ways to increase cooperation and promote synergy. The meeting was held at the Chairman’s Club in Burgan Bank Tower.

The executives attending the meeting represented companies from across the

Middle East, North Africa and Asia and operating in sectors such as financial services, media, real estate and insurance.

Addressing the meeting, Mr Samer Khanachet, KIPCO’s Group Chief Operating Officer said, “The KIPCO Group comprises companies operating

in 26 countries across the world. Our meeting brings together the Chief Executives of all our companies to share ideas and ways of working together. The KIPCO Group is able to draw upon a uniquely deep reservoir of experience and expertise that helps it successfully meet its challenges and take advantage of its opportunities.”

Burgan Bank completes the acquisition of Eurobank TekfenBurgan Bank has completed the process of acquiring a 99.26% stake in Eurobank Tekfen from Eurobank EFG for a deal value of KD98.88 million. Eurobank Tekfen and its subsidiaries (EFG Istanbul Equities & EFG Leasing) are now fully owned subsidiaries of Burgan Bank, which has received all the regulatory approvals in Kuwait and Turkey for this acquisition.

Burgan Bank Chairman, Mr Majed Al-Ajeel, said, “The Turkish economy and banking sector have continued to demonstrate solid performance and resilience throughout the recent global financial crisis and offer opportunities for continued long term expansion. Turkey’s young and rapidly growing population, combined with its strategic positioning between Europe and the Middle East offers strong potential for

Mr Majed Al Ajeel Mr Eduardo Eguren

further economic growth in the medium-to-long term, with increasing business flows with the Middle East.”

On his part, Mr Eduardo Eguren, Burgan Bank’s CEO said, “In-line with our corporate

strategy’s objective of expanding our footprint, scale and capabilities through strategic acquisitions, Burgan Bank will gain access to the attractive Turkish banking market through an established franchise led by seasoned management.”

KIPCO NEWS

10

The new headquarters of Bahrain Kuwait Insurance Company (BKIC) in the Bahraini capital, Manama, was officially inaugurated by HE Rasheed Al Maraj, Governor of the Central Bank of Bahrain (CBB), in the presence of members of the Board of Directors, top officials from the private and public sectors and the company’s major clients.

On this occasion, Mr Abdullah Buhindi, Chairman of BKIC said, “BKIC Tower in Manama’s Seef District is the second building to be owned by the company since its establishment in 1975. The building is characterized by its convenient location, which is a major hub for financial and investment institutions in the Kingdom.”

The new building provides staff and customers with easy accessibility and ultimate levels of comfort and convenience. Modern architecture and contemporary interiors have been carefully designed to provide a comfortable work environment for employees to perform their work efficiently. The 11 storey, state-of-the-art building includes four floors and a parking lot for 80 cars. The building also has a training room and board room, both equipped with the latest audio-visual technology. The total cost of the building is BD 3.5 million. Besides this building, the company operates through its branches located in major areas of Bahrain.

BKIC inaugurates new HQ in Manama

OSN has officially opened its new refurbished Marina Mall showroom in line with the new OSN brand as part of its regional expansion. The new showroom focuses on the TV viewing experience with features including a home theatre area, visual displays, sales and customer service center, as well as a demo area for OSN’s new technology including OSN Play and OSN Plus HD.

Mr David Butorac, CEO of OSN said, “Kuwait is an important market for OSN and has witnessed nearly 35% growth this year further demonstrating our success and popularity among Kuwaiti residents. The completion of the Marina Mall Showroom with the latest technology reflects our commitment to provide customers in Kuwait with unparalleled service levels.”

“Visitors can expect an enriched experience with OSN products and services first hand through our interactive technology in the state-of-the-art showroom with a specially designed demo area that is unmatched in the region,” he added.

The clean, vibrant look and feel of the new OSN Marina Mall Showroom is in line with the refreshed OSN brand identity launched earlier this year and is reflected in the network’s values of being bold and confident and providing a premium brand experience.

OSN launches new experience showroom in Kuwait

OSN’s CEO, Mr David Butorac (left), with Mr Maaz Sheikh, Chief Sales and Operations Officer

The grand opening of BKIC Tower (from left): BKIC Chairman, Mr Abdullah Buhindi; CBB Governor, HE Rasheed Al Maraj; Governor of the Capital Governorate, Sheikh Hisham bin Mohammed Abdul Rahman bin Mohammed Al Khalifa; and BKIC CEO, Mr Ebrahim Al Rayes

KIPCO NEWS

11

Arab Orient signs agreement to expand database

HE Mr Marwan Juma (left) and Mr Isam Abdelkhaliq signing the agreement

Arab Orient Insurance Company signed an agreement with KINZ, a company specializing in corporate data mining. The agreement was signed by Arab Orient’s CEO, Mr Isam Abdelkhaliq, and his counterpart at KINZ, HE Mr Marwan Juma. The agreement allows Arab Orient access to KINZ’s accurate database, thereby enhancing the insurance company’s ability to communicate with its clients across the business sectors. It also allows for evaluating the status of the company in the Jordanian insurance market.

Commenting on the agreement, HE Mr Juma said, “KINZ is proud to have signed an agreement with Arab Orient. The information we will provide will serve to cut market research costs and also increase operational efficiency.”

On his part, Mr Abdelkhaliq said, “Arab Orient is committed to growth and development from a strategic standpoint, and thus we partner with companies that support our efforts to create innovative solutions and to maintain a high quality of standards.”

JKB sponsors ‘The Report: Jordan 2012’JKB sponsored Oxford Business Group’s (OBG) tenth anniversary edition of ‘The Report: Jordan 2012’. JKB’s sponsorship of the publication comes as recognition of its usefulness and value to both the global and local business communities when making investment decisions, especially for those interested in Jordan.

‘The Report: Jordan 2012’ marks the culmination of more than six months of field research by a team of analysts from OBG, assessing trends and developments across the economy, including macroeconomics, infrastructure, banking and other sectors. It also includes a contribution from His Majesty King Abdullah II of Jordan, along with a detailed, sector-by-sector guide for investors.

Launch of OBG’s ‘The Report: Jordan 2012’

KIPCO NEWS

12

Belgian Ambassador to Kuwait, HE Dr Damien Angelet,

recently paid a visit to the AUK and met with AUK President,

Dr Winfred Thompson. The meeting covered a wide array of

topics, including opportunities of cultural and educational

collaboration between AUK and Belgian institutions.

“The Ambassador and I had a very positive meeting exploring

opportunities for cooperation between Belgian educational

and cultural institutions and AUK”, Thompson said.

Taking interaction with clients a step forward, Arab Orient

Insurance Company has now expanded it outreach in the

Jordanian market by entering the realm of social media. Now,

all you simply have to do to keep up with the new services and

latest news of Arab Orient is to ‘like’ their new Facebook page or

follow them on their Twitter account, ‘@AOICJordan’. The new

social media services will not only provide valuable information

about insurance services, but also provide awareness tips and

health insight to help you maintain a healthy life.

AUK President meets Belgian Ambassador

Arab Orient expands to social media

HE the Belgian Ambassador (left) with the President of AUK

Out of its belief in providing the best possible forms of health

insurance to its clients, Arab Orient Insurance Company

recently launched its AmanPlus program, offering the widest

coverage against cancer in Jordan.

The program offers direct access to all Arab Orient’s network

hospitals, including full coverage for room and board. It also

fully covers all of the medical charges related to cancer in

case of certainty, including testing, imaging and diagnostic

procedures.

Arab Orient’s Deputy CEO – Medical Insurance and Customer

Care, Mr Mustafa Melhem said, “No one has beaten us to

the launch of this type of product in the insurance sector.

We care for the lives of our clients, and we are committed

to providing the health insurance services and facilitations

that are of help. We hope that this new program makes a

difference.”

