Khaled AlShamlan Takes Helm as KFH Group CEO
People | Jan 12, 2025 | Kuwait Finance House KSCP
Kuwait Finance House (KFH) has selected Khaled Yousef AlShamlan as its new Group Chief Executive Officer. His appointment, ratified by the Central Bank of Kuwait, underscores KFH's commitment to nurturing local talent by promoting their workforce through strategic leadership development. AlShamlan, who has been serving as the CEO for KFH-Kuwait since August 2023, boasts over 27 years of experience in the banking industry and has held various key positions within KFH. His appointment aligns with KFH's strategic focus on digital transformation and global expansion. AlShamlan was instrumental in the digital transformation during a merger process, enhancing KFH's market share and aiding in the acquisition and conversion of Ahli United Bank to Sharia compliance. AlShamlan holds a bachelor's degree in economics and several professional accreditations, coupling his practical experience with specialized training from reputable institutions.
Sectors
- Banking and Financial Services
Geography
- Kuwait – Kuwait is the base of operations for Kuwait Finance House, the company appointing the new Group CEO.
- Middle East – Kuwait Finance House operates extensively in this region, and the new leadership role could impact its strategic initiatives across Middle Eastern markets.
Industry
- Banking and Financial Services – The article discusses a leadership change in Kuwait Finance House, a prominent player in the banking and financial sector, focusing on growth, digital transformation, and strategic acquisitions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Khaled Yousef AlShamlan | Group CEO | People | Appointed as Group CEO of Kuwait Finance House, previously CEO of KFH-Kuwait, with a long tenure and extensive banking experience. |
| Kuwait Finance House (KFH) | Employer/Company | Company | A leading bank in Kuwait which has appointed a new Group CEO as part of its strategic leadership development efforts. |
| Ahli United Bank | Acquired Company | Company | Acquired and converted by Kuwait Finance House to comply with Sharia principles under Khaled AlShamlan's leadership. |
| Central Bank of Kuwait | Regulatory Approver | Government | Provided approval for the appointment of the new Group CEO at KFH. |