Abdullah Al-Langawy

KUWAIT: Ahli United Bank (AUB) announced yesterday that it has won the coveted 'Most Innovative Strategic Domestic Treasury in Kuwait 2018' award from International Finance Magazine (IFM), one of the region's top tier publications focusing on financial services across the Middle East. The award reflects the Bank's overall vision in adopting the most innovative practices across the banking sector in Kuwait. Richard Groves, AUB's CEO commented on the award, "We are delighted to win this prestigious award which reaffirms our leadership position in providing the most innovative solutions that have been tailored to our customers in a diversified and competitive marketplace. This award further cements our continued innovation in delivering Treasury solutions for our customers. AUB's Treasury department has been awarded the highest ratings and overall performance in recognition of key core primary competencies along with the Bank's success achieved during 2017/2018. Treasury has also provided tailored and specialized financial solutions which have directly contributed to the growth of our customer base and our business generally.

Groves commended the Treasury Department at AUB under the leadership of Abdullah Al-Langawy. He stressed that the team's spirit and strong commitment is a primary element to the department's success.

Abdullah Al-Langawy, AUB's Deputy General Manager Treasury, also noted, "The Treasury Department has strengtheneed the Bank's core financing capabilities by diversifying and expanding its financial commitments to ensure that it has a solid base for liquidity in line with local regulatory requirements.

Al-Langawy added, "This award reaffirms the Bank's efforts in providing a host of reputable services that are in line with our customers' expectations and needs. It also underscores our excellent team's capabilities in Treasury related services.