As part of the Bank's commitment to promote and appoint nationals to leadership positions

Kuwait, 16 January 2022: Gulf Bank announced the appointment of Mr. Mohammed Jassim AlBeloushi as Head of Compliance and Disclosure Unit. AlBeloushi started his new role on Wednesday, January 12th, 2022, following the approval obtained from the Capital Markets Authority.

This step was taken in keeping with Gulf Bank’s policy to promote and appoint nationals to leadership positions, an essential part of the Bank's 2025 strategy.

Albeloushi is a seasoned regulatory compliance expert with over 12 years of experience in the field, having worked at both the Central Bank of Kuwait and Gulf Bank. He holds a bachelor’s degree in Economics from Boston University and an MBA from Vanderbilt University, and has successfully completed an executive leadership development program with Harvard Business School in 2019. Mohammad also holds the ICA International Advanced Certificate in Regulatory Compliance in cooperation with the University of Manchester, as well as the CISI certificate in Capital Market Authority (CMA) Rules and Regulations.

Gulf Bank’s Compliance and Disclosure Unit works to ensure the Bank’s compliance with supervisory laws and regulations during all stages of implementation of banking operations, services and transactions, and while working with business departments in reviewing and developing new products and services in accordance with local laws.

The unit also works in identifying and evaluating the non-compliance risks facing the Bank and preparing plans and reports to the Board of Directors on the efficiency of the Bank’s management of these risks. In addition, the unit serves as a link between Gulf Bank, the Central Bank of Kuwait, the Capital Markets Authority, and the local stock exchange.

Gulf Bank's vision is to be the leading Kuwaiti Bank of the Future. The Bank is constantly engaging and empowering its employees as part of an inclusive and diversified workplace in recognition of every employee’s role in delivering customer excellence and serving the community at large. With its extensive network of branches and innovative digital services, Gulf Bank is able to give its customers the choice of how and where to conduct their banking transactions, all while ensuring a simple and seamless banking experience. Gulf Bank is committed to maintaining a robust sustainability program at the community, economic, and environmental levels through sustainability initiatives that are strategically selected to benefit both the country and the Bank. Gulf Bank supports Kuwait Vision 2035 “New Kuwait” and works with the different relevant parties to achieve it.