– Kuwait Credit Bank (KCB) mourned, Monday, the passing of its founder and first managing director Abdulaziz Al-Dousari who managed the bank from 1960-1969.

Bank deputy chairman and managing director, Salah Al-Mudhaf, mentioned in statement that Al-Dousari proposed the idea of establishing the credit bank during his membership in the council of construction, which was then founded with a capital of 100 million rupees i.e KD 7.5 million (approx. USD 24.7 million).

Al-Mudhaf added that Al-Dousari also suggested the idea of the marriage loan, and paved the way for industrial and agricultural loans to further encourage productivity and support development.

Al-Dousari also played an integral role in spreading awareness in regards to savings, investments and contributing to architectural projects, as well as his role in developing trade and economic sectors in the country.

Source: Kuwait News Agency