AUK and KIB Sign Memorandum of Understanding to Drive Innovation and Student Development

AUK and Kuwait International Bank (KIB) signed a landmark Memorandum of Understanding (MOU) aimed at fostering innovation and accelerating student development through collaborative efforts through KIB’s Human Intelligence (HI) Innovation Program. The MOU was signed by Dr. Rawda Awwad, AUK president; and Mr. Mohamed El-Shareef, General Manager of Digital Innovation and Data Intelligence Department at KIB. 

This collaboration is designed to foster student innovation and provide AUK students with meaningful opportunities to apply their academic skills in real-world environments. A key focus of the partnership is the participation in HI Innovation Program, led by KIB with support from a globally renowned consultant, where students can engage with industry experts to develop innovative solutions in the financial sector. 

Dr. Rawda emphasized the significance of this partnership, stating, "At AUK, we are committed to equipping our students with the skills and opportunities they need to succeed. This collaboration with KIB not only offers valuable hands-on experience but also opens doors for future career prospects in one of Kuwait’s leading financial institutions."

Through the MOU, AUK will facilitate internship opportunities for its students with KIB, offering them hands-on experience in a renowned banking environment. In addition, KIB will consider students and graduates for future employment opportunities, based on their performance during these internships. 
 
On his part, Mr. El-Shareef said, "We believe in the importance of combining academic education with practical experience. Through this partnership with the American University of Kuwait for our HI Innovation Program, we aim to empower students to develop innovative solutions that address the rapidly evolving needs of the financial sector. We look forward to supporting the creative young generation eager to pursue careers in banking by providing them with opportunities to engage with industry experts and learn from real-world experiences that enhance their skills and open new career horizons."

Mr. El-Shareef added that the signing of this MoU marks a significant step in KIB's ongoing commitment to its comprehensive social responsibility strategy. It also reflects the Bank's dedicated efforts to support the education sector and its institutions, contributing to sustainable social and economic growth in Kuwait.

The HI Innovation Program collaboration will serve as a platform for future initiatives aimed at preparing the next generation of professionals and leaders in the financial and digital innovation sectors. By fostering a culture of creativity and critical thinking, both KIB and AUK aim to cultivate a workforce that can address future challenges and drive sustainable growth in Kuwait’s economy.
 

Dr. Rawda Awwad and Mr. Mohamed El-Shareef
    

Group photo of AUK and KIB members