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Up To 70% Kuwaitization In Upper And Middle Management Jobs In Banks By The End Of June

10:55 15 April 2021 Author :  

All local banks in Kuwait are given a deadline to make up to 70 percent Kuwiatization in upper and middle management jobs in the bank. According to local sources, the Central Bank of Kuwait issued a directive to submit a plan approved by the boards of directors that shows a clear path for achieving Kuwaiti nationals employed 70 percent in upper and middle management positions.

The Central Bank set a deadline for banks to submit their plans before the end of June.

The circular came within the framework of strategic endeavor to enhance national competencies in the banking sector at all job levels and its constant interest in developing job opportunities for Kuwaiti citizens.

Many expatriates, including Indians, are working in upper and middle management positions in local banks. With this new directive, Central Bank clarified that the Kuwaiti nationals must occupy 70% of all local banks' upper and middle management positions./aa

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