Kuwait Finance House Bahrain (KFH-Bahrain) has announced the resignation of Abdulhakeem Alkhayyat from his position as managing director and chief executive.
Mr Alkhayyat has served in this role for more than 20 years and his departure marks the culmination of an era characterised by giving, excellence and growth, a statement said.
Mr Alkhayyat has been instrumental in propelling KFH-Bahrain to new heights, establishing the bank as a leading player in the Islamic banking sector. His contributions to support the board of directors’ strategic vision resulted in achieving the well-deserved distinction for KFH-Bahrain through diversity in services and businesses.
A seasoned professional with a wealth of experience in the banking sector, Mr Alkhayyat has been a driving force behind numerous achievements within KFH-Bahrain and the broader industry, as well as enhancing competition between banks.
He and his team played a pivotal role in launching many banking services, including long term mortgage finance such as the lease-to-own product, which enabled citizens to own their homes.
The chairman and members of the board of directors thanked Mr Alkhayyat for his efforts and dedication throughout his service and his high level of professionalism, which contributed to KFH-Bahrain assuming the prestigious position it deserves in Bahrain.
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