Kuwait, 19 March 2025: KIB Invest, the investment arm of Kuwait International Bank (KIB), is honored to have sponsored the 20th Anniversary Ceremony of the Union of Investment Companies (UIC). This milestone event, held on March 18 at the Grand Hyatt Hotel, celebrated two decades of UIC’s contributions to the investment sector. It highlighted UIC’s role in empowering investment companies and fostering economic growth in Kuwait. As a dedicated member of UIC, KIB Invest remains deeply engaged in the organization’s initiatives, with representatives actively contributing to key UIC committees.

The UIC 20th Anniversary Ceremony brought together prominent executives, industry leaders, and key decision-makers from the investment, banking, and financial sectors. The event served as a platform to reflect on the organization’s history and its pivotal role in shaping Kuwait’s investment sector. Attendees explored the evolution of both local and global economies, discussing major financial and business milestones that have shaped the investment landscape.

Jamal Al Barrak, CEO of KIB Invest, said: “At KIB Invest, we are proud to be part of UIC’s journey in empowering investment companies and driving growth within the industry. Our active involvement in UIC’s initiatives and committees allows us to collaborate on new ideas and solutions that address the evolving challenges of the investment sector. Supporting important community events like the UIC 20th Anniversary is not just about celebrating milestones but about forging stronger partnerships and contributing to the broader development of the industry. We look forward to continuing our work with UIC to foster innovation, collaboration, and success for all investment firms in the region.”

For his part, Rakan Al Ahmad, KIB Invest’s Head of Investor Relations and Marketing, emphasized that “KIB Invest’s sponsorship of UIC’s 20th Anniversary demonstrates our commitment to fostering long-term relationships and collaborating to shape the future of the investment sector. The event showcased the collective efforts of all contributors to UIC’s success, and we are proud to celebrate this milestone. Through such strategic partnerships, we continue to strengthen our presence in the industry while supporting each other’s growth and development as part of the broader investment community.”

The UIC 20th Anniversary celebration featured a discussion panel with distinguished economists and industry experts to discuss the future of investments in Kuwait and the broader region. UIC also outlined its vision for the sector, emphasizing sustainability and its alignment with Kuwait’s Vision 2035. The event concluded with a recognition ceremony honoring former UIC chairmen, longstanding member companies, and firms recognized for their significant contributions to the Center for Investment Studies.

KIB Invest’s sponsorship of the UIC 20th Anniversary Ceremony underscores its commitment to fostering growth and collaboration within the investment sector. As a key player in Kuwait’s financial sector, KIB remains dedicated to driving initiatives that drive industry growth, developing and implementing forward-thinking solutions, and fostering strategic partnerships to strengthen the broader investment ecosystem.