Abdullah Al-Turkiet: Enhancing Investment Sector Competitiveness and Contribution
Abdullah Al-Turkiet reaffirms strengthening the Union's role in the national economy through the 2024-2027 strategy.
Translated by Qiyas from الراي — Original source
The Investment Companies Association held its Ordinary General Assembly meeting for the fiscal year ending on December 31, 2025, alongside an Extraordinary General Assembly meeting, last Wednesday, at the Association’s headquarters, with representatives of member companies in attendance.
In his speech during the meeting, Chairman Abdullah Al-Turkitt emphasized the Association’s commitment to building upon its past achievements and looking ahead to the next phase with a conscious vision grounded in accumulated expertise and aligned with developmental requirements. This approach aims to strengthen its position as an effective professional umbrella representing member companies, reflecting their aspirations, and contributing to the development of the investment sector and enhancing its contribution to the national economy.
He clarified that the Association’s strategy for the period 2024–2027 is based on four main pillars: communication, cooperation, positive media influence, and development and training. These pillars form the framework for the Association’s action plans and initiatives, thereby strengthening its institutional presence and the effectiveness of its role in matters related to the investment sector, while keeping pace with economic changes and developments in financial markets.
Al-Turkitt noted that in 2025, the Association strengthened its institutional engagement with government and regulatory bodies through official meetings and visits. Key entities included the Ministries of Commerce and Industry, Finance, and Justice; the Capital Markets Authority; the Public Authority for Combating Corruption; the Kuwait Stock Exchange; the Kuwait Chamber of Commerce and Industry; the Kuwait Financial Intelligence Unit; the Competition Protection Authority; and other relevant entities.
He affirmed that the Association is keen on developing relations with embassies, diplomatic missions, and economic and investment entities in several countries. This enhances its role as a bridge between Kuwaiti companies and external economic and investment institutions, expanding cooperation opportunities for member companies.
In the field of development and training, the Investment Studies Center, the Association’s training arm, continued its role in developing professional and national competencies. In 2025, it delivered a total of 109 training activities, workshops, seminars, and lectures, benefiting over 1,789 participants.
On the media front, the Association enhanced its efforts to highlight the role of investment companies and their contribution to the national economy, as well as to raise awareness of economic and investment issues. This was achieved through its media and awareness activities and the quarterly publication of "The Investor" magazine, which serves as a specialized knowledge platform to shed light on financial market developments, legislative and regulatory issues, and professional best practices.
The General Assembly reviewed the administrative report for the fiscal year ending on December 31, 2025, the auditor’s report, the balance sheet, and the final accounts, along with other items on the agenda.
The meeting also saw the appointment of Issa Al-Husawi as an alternate member of the Association’s Board of Directors for the current term (2024–2027). This supports the continuity of the Board’s work and its efforts to achieve the Association’s strategic objectives, while enhancing its role in representing the investment sector and the interests of member companies.
Al-Husawi serves as Vice Chairman and Chief Executive Officer of Kufpec Investment, one of the Association’s member companies. He possesses over 20 years of professional experience in the financial and investment services sector, along with distinguished executive and leadership expertise gained through holding various senior positions in financial and investment institutions.
At the conclusion of the meeting, Al-Subaie emphasized that the trust and continuous support of member companies constitute a fundamental pillar for continuing the Federation’s progress and enhancing its role. He reaffirmed the Federation’s commitment to mobilizing all its resources and expertise to support national efforts aimed at developing the business environment, expanding the role of the private sector in economic development, and consolidating the position of the investment sector as an active partner in the development process, in alignment with the objectives of the “Kuwait 2035” vision.
