Quotes: 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
 May 5 2015 - Spring weather conditions forecast over next three daysJordan News Agency
(MENAFN - Jordan News Agency) A rise in temperatures is expected on Tuesday and the weather will be moderate in most parts of the Kingdom and warm in the Jordan Valley and Aqaba.According to the ...

 May 5 2015 - U.S led-coalition conducts 22 airstrikes against Daesh in IraqJordan News Agency
(MENAFN - Jordan News Agency) Coalition military forces in a statement said it had launched 22 airstrikes against Daesh terrorist gang in Iraq during the past 24 hours.The strikes hit tactical units ...

 May 5 2015 - Israeli forces arrest 11 Palestinians in the West BankJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation soldiers on Tuesday arrested 11 Palestinians in the West Bank.Palestinian Interior Ministry said that the occupation forces stormed the towns of ...

 May 5 2015 - Red Cross issues 24 travel documents for Syrian refugeesJordan News Agency
(MENAFN - Jordan News Agency) A total of 24 travel documents were issued recently by the International Committee of the Red Cross (ICRC) to Syrian refugees in Jordan who were granted resettlement ...

 May 5 2015 - 7th Jordan AFAQ Economic Forum to be held in Amman next TuesdayJordan News Agency
(MENAFN - Jordan News Agency) The 7th Jordan AFAQ Economic Forum will be held in Amman next Tuesday with the participation of economic and financial experts as well as companies from 10 nations, ...

 May 5 2015 - TAG signs two agreements to promote Italian languageJordan News Agency
(MENAFN - Jordan News Agency) The Talal Abu Ghazaleh (TAG) organization and the Italian Embassy in Jordan signed a cooperation agreement Tuesday to promote the Italian culture and language.Under the ...

 May 5 2015 - IMF expects 3.8% GDP growth in Jordan in 2015Jordan News Agency
(MENAFN - Jordan News Agency) The Regional Economic Outlook Update, released Tuesday in Dubai, projected that Jordan's Gross Domestic Product (GDP) will grow by 3.8 per cent this year and 4.5 per ...

 May 5 2015 - Specialized training course on ethical hacking concludes at RSS in JordanJordan News Agency
(MENAFN - Jordan News Agency) A specialized training course entitled "Certified Ethical Hacking" concluded at the Royal Scientific Society (RSS) Tuesday.The training course, which was held by the ...

 May 5 2015 - UNFPA calls to enhance quality of midwives servicesJordan News Agency
(MENAFN - Jordan News Agency) The Executive Director of the United Nations Population Fund (UNFPA), Babatunde Osotimehin, called for greater investments to increase the number of midwives and enhance ...

 May 5 2015 - VOL 1 - Companies need to balance expectations of all stakeholders: Bharat WakluKNN India
(MENAFN - KNN India) Today's companies need to balance needs, expectations and aspirations of all stakeholders. They should also have a mechanism by which if there is a tie between the expectations ...

more...


 






Google

Internatinal Property Show

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help