Arab Orient launches AmanPlus program against cancer

KIPCO NEWS

13

AUK recently contributed to the Grand Map project, ‘Kuwait: More than a Home’, which was launched at The Avenues Mall. The project is a creation of Universal Watch Advertising under the sponsorship of the Ministry of Information and major Kuwait organizations, including AUK. The project, which is taking place for the first time in the Middle East, comes as part of the celebrations of Kuwait’s 50th Constitution Anniversary.

The Grand Map is a 680 m2. map of Kuwait constructed on the floor, with special symbols located all around the map that can be scanned using a special smart phone application, allowing visitors to view a digital archive of Kuwait’s’ history and achievements. This 300 year narrative of Kuwait’s history is presented through the latest picture recognition technology and interactive marketing.

“Participation in this project comes as part of AUK’s efforts to support profound initiatives of national and cultural significance,” commented Dr Carol Scott-Ross, Vice President for Administrative & Student Affairs at AUK. “We appreciate this innovative way of celebrating the 50th Anniversary of Kuwait’s constitution.”

Burgan Bank launched its new multi-currency X-Change

Card from MasterCard, which has been tailor-made

specifically for frequent travelers, people studying

abroad, online shoppers, and expatriates sending

money back to their home countries. The multi-currency

X-Change Card is accepted across 23 million locations

around the world.

Customers are given a selection of the top currencies when

using the card, including US Dollars, Euro, British Pound,

Saudi Riyal, UAE Dirhams, Egyptian Pound and Filipino

Peso. The card, which provides its users with easy access

to online shopping, ticket booking and hotel reservations,

retains the value of the exchange rate at which it was

bought to enable customers to capitalize on their preferred

currency rates.

AUK stands out on Kuwait’s Grand Map

Burgan Bank launches multi-currency X-Change Card

AUK representatives (from right): Rehab El Bahey, Dr Carol Rossand Amer El Assaad

Using the smart phone application

The map view from above

KIPCO NEWS

14

Tunis International Bank (TIB) was named ‘Bank of the

Year – Tunisia’ by the InterContinental Finance Magazine,

the reputed financial publication with readership exceeding

160,000 worldwide.

This comes as a recognition of TIB’s continuous efforts

in offering efficient and competitive customers services,

pricing, strategic relationships, financial growth and

financial stability.

Earlier this year, TIB won the ‘Annual Golden International

Arch of Europe Trophy for Quality and Technology’. The bank

was awarded by the International Congress of Business

Initiative Directions (BID), based in Madrid.

Mr Mohamed Fekih, TIB’s CEO said, “We are very pleased to

receive such international recognition of being the best bank

in Tunisia from reputable publications. This demonstrates

our continuous efforts to meet the expectations of our

international customers.”

OSN scooped two prestigious awards at the inaugural

Gulf Business Industry Awards, reaffirming its leadership

position in the broadcast industry.

Recognized for its technology, innovation and business

leadership, OSN was awarded ‘Media & Marketing

Company of the Year’ and OSN’s CEO, Mr David Butorac,

won the ‘Media and Marketing Business Leader of the

Year’ award.

“We are honored to have won such esteemed awards

and thank Gulf Business and the judging panel,” said

Mr Butorac. “Consumer needs and preferences are ever

changing and it is important that businesses keep up and

continually evolve. Our success lies in our commitment to

find innovative ways to enhance the customers viewing

experience and bring excellence in everything we do. We

are extremely pleased to set this precedent and see our

efforts recognized by the industry.”

The Gulf Business Industry Awards were judged

independently by the Gulf Business team and a specially

selected jury. The awards celebrate achievements of the

most successful businesses and business leaders in the

region.

TIB wins two international awards

OSN scoops two awards!

Mr Nabil Chahdoura, TIB’s Assistant GM, receiving the Trophy from Mr Jose E. Prieto, President and CEO of BID

Mr Mohamed Fekih

Mr David Butorac (right) accepts the OSN awards

KIPCO NEWS

15

Burgan Bank received the coveted ‘Best Private Bank in

Kuwait’ award by Capital Finance International, one of

the world’s leading journals on banking and finance which

provides news, analysis and commentary on emerging

markets.

The award comes in recognition of the nominations and

referrals that Burgan Bank continued to receive, along

with its continuous commitment towards implementing

international best practices to ensure the delivery of a

trusted premium private banking services to its clients.

Mr Mones Bazzy, Head of Private Banking – GM at Burgan

Bank said, “We are very pleased to have been nominated

and recognized as the ‘Best Private Bank in Kuwait’ by

Capital Finance International. One of our strongest assets

at the Private Banking Group in Burgan Bank is our

customers’ trust. I would like to thank our customers for

the trust they have in our capabilities, and our colleagues

in private banking for their continuous pursuit of success.

This recognition, which is based on customers’ votes, is

a driving factor that motivates us to further enhance

our private banking service while also maintaining our

customers’ valuable trust.”

GIC has been named ‘Insurance Company of the Year 2012, Kuwait’ by World Finance magazine. The award recognizes companies that implement and uphold a strong culture of quality and services through an independent judging panel.

The award highlights GIC’s continuous commitment to providing the highest level of quality and applying best practices that guarantee the delivery of a trusted insurance service.

Mr Khaled Al Hasan, Gulf Insurance’s MD & CEO, said, “Gulf Insurance is proud to have won this prestigious award from World Finance. This accomplishment demonstrates our company’s top notch operations, standards and services. It is also a testament to Gulf Insurance’s application of leading industry solutions which support the needs of our customers and clients.”

The World Finance Award criteria was based on a competitive analysis of the company’s financials, underwriting processes and policies, culture of qualities and client relations. GIC was collectively selected by World Finance’s judging panel.

Burgan Bank named ‘Best Private Bank in Kuwait’

GIC wins ‘World Finance Award’

Mr Mones BazzyMr Khaled Al Hasan

KIPCO NEWS

16

KIPCO participates in 29th NUKS-USA Conference

KIPCO participated in the 29th Conference of the National

Union of Kuwaiti Students – USA Branch (NUKS-USA). The

event, for which KIPCO was the Platinum Sponsor for the

second year, was held under the auspices of HH the Prime

Minister Sheikh Jaber Al Mubarak Al Hamad Al Sabah in

Washington, DC.

Opening CeremonyAddressing the students at the Opening Ceremony, Ms Eman

Al Awadhi, Assistant Manager, Marketing and PR Department,

said, “Young Kuwaiti people such as yourselves need to work

hard to achieve a brighter future for yourselves and for our

country. At KIPCO, we believe that the development of Kuwait

depends upon more young people going into the private

sector.”

She added, “Working in the private sector is not without

challenges. However, the satisfaction that comes from the

opportunities to learn and grow every day is immense. At

KIPCO, the management invests in youth and provides

them with the support they need to develop their skills and

to achieve their aspirations. This contributes not only to the

development of our company, but also to that of our people

and the economy of our country.”

Economic ForumAt the ‘Economic Forum’, KIPCO was represented by Mr

Bader Al Othman, Unit Head – Financial Institutions Division

at Burgan Bank. During the forum, Mr Al Othman discussed

a range of topics with the panelists. He highlighted Burgan

Bank’s support for the State Development Plan, the impact of

the global financial crisis on the banking sector, as well as the

importance of corporate governance.

The Marina FM team (from left): Salman Al Nijadi, Talal Malik and Homoud Adel

Eman Al Awadhi presents a commemorative plaque to the Representative of HH the Prime Minister

KIPCO NEWS

17

On the topic of recruitment, he said, “Burgan Bank’s innovative

human resource programs are directed at reaching out to

young Kuwaitis and encourage them to choose banking as a

promising career path. Burgan Bank’s internship and training

programs help develop the skills and knowledge of young

people, as well as enhancing their communication abilities

and their willingness to work within a team.”

Job FairKIPCO also participated in the Job Fair organized on the

sidelines of the conference. Representatives of KIPCO and

Burgan Bank were present to answer questions from the

students about the range of potential career opportunities

within the KIPCO Group for graduates.

