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Nasser Al-Sayer named new NBK chairman

Kuwait, August 19, 2014

The board of directors of National Bank of Kuwait (NBK) has elected Nasser Musaed Al-Sayer as the chairman of NBK Group following the demise of the long-serving chairman Mohammad Abdul Rahman Al-Bahar.

The board also elected Ghassan Ahmed Saoud Al-Khalid as the vice chairman. Reserve member Emad Mohammad Abdul Rahman Al-Bahar has joined the board, a statement said.

“NBK will continue with its current strategy that was developed under the leadership of the late Mohammad Al-Bahar,” said Al-Sayer. “Al-Bahar was one of the founders of NBK in 1952. Since he joined the board of directors in 1959 and was appointed as a chairman in 1993, he had played a major role in transforming the bank into one of the leading institutions in the Arab world.”   

Prior to his election as chairman, Al-Sayer had been the vice chairman of NBK since 1993 and a board member since 1980. He has also been a distinguished member in various governmental councils and economic committees.  He is a Board member of the Kuwait Banking Association since 1999, and had chaired it between 1999 and 2006.

Previously, he was a member of the Supreme Advisory Council chaired by HH the Crown Prince and a member of the Supreme Council for Economic Development and Reform chaired by HE the Prime Minister. Al-Sayer was also a member of the board of directors of the Kuwait Fund for Arab Economic Development.

Ghassan Al-Khalid is a member of the board of directors of NBK since 1987. He is a member of several board committees and enjoys extensive experience in banking industry, the statement said.  - TradeArabia News Service




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