Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- NBK Group appoints Al Sager as CEO, Shaikha Al Bahar as Deputy  Join our daily free Newsletter

MENAFN - Arab Times - 17/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) The Board of Directors of National Bank of Kuwait (NBK) Group has appointed Isam Jasem Al Sager as NBK Group Chief Executive Officer, succeeding Ibrahim Shukri Dabdoub who will retire effectively following the Bank's General Assembly Meeting. The Board of Directors has also appointed Shaikha Khaled Al Bahar as the Deputy Group CEO. Al Sager is currently NBK's Deputy Group CEO, a position he held since 2010. He also held the position of NBK Kuwait CEO between 2008 and 2010 after being appointed as NBK Kuwait Deputy CEO in 1998.



Prior to that, Al Sager held a range of managerial positions as the General Manager of Retail and Wholesale Banking Group since 1992 and Head of Domestic Credit and Marketing in 1987. Shaikha Al Bahar is currently NBK Kuwait CEO, she was appointed to that position in 2010. Prior to that, she was NBK Kuwait Deputy CEO between 2008 and 2010 and held several managerial positions including the General Manager of Corporate Banking Group since 2003.



NBK Group CEO Ibrahim Dabdoub has decided to retire following the Bank's next General Assembly Meeting. Dabdoub's successful career at NBK extends for over 53 years, of which 30 years at its helm. Dabdoub has successfully led the bank to becoming one of the leading financial institutions in the Middle East with operations in 16 countries and total assets of USD 66 billion, while maintaining its ranking among the world's safest banks with the highest credit ratings in the Middle East. Dabdoub will continue to serve the bank as an advisor to the Board of Directors. NBK's Board of Directors stressed that NBK will continue with its current strategy strengthening its leading position both locally and regionally, building on its strong reputation and long track record of solid performance and remarkable achievements.



The Board of Directors said that the appointment of Isam Al Sager and Shaikha Al Bahar is testimony to the stability of NBK's management team and reflects the bank's successful succession planning. The Board of Directors has confirmed its complete confidence in Al Sager and Al Bahar and extended its full support for them to achieve the bank's future ambitions and create value for its shareholders



The Board of Directors also extended its sincere appreciation to Dabdoub for his contribution to NBK's success during his 30 years term as the Group CEO transforming the bank into a well-established regional institution

 


Arab Times




  MENA News Headlines
 Oct 23 2014 - Kuwait- Equates wins two regional sustainability awardsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's EQUATE Petrochemical Company has won two regional sustainability awards in recognition for its social responsibility and national cadres' skills ...

 Oct 23 2014 - Moroccan horse showThe Peninsula
(MENAFN - The Peninsula) Moroccan horsemen perform during the 7th edition of the "Salon du Cheval" (horse show) in the port city of El Jadida. ...

 Oct 23 2014 - Kuwaiti Jazeera Airways net profit up 22.6 percent in Q3MENAFN
(MENAFN) Kuwait-based Al Jazeera Airways group announced it has registered USD28 million in net profit for the July-September period of this year, an increase by 22.6 percent compared to the same ...

 Oct 23 2014 - Qatar- Lekhwiya defeat Al Wakra, Wolves heldThe Peninsula
(MENAFN - The Peninsula) Lekhwiya defeated Al Wakra 2-0 at their home ground here yesterday while Al Sadd were held 1-1 by Al Sailiya.Vadimir Weiss scored in the 68th minute for Lekhwiya and Ahmed ...

 Oct 23 2014 - Ooredoo Kuwait net profit falls by almost half in Q3MENAFN
(MENAFN) Ooredoo Kuwait, the country's No.3 telecom operator by subscribers, announced that its net profit fell by nearly half during the July-September period, Gulf Business reported.The ...

 Oct 23 2014 - Coach asks Qatar to give it all against DPR KoreaThe Peninsula
(MENAFN - The Peninsula) Qatar's coach Felix Sanchez Bas has called on his players to give their all one-last time ahead of today's AFC U-19 Championship final against three-time winners DPR Korea. ...

 Oct 23 2014 - Qatar- Handball: Doha gears up for Asian Club LeagueThe Peninsula
(MENAFN - The Peninsula) Defending champions Al Jaish - thanks to the draw - have managed to avoid a meeting with local opponents Lekhwiya and Al Gharafa in the group stage of the 17th Asian Clubs ...

 Oct 23 2014 - QIMC posts USD38.88m net profit in SeptemberMENAFN
(MENAFN) Qatar Industrial Manufacturing Company (QIMC) revealed the interim financial statements for the period ending in September 30, this year, QNA reported.The interim financial statements ...

 Oct 23 2014 - Qatar will deliver an impressive 2022 World Cup, says BrescianoThe Peninsula
(MENAFN - The Peninsula) Australian midfielder Mark Bresciano is confident that Qatar will deliver an 'impressive' World Cup eight years down the line.Bresciano, who has been playing for the last two ...

 Oct 23 2014 - Qatar- QP hosts team from Kuwait Oil CompanyThe Peninsula
(MENAFN - The Peninsula) Qatar Petroleum (QP) recently hosted a delegation from Kuwait Oil Company (KOC) who visited Qatar to gain insights on QP's marine activities and port operations.Mubarak ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help