In 2013, the Bank was appointed financial advisor to the government of Kuwait on the Al-Khairan Independent Water & Power Project, an ambitious initiative that the government prioritised as part of its national development strategy. The mandate included structuring, developing the contractual framework and running international tenders for a major thermal greenfield power generation and seawater desalination facility.

BNP Paribas worked on another financial advisory mandate from the government of Kuwait in the same year, for the Az-Zour North Phase 1 First Independent Water & Power Producer Project, expanding its presence in the critical power sector.

In addition, the Bank also participated in various sovereign bond issuances, contributing to the long-term financing of local economies, which is a commitment within BNP Paribas economic responsibility pillar.

Social responsibility: Pursuing a committed and fair human resources policy

The Bank is committed to fostering and providing a healthy work environment for its employees. A strong emphasis is applied to the attraction and retention of a diverse pool of talent, as well as the continued training and development of the Bank s existing staff. Diversity is also an important pillar of the human resources policy, ensuring that it reflects the markets in which the Bank does business and embraces differences in a fair and transparent manner.

Graduate development

Graduate Development Programme

In May of 2006, the Group s HR department launched a forward-looking initiative, which involved a team visiting three of the top universities in the Kingdom of Bahrain and selecting 15 students who had expressed interest in the new BNP Paribas Graduate Development Programme. The chosen students were offered a three-month work placement upon graduation, during which time they rotated through all the Bank s departments and sections, to help them identify business lines which they might be interested in joining. Matching their preferences with available opportunities, a number of students then received job offers in the Kingdom of Bahrain or elsewhere in the Gulf region. As part of the programme, each graduate was mentored by a member of the Management Committee. The Graduate Development Programme was later redeveloped and launched as the MEA Graduate Secondee Programme.

BNP PARIBAS YOUNG GRADUATE DEVELOPMENT PROGRAMME,

KINGDOM OF BAHRAIN, 2010

AZ-ZOUR INDEPENDENT WATER AND POWER PRODUCER (IWPP) PROJECT IN KUWAIT, 2010 (AL WATAN KUWAIT) THE DEVELOPMENT OF THE BNP PARIBAS YOUNG GRADUATE PROGRAMME IN THE GULF REGION, KINGDOM OF BAHRAIN, 2010 (AL SHAMS)

196 T H E H I S T O R Y O F B N P PA R I B A S I N T H E G U L F S TAT E S