KUWAIT: ABK Capital, the investment arm of Al-Ahli Bank of Kuwait (ABK), announced the appointment of Ali Abdulmohsen Al-Fulaij as the company’s Deputy Chief Executive Officer starting Nov 12, 2023.
On this occasion, Dr Husayn Shahrur, CEO of ABK Capital, said: "The appointment of Ali Al-Fulaij will add value and leadership experience to the company’s management team. He will be instrumental in boosting the company’s performance and achieving its goal of becoming one of the leading investment companies in the State of Kuwait.”
The appointment of Al-Fulaij comes as part of an integrated transformation plan, within the framework of the Al Ahli Bank of Kuwait Group, focusing on investing in human capital and expertise, leveraging the customer experience and the investment solutions platform, and developing the company’s systems infrastructure. Al-Fulaij said: "I am delighted to be on board.
In my tenure, I will leverage my experience to add value to ABK Capital’s management team and work towards accelerating the ascension of ABK Capital to becoming one of the top investment firms in the region by enhancing the company’s distinguished services, products and global partnerships. We will also strive to increase our client base, enrich their experience in managing their wealth and enable them to make well-informed investment decisions.”
Al-Fulaij has almost 24 years hands-on experience in the local and Arab markets, and has held many leadership positions in investment companies and banks, such as Rasameel, Global Investment House (Global), and Gulf Bank. He also served as a board member in a group of companies and investment funds in Kuwait and Saudi Arabia.
Al-Fulaij holds a degree from the University of Leeds in the United Kingdom and is a Certified Wealth Manager from the American Academy of Financial Services. ABK Capital is a leading regional investment firm, providing asset management solutions and investment advisory services. Since its establishment in 2006, ABK Capital, the Investment Arm of Al-Ahli Bank of Kuwait (ABK), has built a business model that places clients’ interests at the top of its priorities. ABK Capital remains committed to fostering close long-term relationships with its clients and strives to meet their investment needs.
With a team of highly experienced investment professionals, ABK Capital pursues to strengthen its position as one of the leading investment companies in Kuwait. It delivers a wide range of products, services, and investment solutions, tailored to meet its clients’ specific goals. The company’s offerings cover traditional and alternative asset classes, and provide an easy and convenient access to local, regional, and global markets. ABK Capital seeks partnerships with leading regional and global asset managers to leverage their resources in delivering the performance investors seek and to provide the most appropriate investment solutions.