Jordan Kuwait Bank has signed a one-year Memorandum of Understanding (MoU) with the King Abdullah II Fund for Development (KAFD) to launch development programs and projects that support and empower youth economically and professionally across Jordan’s governorates. The agreement was signed by His Excellency Abdul Fattah Al-Kayed, Director General of the Fund, and Haethum Buttikhi, CEO of Jordan Kuwait Bank.

The partnership aims to strengthen collaboration between the banking sector and civil society institutions to foster innovation and entrepreneurship. It will support skills development, as well as productive and entrepreneurial projects led by KAFD, opening new opportunities for youth to transform their ideas into viable businesses with tangible social and economic impact in local communities.

Commenting on the signing, CEO Haethum Buttikhi expressed pride in partnering with the King Abdullah II Fund for Development, describing it as an extension of the Bank’s national role in supporting sustainable development. He emphasized that empowering youth and nurturing their entrepreneurial ideas is a true investment in Jordan’s future. Buttikhi highlighted the importance of strategic partnerships that build individual capacities, generate economic and social impact, and align with the Bank’s mission, strategy, and corporate social responsibility to drive economic growth and create job opportunities.

For his part, Abdul Fattah Al-Kayed noted that the agreement aligns with the Fund’s vision to strengthen cooperation with the public and private sectors to launch impactful development programs across Jordan. He added that the MoU will provide direct support to young people with innovative ideas, enabling them to establish their own businesses and promoting a culture of self-employment.

This initiative reflects Jordan Kuwait Bank’s ongoing commitment to supporting local community and empowering Jordanian youth, delivering sustainable value to society and the national economy.