Closing CeremonyAt the Closing Ceremony, sponsored by KIPCO, a

commemorative plaque was presented to the Representative

of HH the Prime Minister, HE the Ambassador of Kuwait to

the US Sheikh Salem Abdullah Al Jaber Al Sabah.

Marina FMMarina FM was also present as a Media Sponsor of the

event, covering activities of the conference and airing

special segments and interviews with the students,

who spoke about their experiences and what they

missed about home. Marina FM is widely listened to

by Kuwaiti students in the US through its smartphone

application.

The Marina FM team – Talal Malik, Salman Al Nijadi and

Homoud Adel – also gave away prizes to 15 lucky winners. The

prizes – presented by KIPCO – were Burgan Bank X-Change

Cards each credited with US$ 200.

Bader Al Othman of Burgan Bank (second from right) with speakers of the Economic Forum

Representatives of KIPCO, Burgan Bank and Marina FM at the Job Fair

KIPCO CARES

19

KIPCO Family Day 2012 attracts largest crowd yet!

This year’s KIPCO Family Day has attracted the largest crowd yet! KIPCO Group employees and their families enjoyed a great day out at the Shaab Park. Children were entertained by cartoon characters and enjoyed the free rides while their parents had the opportunity to catch up with their colleagues from around 30 Group companies.

This year there were two prize draws with more than 150 prizes given away, giving more people the chance to win. KIPCO Group companies such as Burgan Bank, GIC, Kuwait Hotels, Gulfnet and OSN donated prizes such as cash cards, motor insurance, restaurant meals, internet and OSN subscriptions. Stage competition prizes were provided by OSN, Shaab Park and Discovery Centre.

Top prizes provided by KIPCO included Galaxy SIII, iPads and two fabulous family holidays each worth KD 1000!

Event organizer, Ms Lana Shehadeh from KIPCO’s Corporate Communications Department said, “This was another great Family Day that was attended by more than 8000 employees and their families. The children enjoyed the free rides and free food, and the prize draws were very popular. We managed to give away prizes to more than 150 lucky winners this year. We would like to thank all of the operating companies that provided us with draw prizes for this year’s event.”

20

KIPCO CARES

21

KIPCO CARES

22

KIPCO CARES

23

KIPCO CARES

Volunteers from KIPCO, GIC and Burgan Bank who assisted in the organization of GIC’s Jubilee Celebration events were recognized by GIC’s senior management.

GIC’s Chairman, Mr Farqad Al Sane, and GIC’s MD & CEO, Mr Khaled Al Hasan, recognized the volunteers for their efforts that contributed to the success of the 50th anniversary events.

Mr Al Sane thanked the volunteers for their help and then presented each with a certificate of appreciation. The group enjoyed a lunch at the Atlantis Restaurant at the Marina Hotel.

24

KIPCO CARES

GIC honors Jubilee Celebration volunteers

The volunteers with Mr Farqad Al Sane (front row, third from right) and Mr Khaled Al Hasan (front row, far right)

Abeer Al Omar from KIPCO

Dalal Al Hasan from KIPCO

Aisha Al Asfour from GIC

Robert Hipkins from KIPCO

Ashraf Salama from GIC

Abdullah Al Mola from GIC

Dalal Al Ashram from GIC

25

KIPCO CARES

Shurooq Al Refaie from GIC

Khalid Al Sanousi from GIC

Duaa Al Muhtadi from GIC

Bader Al Mutawa from Burgan Bank

Rawan Al Baghli from GIC

Wael Abdelrazek from GIC

Manal Dari from GIC

Jaida Al Farouqi from GIC

Hessa Al Nijada from Burgan Bank

Saleh Al Sarhan from GIC

Aisha Al Rashoud from Burgan Bank

Mubarak Al Ayyar from GIC

Khalid Al Duhaim from GIC

Noor Hamada from Burgan Bank

Sara Al Mutairan from GLIC

26

KIPCO CARES

JKB participates in charity bazaar

HRH Princess Basma Bint Talal visiting JKB stand at Mabarrat Um Al Hussein’s Diplomatic Bazaar

In its endeavor to reach out to all members of the local community, and in line with its corporate social responsibility, in addition to providing monetary support to the Mabarrat Um Al Hussein orphanage, JKB sponsored the Diplomatic Bazaar that was held under the patronage of HRH Princess Basma Bint Talal of Jordan at Al Hussein Youth City in Amman.

More than 55 diplomatic missions took part in this popular annual event, offering their national products, handicrafts and foods with proceeds from the bazaar benefiting the orphans at Mabarrat Um Al Hussein.

HRH Princess Basma expressed her appreciation to the sponsors and the diplomatic missions that return year after

As part of its corporate social responsibility efforts and out of its commitment to support young talents, GIC sponsored the Kuwait JETSKI Team which participated in the World Championship 2012 held in Arizona, USA.

Kuwait JETSKI Team represented Kuwait for two consecutive years; 2010 and 2011. The team has successfully won the First Place ‘Duplicate’ and the Cup of Ideal Team in the World Championships that took place in the United States last year, an unprecedented Arab achievement.

year in support of this noble initiative. JKB set up a booth at the bazaar to showcase the various products and

UGB was awarded a certificate of appreciation from the University of Bahrain in recognition of the bank’s continuous commitment and participation in the university’s annual

services offered by the bank. The bank also set up a mobile ATM to provide the Bazaar’s visitors and participants with cash withdrawal and exchange services.

‘Summer Internship Program’. The internship program comes as part of UGB’s corporate social responsibility activities.

GIC sponsors Kuwaiti JETSKI Team

Kuwait’s JETSKI Team champions and GIC representatives

UGB recognized for internship program

27

KIPCO CARES

Burgan Bank raises breast cancer awareness among employees

KAMCO organizes fire safety workshop

Burgan Bank recently held a breast cancer awareness day for its female employees as well as KIPCO’s female employees in collaboration with Taiba Clinic. The bank set up a booth at its head office, which aimed at allowing the attendees to benefit from free checkups.

The bank also provided educational leaflets that contained the most updated information on breast cancer from the World Health Organization, as well as consultations on their general health in an effort to raise more awareness on various health issues.

JKB supports conference for gifted people

JKB sponsored the ‘9th Arab Conference on Nurturing the Gifted and Talented’ that was recently held under the patronage of HE Mr Sameeh Al Maayteh, Jordan’s Minister of Culture. The conference, the theme of which was ‘Creative Youth... Promising Achievements’, was an opportunity to exchange experiences in the field of nurturing gifted and talented students in the Arab.

Participants were also introduced to the recent developments in the psychology behind talent and creativity.

JKB participated at the conference and set up a booth to promote the bank’s services and products. Dr Fathi Jarwan, President of the Arab Council for the Gifted and Talented, presented JKB with a guild in appreciation for their contribution to the success of the conference.

JKB representatives at the conference

KAMCO recently organized a ‘Fire Safety Workshop’ in cooperation with the Kuwait Fire Department. The two-day workshop was held in Al Shaheed Tower for ten of its employees. The employees learnt about different safety

aspects such as the correct use of a fire extinguisher, how to deal with big and small fires, and how to evacuate the office building. This is in line with the company’s commitment to providing a safe environment.

KAMCO employees with Kuwait Fire Department representative

28

KIPCO CARES

FAJR AL GULF: ‘Insuring’ a bright future for Lebanese youth

JKB employees lecture students

Burgan Bank’s ‘Buba’ kids account sponsors ‘Bloom Expo’

FAJR AL GULF has teamed up with KidzMondo, the revolutionary edutainment city for children to create the first kid fueled ‘FAJR AL GULF Fire Station’ in this child-size replica city in Beirut, Lebanon.

At KidzMondo, children will play adult roles in a highly realistic environment that mimics the adult world as closely as possible.

