The State of Kuwait belongs to the three largest trading partner of the United Kingdom in the Gulf region with a trade exchange between of about 3.59 billion U.S. dollars. In order to strengthen bilateral relations, the Amir of Kuwait has made a visit to the UK at the invitation of Her Majesty Queen Elizabeth II.
Richard Thomas, CEO of Gatehouse Bank, was awarded the OBE (Order of the British Empire) in the recent Birthday Honours list of Queen Elizabeth II on behalf of the UK Government. Thomas becomes the first UK royal award for civic excellence in Islamic finance.
Fahed Boodai, Kuwaiti chairman of Gatehouse Bank, stated that this recognition is honoring his leading contribution to the development of Shariah-compliant financing over the past 30 years.