Kuwait : BOARD of NATIONAL BANK OF KUWAIT elects NASEER MUSAED AL-SAYER as the new chairman of the group [TendersInfo (India)]
(TendersInfo (India) Via Acquire Media NewsEdge) Board of National Bank of Kuwait (NBK) elected Nasser Musaed Al-Sayer as the new chairman of the group, replacing long-serving chairman Mohammad Abdul Rahman Al-Bahar, who died earlier this month.
Earlier, Al-Sayer served as NBK s vice chairman and has also served as a member in governmental bodies like the Supreme Advisory Council and the Supreme Council for Economic Development and Reform. He was also a board member of the Kuwait Fund for Arab Economic Development. He will continue to serve on the board of the Kuwait Banking Association, which he chaired between 1999 and 2006.
Also, the bank has appointed Ghassan Ahmed Saoud Al-Khalid as the new vice chairman, while reserve member Emad Mohammad Abdul Rahman Al-Bahar joined the board of directors.
Al-Sayer said, NBK will continue with its current strategy that was developed under the leadership of the late Mohammad Al-Bahar. Al-Bahar was one of the founders of NBK in 1952. Since he joined the board of directors in 1959 and was appointed as chairman in 1993, he had played a major role in transforming the bank into one of the leading institutions in the Arab world.
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