Not only will children get to take part in the life saving activity of putting out virtual fires; at the ‘FAJR AL GULF Fire Station’

they will get acquainted with solutions that will allow them to maximize on their potentials and to unleash their dreams in the future.

Risk analysis and management might seem like large concepts for a child to understand, but FAJR AL GULF will develop a role-play based curriculum to accomplish just this very task to help children to properly weigh their options when exposed to personal and economic choices.

Representatives of FAJR AL GULF and KidzMondo at the signing ceremony

JKB employees with Islamic Education College students Burgan representatives with children at the Bloom Expo

In line with JKB’s corporate social responsibility initiatives and in particular the field of education, two JKB employees gave a lecture to 60 elementary students attending the Islamic Education College. The lecture introduced the young students to the local currency and its different denominations, as well as the concept of cash deposit and borrowing in a simplified manner. After the lecture, the bank employees presented the students with some gifts on behalf of JKB. The bank’s participation received great recognition from the college’s administration.

Burgan Bank recently sponsored its first children’s exhibition, ‘Bloom Expo’, through its Kids account ‘Buba’. The exhibition, took place at the Convention Center in Shuwaikh – Kuwait Free Trade Zone, and was under the patronage of the Minister of Education and Minister of Higher Education.

The children’s event included a series of competitions, seminars, national songs, stories, puppet shows. The bank’s famous ‘BuBa’ character entertained the attendees and their families at the exhibition.

29

KIPCO CARES

Marina Hotel holds employee open day

Safir Fintas launches ‘Green Quarter’ campaign

Marina Hotel GM (center) with staff

Safir Fintas staff take part in a beach cleanup

Marina Hotel Kuwait recently held its annual employee open day at its private beach front. The open day was organized by the hotel’s Social Committee, allowing all employees to take a break from the busy season and also to thank them for their great efforts.

The event included exciting activities and a variety of team competitions. The employees enjoyed a barbeque, an elaborate dinner buffet and an entertainment program followed by the distribution of valuable prizes to encourage and motivate employees.

The celebration, which was themed ‘Summer Fun’, was attended by General Manager, Mr Nabil Hammoud, who expressed his appreciation for the employees and their valued their efforts. He also encouraged the staff to aim higher and to always strive for excellence.

Safir Hotel and Residence – Fintas began its first environmental campaign in an effort to promote environmental awareness. The campaign, ‘Green Quarter’, also highlights the importance of conservation methods and educates people on how to get rid of waste without harming the environment.

The hotel’s General Manager, Mr Saif Eddin Khalid Mohammed said, “The preservation of the environment is fundamental to the community and is part of the objectives that the hotel management always highlights.”

To begin the campaign, the hotel staff took part in the ‘Beach Cleaning Day’. The volunteers cleaned the beach at the hotel. Other events included ‘Plant a Tree Day’ and a ‘Marathon’ aimed at highlighting the harmfulness of car exhaust gases.

Dejean Quartet perform at AUK

AUK’s Department of Music and Drama, under the auspices

of the German Embassy in Kuwait, presented the Dejean

Quartet. The ensemble of flute, violin, viola, and cello are

all members of the prestigious Kassel State Orchestra in

Germany.

Over 200 students and outside guests were in attendance

as the group performed, discussed their instruments, and

answered questions. One student had the opportunity to

try his hand at conducting the ensemble, which resulted

in quirky, fun filled performance, to the delight of the au-

dience. Afterwards, each musician worked independently

with small groups of specialized music students, helping

them to hone their craft.

Dr Lisa Urkevich, Chair of the Department of Music and

Drama said, “The event was a great success. It provided

a wonderful opportunity for our students to interact with

musicians of the finest caliber, learn about other cultures,

and expand their horizons. Our thanks goes to the German

Embassy for their efforts in keeping these quality arts alive

and sharing them with our community.”

The Dejean Quartet during the performance

A student conducting the ensemble

30

KIPCO CARES

AUK hosts 7th annual awareness week

The Office of Student Life at AUK organized its 7th Annual Awareness Week. Each day of Awareness Week concentrated on a specific topic, including self-awareness, community outreach awareness and political awareness.

The first day included an interactive self-awareness workshop, coordinated by the Office of Student Life, Center for Career Services and Wellness and the Psychology Department at AUK. The workshop aimed at getting students together from different backgrounds, as well as helping them define ‘Who They Are’.

The second day saw the AUK Volunteers Program, organize ‘Refuse to be Ordinary.’ The program is an attempt to provide students with the information and the opportunity they need to be significant contributors to the Kuwaiti community through service.

The Awareness Week extended to include two main events: K’S PATH volunteer trip and KAACH Orientation and Training. Over 80 students visited the K’S PATH shelter, located in Al-Wafra, during an open day organized by the shelter. Students had the chance to see the premises and interact with K’S PATH staff, volunteers and animals. Students learnt about the different animals housed at the shelter, how they were rescued, how they are being taken care of, as well as adoption and sponsoring procedures.

In addition, there were more than 60 students who attended the KAACH orientation and training. The orientation provided volunteers with information about KACCH’s activities, expectations of volunteers and volunteer duties.

AUK students’ visit to K’S PATH Open Day in Al-Wafra Shelter

Representatives from Kuwait Society for the Handicapped

KACCH representatives at the Volunteer Fair

Volunteer Fair, part of Awareness Week

Representatives from Operation Hope

31

KIPCO CARES

PKC celebrates Diwali

Pulsar Knowledge Centre (PKC) celebrated ‘Diwali’, the festival of lights signifying brightness, happiness, love, peace and fun.

The celebrations began with employees making donations to an NGO that reuses and recycles items for the use of the underprivileged. Another NGO set up a kiosk in the office premises to sell a wide range of products like decorative ‘diyas’ (earthen lamps) and

candles, carry bags, greeting cards and other items. Both the initiatives were a success.

The office premises were decorated with colourful lights, balloons, flowers, ‘rangolis’ (designs and patterns made with colour) to complete the festive look. Everyone wore bright, traditional attire (women in their ‘sarees’ or ‘salwar kameez’ and men in ‘kurtas’) adding vibrancy to the celebrations.

PKC employees celebrating Diwali

Various games associated with this festival including card games, tambola and lucky draws were organized and everyone participated enthusiastically. The employees also voted for the best traditionally dressed male and female colleague. The winners went home with gifts and goodies after having sumptuous snacks and traditional sweets.

KIPCO INTERNS

33

URC partners with Kuwait Fund on internship program

Out of valuing their social responsibility towards the development of the Kuwaiti society, URC provided internship opportunities for two young Kuwaitis enrolled in the ‘Engineering and Architecture Program’ of the Kuwait Fund for Arab Economic Development (KFAED). The KFAED program extends for 13 months; four months of soft-skill training, followed by a six-month internship abroad, and finally a three-month internship in Kuwait.

Young Kuwaitis challenged to learn

and grow“ “Nour being mentored by Eng. Al Dannan

KIPCO INTERNS

34

CSRKIPCOLife had the opportunity to speak to Ms Renimah Al Mattar, URC’s Executive Vice President, who said that mentoring KFAED interns presents youth with the opportunity to get real-life experience and exposes them to the real estate development sector.

“Here, the interns are exposed to new concepts and ideas, and they are challenged to use their analytical skills and come up with solutions to the problems we present them with. We also bear a great responsibility, because these interns go on to become ‘ambassadors’ of URC and it is up to us to build our reputation platform through them,” she explained.

Such internships also support a pipeline of future talent who gain first-hand experience in working in a reputed company with a culture that embraces a team-based approached, fosters communication and builds lasting stakeholder relationships.

Civil EngineeringEach of the KFAED interns was assigned a mentor. Eng. M. Yaser Al Dannan, URC’s Senior Projects Director, mentored Nour Al Homoud, who graduated with a degree in Civil Engineering from Kuwait University.

