AFS appoints new chairman
Manama, May 20, 2014
Arab Financial Services (AFS), a leading provider of electronic payment and consumer finance outsourcing services in the region, has appointed Arab Banking Corporation’s executive vice president and group chief operating officer Sael Al Waary as its chairman of the board.
Al Waary brings with him more than 33 years of banking, leadership and management experience garnered from the many senior positions he has held at ABC in both London and Bahrain, said a statement.
At the recent AFS Annual General Meeting, the shareholders elected the new board which included three new members: Zahid Hummusani (deputy chairman), Maher Kaddoura and Simona Bishouty.
Hummusani, who comes with more than 25 years of banking experience, is the executive vice president and the head of retail risk and collections at National Commercial Bank, Saudi Arabia. He is also a board member of Simah (Saudi Credit Bureau).
Kaddoura is an independent management consultant, a serial entrepreneur, angel investor, and a visionary social entrepreneur. Upon his retirement as the managing partner of Accenture in the Middle East, he established a portfolio of professional services firms and a private fund for investing in both start-ups as well as SMEs with a growth potential.
Meanwhile, Bishouty is the CEO and managing director of Arab Banking Corporation Jordan and has more than 30 years of experience in banking. She is also the chairman of Arab Co-operation for Financial Investments Co and a member of the Board of the International Women Forum (Jordan).
AFS provides services to more than 60 banks and financial institutions. The range of services offered by AFS include credit, debit and prepaid card management, ATM and point of sale management, fraud management, card personalisation, contact centre, loyalty management, and analytics and back-office services.
It is certified by Visa, MasterCard, ISO9001, ISO22301 (Business Continuity Management) and PCI DSS (Payment Card Industry Data Security Standards). - TradeArabia News Service