Sheikh Mohammed Jarrah Al-Sabah joins meeting with Lebanese Prime Minister Nawaf Salam
A delegation from the Union of Arab Banks visited the Prime Minister of Lebanon, Judge Dr. Nawaf Salam, at the Grand Serail of Beirut on the afternoon of Friday, 28 November 2025, following the conclusion of the Union’s General Assembly meeting.
The delegation included Sheikh Mohammed Jarrah Al-Sabah, Chairman of Kuwait International Bank (KIB) and a Board Member of the Union of Arab Banks, representing the state of Kuwait, Dr. Joseph Torbey, the Chairman of the World Union of Arab Bankers’ Executive Committee, Adnan Al-Ismail, member of the Board of the World Union of Arab Bankers representing the United Arab Emirates, and Dr. Wissam Fattouh, Secretary-General of the Union of Arab Banks.
During the meeting, the Lebanese Prime Minister praised the role of the Union of Arab Banks in supporting the banking sector and strengthening cooperation among financial institutions across the Arab world. He commended the Union’s efforts to foster constructive dialogue between the public and private sectors and to contribute to advancing economic stability and growth.
The delegation also briefed the Prime Minister on the Union’s key activities and its program for the coming period, as well as the objectives of the 2025 Arab Banking Conference and the role expected of the banking sector in supporting economic recovery plans, attracting investment, and expanding growth opportunities across the region.
For his part, Al-Jarrah expressed the Union’s appreciation to Prime Minister Salam for the warm reception, affirming the Union’s commitment to strengthening cooperation and working hand in hand to develop the legislative and banking environment in a way that supports financial stability and promotes sustainable development.
Background Information
Kuwait International Bank
KIB a bank that operates according to the Islamic Shari’ah from 1st of July 2007, is a public quoted company. It was incorporated in 1973 and was originally known as the Kuwait Real Estate Bank.
As an Islamic bank, KIB’s business covers all banking services including Acceptance of Deposits, Financing Transactions, Direct Investment, Murabaha (auto, real estate and commodities), Ijara Muntahia Bittamleek (Lease-to-own) , Istisna’a, Tawarruq, Credit Cards, Wakala and other products. Corporate projects and finance, Treasury Services, Issuing Letters of Credit (L/Cs), Letter of Guarantee (L/Gs) and Real Estate Dealings and Management of Properties.