“Since joining us, Nour has been involved in the painting, tiling and washroom renovation at Marina Mall. This has included numerous site visits, following up with contractors, and maintaining quality and specifications,” Eng. Al Dannan told KIPCOLife. “She is also learning about contract documentation and the planning and scheduling of projects.”

These skills are critical to a civil engineer, and Nour is acquiring first-hand experience on how to approach similar projects, as well as achieving the end value of the project.

“Nour is a smart young woman who is willing to learn. This positive attitude, along with her strong performance, will guarantee her a very successful future,” he said.

ArchitectureThe second intern, Khalid Al Awadhi, graduated with a degree in Architecture from Kuwait University. He was mentored by Eng. Mohammed Al Soury, Architect with URC’s Design and Development Department.

“The objective of any internship is to give the intern a glimpse of what the real world is like. I have been working with Khalid on three main areas; introducing the architect’s responsibilities in the field of real estate, project management, and elements related to improving design skills,” Eng. Al Soury explained.

Khalid was involved in the interior design of the ground floor of Al Shaheed Tower, as well as the gym and café on the M3. He also worked on the shop drawings for the washroom renovation project at Marina Mall. This included on-site assistance and site reports.

Khalid working on his design for Al Shaheed Tower’s M3 floor

Ms Renimah Al Mattar

KIPCO INTERNS

35

“Tenant layout design is very important, which is why I got Khalid involved in the Salalah Gardens Mall in Oman, for which he also revised the ‘Souk’ drawings. For Abdali Mall in Jordan, the intern is working on redesigning some elements on the third and fourth floors,” Eng. Al Soury added.

InternsKIPCOLife also met with the interns to get a glimpse of the internship experience from their perspective. Khalid explained that there were three different careers pathways an architect could pursue – working with a building owner, a consultant/designer, or a contractor. “My experience with URC has shown me what it means to work as a representative of the owner of the building. I now understand company hierarchy and the different roles within it.”

Asked about his experience, Khalid said, “My time with URC has exceeded my expectations; my experience has been motivational and inspiring. When I first joined I knew nothing about real estate development, and now I am working on my own designs. My design for the gym and cafeteria on the M3 of Al Shaheed Tower will be presented to URC management and may well be implemented!”

He added that he very much appreciated having the opportunity to be mentored at URC, saying that this experience helped him understand himself, the options available to him as an architect and to decide on a career path. Moving forward, he now sees himself working at an “architectural studio” where he would design a project and then follow through with its implementation.

As for Nour, she said that as a civil engineer she tended to work in real estate companies more than contracting companies. “URC has a good reputation in Kuwait and owns main projects in the country, which is why I chose to intern with them. I now have a better understanding about the operation of engineering firms and office standards in the private sector.”

Another important thing that Nour learnt is the conditions that preserve the rights and obligations of each of the owners of a project and the contractors assigned to do the project. “This is important as I was part of the supervision on the job site and checking work schedule of the workers.”

She also said that the internship has helped her decide on a career path. “This has been a challenging experience through which I got to know myself and the professional world better. I also met potential employers and built up a network of contacts. This experience helped me to develop my social skills, such as the ability to work in a team, deal with conflicts and assert myself.”

More importantly, internships improve career prospects because employers expect applicants to have practical professional experience, and this is what URC has provided to both Khalid and Nour!

Mentors assigned to guide interns“

“

Internships support pipeline of future talent“

“From left: Eng. Al Dannan, Khalid and Eng. Al Soury

36

KIPCO INTERVIEW

Al Sharrad: Emphasis on talent recruitment

Mr Khaled Al Sharrad was appointed Group Chief Human Resources & Administration Officer in mid-2012. KIPCOLife had the opportunity to meet with Mr Al Sharrad, who spoke about his new role and the opportunities at hand.

Employees are our most

valuable assets

“ “

37

KIPCO INTERVIEW

Group objectives“In his famous book ‘Winning’, Jack Welch mentioned that ‘.. the head of HR should be the second most important person in any organization.’ KIPCO Group consists of more than 60 companies operating in 26 countries, operating across multiple regulatory and labor environments. Therefore, my main role is to oversees all human resource activities across the Group and assist the transformation of the HR function into a strategic business partnership role aligned with the company’s overall objectives,” Mr Al Sharrad explained.

His responsibilities include assisting Group companies in developing HR plans and strategies to support the achievement of overall business objectives; providing leadership and guidance to Group HR functions by overseeing talent acquisition, career development succession planning, retention and compensation and benefits; advising Group executives regarding key organizational and management issues; and working with Group Admin heads on improving general services such as logistics, purchasing facilities management, communication services and corporate governance.

CoordinationAsked about opportunities for Group cooperation and coordination in the fields of HR and Admin, Mr Al Sharrad said, “There are plenty of opportunities for effective cooperation and coordination amongst Group companies especially in the fields of recruitment, training and logistics services.”

One example of such Group collaboration was the signing of the ‘Recruitment Search Agreement’ by the core Group companies collectively with Bayt.com. “This was very successful experience and proved that working together as one team can be cost effective and beneficial to each company.”

The Group HR Committee will be identifying areas of improvement by conducting an HR diagnostic analysis across KIPCO’s core companies, assessing their current status and working towards the required level of standardization and unification across the Group.

Investing in employeesOn investing in employees, Mr Al Sharrad said, “Our employees are our most valuable asset, and KIPCO is investing in its employees through education and training. This will bring valuable benefits to both the employees and the shareholders. Research has shown that investing in our people leads to engagement, which results in increased productivity and lowering costs.”

He added, “By putting a system in place that enables your employees to connect seek knowledge in any topic inside or outside of the company, you will not only be increasing their loyalty to your business but also insuring that your employees have access to new ideas and technology that will make your business a leader in the field.”

Talent managementKIPCOLife asked Mr Al Sharrad about the talent management initiatives that will be put in place to guarantee that

the KIPCO Group is hiring the best people. He said, “Talent management is typically one of the most important responsibilities of all heads of HR. We need to hire the right people to lead our companies, people of top talent who are dedicated to their jobs and believe in excelling in what they do.”

In order to do so, KIPCO Group needs to develop an employment brand that reflects our vision for the future. This will give the Group a reputation as being a ‘great place to work’, which in turn helps in hiring the right people and reducing the turnover rate.

“We also need open lines of communication so our employees won’t worry about their job security. The more we communicate with our staff, the higher the level of engagement. It is important to conduct ‘Employee Engagement Surveys’ in order to hear from our employees and to understand their expectations, decisions and suggestions,” he added.

Future plansMr Al Sharrad shared some of his ideas and future plans for the Group. “In the near future we plan to concentrate on creating strong pipelines for talent recruitment to both enhance Group decision-making and to secure future growth. We will be working to create a Group corporate culture that attracts the best employees and to develop the next generation of corporate leaders.”

Group coordination is cost effective“ “

HR function must

be aligned with

business objectives

39

KIPCO REPORT

Behind the scenes at Cake & Bake:Making a cake fit for a celebrity!

What better way to celebrate a birthday than to treat the lucky birthday boy or girl as a celebrity? Cake & Bake gave KIPCOLife a behind-the-scenes look at how such a cake is made, step by step!

More icing is spread on top of the cake, then a similar white round cake is placed on top.

The cake is sprayed with syrup for added moisture.Chocolate icing is spread on each layer, and the cake is cut in a round shape.

A sheet of sugar fondue is gently placed over the whole cake, and the edges are cut to size.

The edges are aligned.

1 2 3

4

5 6

40

KIPCO REPORT

The cake is now ready for decoration with colored fondue sheets, cut shapes and some silver food coloring for a glamorous look.

A second, smaller cake is prepared and decorated. The upper layer of “popcorn” is Styrofoam that’s been cut, shaped and colored.

The second tier is placed on top of the first.

7

8

11 12

9 10

41

KIPCO REPORT

Additional Styrofoam accessories are added to complete the look.

