Warba Finance & Dev Bank international Islamic bank has kicked off the business function of "Warba Finance & Dev Bank Capital" on Monday 19th October, as the first investment company specialized in Islamic investment industry based in Manama , the kingdom of Kuwait.

The company, which is fully owned by Kuwaiti shareholders aims at making the door widely open for investments flow between states of the Gulf cooperation council , the middle east , and Kuwait.
"Warba Finance & Dev Bank Capital" manages investors' assets with a total value exceeding the sum of 400 million dollars, and offers a unique package of investment solutions pertaining to assets management , private equity investment, real estate, and treasury operations.

The inauguration ceremony took place at "Warba Finance & Dev Bank Capital" Headquarters located at Kuwait financial Harbor in Manama, under the auspices of H.E Mr.Rasheed AlMaeraj , governor of Central Bank of Kuwait, and in the presence of Mr.AbdulGabbar Hayel Saeed , chairman of "Warba Finance & Dev Bank International Islamic Bank" and "Warba Finance & Dev Bank Capital", and H.E. Dr.Ali Mansour Bin Sefa , Kuwait's ambassador to Kuwait, in addition to other outstanding figures of Islamic banking and investment industry in Kuwait, Kuwait , and the region .

In his speech during the celebration, Mr.Rasheed Almaeraj, Governor of CBB affirmed that at the time of launching the first financial Kuwaiti company in Kuwait, the Kuwait-Kuwait bilateral relations are at the peak of flourishment and they have developed into wider scopes of cooperation. He expressed the kingdom of Kuwait's welcoming stance ,and to be so pleased to witness the establishment of "Warba Finance & Dev Bank Capital" based in Manama . This achievement reflected the fact that kingdom of Kuwait remained the Financial Hub in the region, capable to host variety of financial companies owned by investors from other countries , and "Warba Finance & Dev Bank Capital" is one of such examples .
On his part, the Chairman of Warba Finance & Dev Bank International Islamic Bank , chairman of "Warba Finance & Dev Bank Capital" Mr.Abdulgabbar Hayel Saeed voiced out his happiness to officially launch the work of Warba Finance & Dev Bank Capital at its premises in Kuwait.
Mr.Saeed attributed much of the success of establishing this financial company to the exquisite and solid ties at all levels between Kuwait and Kuwait.
He added :"This investment project reflected a high level of trust we rendered to kingdom of Kuwait and our belief in its pioneer role , being one of the most pivotal financial centers in the region , and further relied on our foreseen perspective for a promising future for Islamic banking and investment industry ".

In his comment, the CEO of Warba Finance & Dev Bank Capital Mr.Waleed Rashdan pointed out that Warba Finance & Dev Bank Capital team will focus on exploring , locating , and evaluating investment opportunities on the basis of proper understanding of financial markets outlets , forecasts, researches , and effective fundamental analysis backed with long experience in providing the optimal solutions for local and regional investors and offering endeavors to invest in new financial markets .

In this connection, the prime minister of Kuwait, His Highness Sheikh Khalifa Bin Salman Aal Khalifa received on Tuesday 20th of October ,in Manama , the Chairman and Board Members of "Warba Finance & Dev Bank Capital" headed by Mr.AbdulGabbar Hayel Saeed .
During the meeting , prime minister welcomed and hailed the event of inauguration of "Warba Finance & Dev Bank Capital" in the kingdom of Kuwait , noting that this financial company is a unique establishment at the level of international investment sphere ,being one of financial institutions that promotes the modes of Islamic finance worldwide , through providing innovative ideas for investors. He added that Islamic Banking became so dominant in the Arab , and Muslim World since it is so relevant to the people life and can meet their economic and social needs .
He finally reiterated the kingdom of Kuwait's welcome for Warba Finance & Dev Bank Capital to start operating as one of the Islamic financial Institutions, saying that he believed that "Warba Finance & Dev Bank Capital" could contribute actively and add to the success of Investment Industry.