Up to 70% Kuwaitization in upper and middle management jobs in Banks by the end of June

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Up to 70% Kuwaitization in upper and middle management jobs in Banks by the end of June

Wednesday, April 14, 2021
Up to 70% Kuwaitization in upper and middle management jobs in Banks by the end of June

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.

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Express your comment on this article

 
Erny
Monday, April 19, 2021
"Upper & Middle Management Jobs"

I might sound sarcastic here, Excuse me for that but just needed to express an honest side to it.

Most employees in these positions use the words FYI & FYA. So they think these positions are easily replaceable.
Real challenge is to replace non managerial staff where the work gets done.

Imran
Saturday, April 17, 2021
They are texting the talents of Kuwaiti citizens and slowly asking expat to leave country.

Siddharth
Friday, April 16, 2021
70% is a joke!! It''s the prerogative of any nation to develop and encourage it''s human capital.Thrre are talents no doubt but not enough to justify CBKs current directive. Most local banks already have a ''non-kuwaiti annexe '' firms (mostly IT staff ) setup to bypass previous rulings..Looks like they will extend this tactic in other areas!

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