The Special Cake Section team with Chef de Partie Ricky Morana (far right) and Sous Chef Ruben Pasible (second from right)

And voila! The Hollywood celebrity birthday cake is read!

13 15

14

42

Congratulations to Mazen Hawa, Group Senior Vice President in the Finance & Operations Department

at KIPCO, who has been blessed with Marya, a new baby girl

تهانينا إلى مازن حوا، نائب رئيس أول للمجموعة في إدارة المالية

والعمليات في شركة كيبكو، بمناسبة قدوم مولودته الجديدة

مارياCongratulations to Ahmed Abdou, Office Boy in the Administration

Department at KUCC, who has been blessed with Hoor, a new baby girl

تهانينا إلى أحمد عبده، فراش بإدارة الشؤون اإلدارية في الشركة الكويتية

المتحدة إلدارة المشاريع، بمناسبة قدوم مولودته الجديدة حور

Congratulations to Tageldin Abdel Aziz, Messenger in the Administration

Department at KAMCO, who has been blessed with Yasmine,

a new baby girl

تهانينا إلى تاج الدين عبد العزيز، مندوب بإدارة الشؤون اإلدارية في شركة كامكو، بمناسبة قدوم

مولودته الجديدة ياسمين

Congratulations to Shahram Mansour, Refurbishment Engineer in the Supply Chain Division at OSN, who has been blessed with Sara,

a new baby girl

تهانينا إلى شهرام منصور، مهندس تجديد بإدارة اإلمداد في شبكة أوربت

شوتايم، بمناسبة قدوم مولودته الجديدة سارة

Congratulations to Bassam Darwish, Senior IT Officer in the IT Department at United Gulf

Bank, who has been blessed with Mohammed, a new baby boy

تهانينا إلى بسام درويش، موظف أول في إدارة نظم المعلومات في

بنك الخليج المتحد، بمناسبة قدوم مولوده الجديد محمد

Congratulations to Sumayya Dalvi, Senior Financial Officer in the Finance Department at Qurain Petrochemical Industries Company, who has been blessed with Sulaiman, a new baby

boy

تهانينا إلى سمية دلفي، مسؤول مالي أول بقسم المالية في شركة

القرين لصناعة الكيماويات البترولية، بمناسبة قدوم مولودها الجديد

سليمانCongratulations to Faten Ali, HR Officer in the HR Department at GIC, who has been blessed with

Salma, a new baby girl

تهانينا إلى فاتن علي، مسؤول موارد بشرية في إدارة الموارد البشرية في

شركة الخليج للتأمين، بمناسبة قدوم مولودتها الجديدة سلمى

Congratulations to Nanees Mohamed, HRD Admin Officer in

the HR & Admin Department within KHC, who was married recently

تهانينا إلى نانيس محمد مسؤول إداري بقسم الموارد البشرية في

شركة الفنادق الكويتية بمناسبة زواجها مؤخراً

KIPCO PEOPLE

New Marriages

New Babies

المتزوجون الجدد

المواليد الجدد

أسرة كيبكــــو

43

Promotions & New Qualificationsالترقيات و المؤهالت المهنية الجديدة

Congratulations to Ahmad Salih, Director of Corporate Affairs of

United Networks who has earned a Doctorate degree in Business Administration from Walden

University

تهانينا إلى أحمد صالح، مدير شؤون الشركات من شركة يونايتد نتوركس، الذي حصل على شهادة الدكتوراه في

إدارة األعمال من جامعة والدن

Congratulations to Nehad Noor, Manager in the Asset Management Department of United Gulf Bank,

who has earned the Series 7 qualification

تهانينا إلى نهاد نور، مديرة بإدارة األصول في بنك الخليج المتحد، التي

)Series 7( حصلت على شهادة

Vinit Chandraفينيت شاندرا

التحق بالعمل لدى بنك برقان بوظيفة رئيس مدراء مجموعة

االستثمارات البنكية والخزينة والمصرفية الخاصة والشخصية في

إدارة االستثمارات البنكية والخزانةhas joined Burgan Bank as a Group Head of IBT,

Private & Retail Banking in the Investment Banking &

Treasury Department

Lateefah Abdullahلطيفه عبداهلل

التحقت بالعمل لدى بنك برقان بوظيفة مسؤول

وحدة المعالجة المركزية في مجموعة العمليات

المصرفيةhas joined Burgan Bank as a Central Processing

Unit Officer in the Banking Operations Group

Vivek Rattanفيفك راتان

التحق بالعمل لدى بنك برقان بوظيفة مدير االستثمار في إدارة

االستثمارات البنكية والخزانة

has joined Burgan Bank as an Investment Manager in the Investment Banking &

Treasury Department

Juraj Benoجوراج بينو

التحق بالعمل لدى بنك برقان بوظيفة رئيس

التخطيط المالي االستراتيجي في إدارة التخطيط المالي

االستراتيجيhas joined Burgan Bank as a Head of Strategic

Financial Planning in the Strategic Financial Planning

Department

Mayouf Sabtiمعيوف سبتي

التحق بالعمل لدى بنك برقان بوظيفة ممثل خدمة

عمالء الهاتفية في مجموعة المصرفيـة لــلـخدمات

الشخصيــــةhas joined Burgan Bank as a Call Center Agent in Retail

Banking

Meshari Al Hamadمشاري الحمد

التحق بالعمل لدى بنك برقان بوظيفة مدير تطوير قاعدة عمالء المصرفية

الخاصة في المجموعة المصرفية الخاصة

has joined Burgan Bank as a Customer Acquisition

Manager in Private Banking

Ehab Hanaallaإيهاب حنااهلل

التحق بالعمل لدى بنك برقان بوظيفة مديـر ضمان

الجـودة فـي إدارة التنظيم والوسائل

has joined Burgan Bank as a Quality Assurance Manager

in the Organisation and Methods Department

Naser Al Naserناصر الناصر

التحق بالعمل لدى بنك برقان بوظيفة صراف متدرب

في مجموعة المصرفية لــلخدمــات الشخصية

has joined Burgan Bank as a Trainee Teller in Retail Banking

Badreyah Aliبدريه علي

التحقت بالعمل لدى بنك برقان بوظيفة صراف متدرب



Abdullah Mohammad عبداهلل محمد


عمالء الهاتفية متدرب في مجموعة المصرفية

لــلخدمــات الشخصيةhas joined Burgan Bank as a Trainee Call Center Agent in

Retail Banking

Newly Hiredالموظفون الجدد

44

KIPCO PEOPLE

Ali Al Bloushiعلي البلوشي




Ahmed Al Ayoubأحمد األيوب




Sarah Al Gharebساره الغريب




Esra Al Haddadإسراء الحداد




Bashaer Al Rasheediبشاير الرشيدي




Asmaa Al Atrouziأسماء العطروزي




Loulwah Al Qassarلولوه القصار




Fatemah Al Mailفاطمه الميل




Abdulmohsen Al Najjarعبدالمحسن النجار




Waleed Al Adwaiوليد الدواى




Modhe Al Meshariموضى المشاري




Abdulaziz Hayatعبدالعزيز حيات




Fahad Al Behairiفهد البحيري




Naser Al Aliناصر العلي




Newly Hired الموظفون الجدد

Anwar Al Hawwajأنوار الحواج


في مجموعة المصرفية للشركات

has joined Burgan Bank as a Trainee Teller in Corporate

Banking

45


Peter Abdel Shahidبيتر عبدالشهيد

التحق بالعمل لدى بنك برقان بوظيفة مدير مشروع

- ERP في إدارة الموارد البشرية والتطوير

has joined Burgan Bank as a Project Manager – ERP

in the HR & Development Department

Neville Abrahamنيفل ابراهام

التحق بالعمل لدى بنك برقان بوظيفة مساعد مدير االستثمار في إدارة

االستثمارات البنكية والخزانة

has joined Burgan Bank as an Assistant Manager -

Investment in the Investment Banking & Treasury

Department

Vikrant Gargفيكرانت جارج

التحق بالعمل لدى بنك برقان بوظيفة مدير مشروع في

اإلدارة المصرفية للخدمات الشخصية واالستثمارات

البنكية والخزانةhas joined Burgan Bank as a Project Manager in the Retail Banking, Investment Banking

& Treasury Department

Zahra Aliزهراء علي



has joined Burgan Bank as a Trainee Teller in Corporate

Banking

Abdullah Al Amriعبداهلل العامري



لــلخدمــات الشخصيةhas joined Burgan Bank as a Trainee Call Center Agent in

Retail Banking

Shaikhah Saifشيخة سيف

التحقت بالعمل لدى بنك برقان بوظيفة ممثل خدمة


لــلخدمـات الشخصيةhas joined Burgan Bank as a Trainee Call Center Agent in

Retail Banking

Abdullah Al Munaieعبداهلل المنيع



لــلخدمـات الشخصية

has joined Burgan Bank as a Trainee Call Center Agent in

Retail Banking

Fawziah Hajiفوزية حجي

التحقت بالعمل لدى بنك برقان بوظيفة ممثل خدمة


لــلخدمـات الشخصية

has joined Burgan Bank as a Trainee Call Center Agent in

Retail Banking

Abdulamir Al Muscatiعبد األمير المسقطي

التحق بالعمل لدى شركة العقارات المتحدة بوظيفة

مساعد نائب رئيس في إدارة تطوير األعمال

has Joined URC as an Assistant Vice President in the Business Development

Department

Adel Ansariعادل أنصاري


محلل مالي أول في إدارة األصول والخدمات

االستشارية

has Joined URC as a Senior Financial Analyst in the Asset

Management & Advisory Services Department

Abdulrahman Al Azmiعبدالرحمن العازمي




Mohammad Al Baqshiمحمد البقشي

التحق بالعمل لدى بنك برقان بوظيفة مسؤول

وحدة المعالجة المركزية في مجموعة العمليات

المصرفيةhas joined Burgan Bank as a Central Processing

Unit Officer in the Banking Operations Group

Mohammad Al Ayyarمحمد العيار

التحق بالعمل لدى بنك برقان بوظيفة إداري متدرب


has joined Burgan Bank as a Trainee - Management in

Corporate Banking

Ali Al Mowmenعلي المؤمن

التحق بالعمل لدى بنك برقان بوظيفة محلل نظم

في إدارة نظم المعلومات

has joined Burgan Bank as a Systems Analyst in the IT

Department


Anil Welinkarأنيل ولينكار


نائب الرئيس في إدارة األصول و الخدمات االستشارية

has Joined URC as a Senior Vice President in the Asset Management & Advisory

Services Department

46

KIPCO PEOPLE

Newly Hired الموظفون الجدد Boutheina Mansouri

بثينة منصوري

التحقت بالعمل لدى شركة العقـارات المتحـدة بــوظيفة اختصاصي مبيعات والتأجير في إدارة المبيعات و التأجير

has Joined URC as a Sales & Leasing Specialist in the Sales

& Leasing Department

Dana Al Fulaijدانه الفليج

التحقت بالعمل لدى شركة العقارات المتحدة بوظيفة

محلل مالي أول في إدارة تطوير األعمال

has Joined URC as a Senior Financial Analyst in the Business Development

Department

Hawa Ismailحواء إسماعيل


منسق إداري في إدارة الموارد البشرية

has Joined URC as an Office Coordinator in the HR

Department

Layal El Boustanyليال البستاني


منسق إداري في إدارة المبيعـات والتــأجير

has Joined URC as an Office Coordinator in the Sales and

Leasing Department

Nauman Shaikhنعمان شيخ

التحق بالعمل لدى شركة العقارات المتحدة بوظيفة نائب الرئيس في إدارة نظم

المعلومات

has Joined URC as a Vice President in the Management

Information Systems Department

Sarah Romdhaniساره رمضاني


منسق إداري في إدارة التسويق و اإلعالم

has Joined URC as an Office Coordinator in the Marketing & Corporate

Communications Department

Shruti Vijشروتي فج


مساعد نائب رئيس في إدارة الموارد البشرية

has Joined URC as an Assistant Vice President in the

HR Department

Ahmed El Tebiأحمد الطيبي


مسؤول مبيعات والتأجير في إدارة المبيعات والتأجير

has Joined URC as a Sales and Leasing Executive in the Sales

& Leasing Department

Susan Menezesسوسان مينيزس


منسق إداري في إدارة تطوير األعمال

has Joined URC as an Office Coordinator in the Business Development Department

Zainab Abdulhaleemزينب عبد الحليم


منسق إداري في إدارة األصول و الخدمات االستشارية

has Joined URC as an Office Coordinator in the Asset Management & Advisory

Services Department

Mohammad Al Sabahمحمد الصباح

التحق بالعمل لدى شركة كيبكو بوظيفة ضابط

متدرب في إدارة اتصاالت الشــركــات

has joined KIPCO as a Trainee Officer in the Corporate

Communications Department

Dalal Al Hasanدالل الحسن

التحقت بالعمل لدى شركة كيبكو بوظيفة ضابط

قانوني في إدارة التكنولوجيا و اإلعالم

has joined KIPCO as a Legal Officer in the Technology &

Media Department

46



Ashraf Abdellatifأشرف عبد اللطيف

التحق بالعمل لدى شبكة أوربت شوتايم بوظيفة

موظف مبيعات

has joined OSN as a Direct Sales Executive

Mohamed Tahaمحمد طه




Medhat Youssefمدحت يوسف




Tamer Solimanتامر سليمان




Marina Botrousمارينا بطرس

التحقت بالعمل لدى شبكة أوربت شوتايم بوظيفة


has joined OSN as a Telesales Agent

Ahmed Nidahأحمد نيداه




Caroline D’Souza كارولين دسوزا

التحقت بالعمل لدى شركة كيبكو بوظيفة سكرتيرة

تنفيذية في إدارة التكنولوجيا و اإلعالم

has joined KIPCO as an Executive Secretary in

the Technology & Media Department

Mohamed Essmatمحمد عصمت




Hassan Osmanحسن عثمان



has joined OSN as a Telesales Agent

Mohamed Sobhyمحمد صبحي

التحق بالعمل لدى شبكة أوربت شوتايم بوظيفة فني

ميداني في إدارة عمليات العمالء

has joined OSN as a Field Technician in the Customer Operations Department

Alaa Abo Atiehعالء أبو عطية




Sanaa Al Halabiسناء الحلبي

التحقت بالعمل لدى شركة القرين لصناعة الكيماويات

البترولية بوظيفة مدير مكتب في اإلدارة العليا

has joined Qurain Petrochemical Industries Company as an Office

Manager in the Top Management

KIPCO PEOPLE


45

Mohamed Aliمحمد علي

التحق بالعمل لدى شركة القرين لصناعة الكيماويات البترولية بوظيفة مسؤول تكنولوجيا المعلومات في

إدارة الموارد البشرية والشؤون اإلدارية وتكنولوجيا المعلومات

has joined Qurain Petrochemical Industries

Company as an IT Officer in the HR, Admin & IT Department

Noura Madaciنوره مداسي

التحقت بالعمل لدى شركة القرين لصناعة الكيماويات

البترولية بوظيفة مسؤول أول موارد بشرية في إدارة الموارد

البشرية والشؤون اإلدارية وتكنولوجيا المعلومات

has joined Qurain Petrochemical Industries Company as a Senior HR Officer in the HR, Admin &

IT Department

Mickey Zachariaميكي زكريا

التحق بالعمل لدى شركة القرين لصناعة الكيماويات

البترولية بوظيفة رئيس إدارة االستثمار في إدارة االستثمار


Company as a Head of Investments in the

Investments Department

Shailendra Mohanشاليندرا موهان


البترولية بوظيفة محلل استثمار أول في إدارة

االستثمار has joined Qurain

Petrochemical Industries Company as a Senior

Investment Analyst in the Investments Department

Ahmed Abdul Rasoulأحمد عبد الرسول


البترولية بوظيفة رئيس إدارة الموارد البشرية والشؤون

اإلدارية وتكنولوجيا المعلومات

has joined Qurain Petrochemical Industries Company as a Head of HR, Admin & IT Department

Nabil Fayedنبيل فايد

التحق بالعمل لدى شركة القرين لصناعة الكيماويات البترولية

بوظيفة مدير الشؤون اإلدارية في إدارة الموارد البشرية والشؤون اإلدارية وتكنولوجيا المعلومات


Company as an Administrative Affairs Manager in the HR, Admin & IT Department

Ali Ben Amroعلي بن عمرو

التحق بالعمل لدى شركة القرين لصناعة الكيماويات البترولية بوظيفة مندوب في إدارة الموارد البشرية

والشؤون اإلدارية وتكنولوجيا المعلومات


Company as a Messenger in the HR, Admin & IT Department

Mary Roseteماري رووسيتي

التحقت بالعمل لدى كيك آند بيك بوظيفة بائعة في إدارة

المبيعات

has joined Cake & Bake as a Sales Representative in the

Sales Department

Roslyn Jordanروزلين جوردان


المبيعات


Sales Department

Mohammed Shaikhمحمد شيخ

التحق بالعمل لدى كيك آند بيك بوظيفة عامل 3 في

قسم اإلنتاج

has joined Cake & Bake as a Commis 3 in the Production

Department

Airene Santiagoايريني سانديجو


المبيعات


Sales Department

Michelle Madayagميشيل ماديانج


المبيعات


Sales Department



44

Jolly Abuanجولي ابوان




Department

Feb Layosفيب اليوس




Department

Samer Zahedسامر زاهد

التحق بالعمل لدى كيك آند بيك بوظيفة مدير فرع في

إدارة المبيعات

has joined Cake & Bake as a Branch Manager in the Sales

Departement

Elena Lamintaoالينا المينتو


المبيعات


Sales Department

Shalimar Paredesشيالمار باريديس


المبيعات


Sales Department

Marvin Bautistaمارفن باتستا




Department

Candy Zamoraكاندي زامورا

التحقت بالعمل لدى كيك آند بيك بوظيفة متخصصة

تغذية في قسم اإلنتاج

has joined Cake & Bake as a Dietician/Nutritionist in the

Production Department

Gladys Cabahugجالديس كابهوج

التحقت بالعمل لدى كيك آند بيك بوظيفة مصمم جرافيك في قسم اإلنتاج

has joined Cake & Bake as a Graphic Designer in the Production Department

Meragel Buenaventuraمارجيل بينافينترا


المبيعات


Sales Department

Rosemarie Davidروزماري ديفيد

التحقت بالعمل لدى كيك آند بيك بوظيفة عاملة 2 في



Department

Cherrylyn Joyceشيريلين جويس


المبيعات


Sales Department

Efril Otillaايفريل اوتيال


المبيعات


Sales Department


KIPCO PEOPLE

43

Husam Al Qarooniحسام القاروني

التحق بالعمل لدى شركة الخليج للتأمين بوظيفة

مدير منطقة في إدارة الفروع الداخلية

has joined GIC as an Area Manager in the Internal Branches Department

Mohamed Al Mahalaweمحمد المحالوي


رئيس قسم التقارير المالية و االلتزام الرقابي في إدارة

الماليةhas joined GIC as a Section Head - Financial Reporting

& Compliance in the Finance Department

Ahmed Al Khatibأحمد الخطيب

التحق بالعمل لدى شركة الخليج للتأمين بوظيفة محلل مالي أول في إدارة

العمليات اإلقليمية

has joined GIC as a Senior Financial Analyst in the Regional Operations

Department

Rawan Al Baghliروان البغلي

التحقت بالعمل لدى شركة الخليج للتأمين بوظيفة

مسؤول عالقات عامة أول في إدارة االتصال المؤسسي

وعالقات المستثمرين has joined GIC as a Senior

Public Relations Officer in the Corporate Communications

& Investors Relations Department

Lovely Izonلوفلي ايزون


المبيعات


Sales Department

Jefferson Aragoجيفيرسون اراجو

التحق بالعمل لدى كيك آند بيك بوظيفة ارتست/ فنان

في قسم اإلنتاج

has joined Cake & Bake as a Chef De Partie (Artist) in the


Roberto Menesesروبيرتو مينيسيس

التحق بالعمل لدى كيك آند بيك بوظيفة ارتست/ فنان

في قسم اإلنتاج

has joined Cake & Bake as a Chef De Partie (Artist) in the


Mira Ignacioميرا اجناسيو


المبيعات


Sales Department

Karizza Dalmacioكريزا دالمكاو

التحقت بالعمل لدى كيك آند بيك بوظيفة مصممة

جرافيك في قسم اإلنتاج

has joined Cake & Bake as a Graphic Designer in the Production Department

Glaiza Labutanجليزا البوتان


المبيعات


Sales Department

Sayed Hashem Ltif Noorسيد هاشم سيد لطيف

التحق بالعمل لدى كيك آند بيك بوظيفة مندوب في إدارة

الموارد البشرية والشـــؤون اإلدارية

has joined Cake & Bake as a Messenger in the HR &

Admin Department

Pavneet Sachdeva بافنيت ساتشديفا

التحقت بالعمل لدى مركز المعرفة بلسر بوظيفة

محلل بحوث في مجموعة االستشاريــة التجاريـة

has joined Pulsar Knowledge Centre as a Research Analyst

in the Business Advisory Group

42


Sanjiv Kunjanسانجيف كونجان


مساعد مدير فني في إدارة وحــدة التأميــن التكافلي

has joined GIC as an Assistant Technical Manager in Al Takaful Insurance Unit

Hend Amerهند عامر

التحقت بالعمل لدى شركة الخليج للتأمين بوظيفة

مدقق داخلي في إدارة التدقيق الداخــــلـي وضمان

الجودةhas joined GIC as an Internal Auditor in the Internal Audit

Department

Ayman Abdallaأيمن عبداهلل

التحق بالعمل لدى شركة الخليج لتأمينات الحياة

بوظيفة مسؤول طبي أول في (KPC) إدارة تعويضات الطبي

has joined GLIC as a Senior Medical Officer in the Medical

Claims KPC Department

Mohamed Attiaمحمد عطية


بوظيفة مساعد مدير في (KPC) إدارة الموافقات الطبية

has joined GLIC as an Assistant Manager in the Medical Approvals KPC

Department

Mohamed Elshamandyمحمد الشمندى

التحق بالعمل لدى شركة الخليج للتأمين بوظيفة استشاري تأمين في إدارة

اإلنتاج

has joined GIC as an Insurance Advisor in the Production Department

Feryal Faresفريال فارس

التحقت بالعمل لدى شركة الخليج للتأمين بوظيفة استشاري تأمين في إدارة

اإلنتاج


Amjad ElGhandourأمجد الغندور


اإلنتاج


Mohamed Faridمحمد فريد


اإلنتاج


Wahed Ahmedوحيد أحمد


اإلنتاج


Jim Thomasجيم ثوماس


اإلنتاج


Ossama Elsayedأسامه السيد


بوظيفة مندوب في إدارة تأمينات الحياة والصحي

الفرديhas joined GLIC as a Representative in the

Individual Life & Health Insurance Department

Dalal Al Shammariدالل الشمري

التحقت بالعمل لدى شركة الخليج لتأمينات الحياة

بوظيفة مساعد إدخال بيانات في إدارة تأمينات الحياة

والصحي الفرديhas joined GLIC as a Data

Entry Assistant in the Individual Life & Health Insurance Department


Documents

GIC… 50 years of success