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NBK's Board elects Nasser Al-Sayer as Chairman, Ghassan Al-Khalid as Vice Chairman

August 19, 2014

In its meeting held today, the Board of Directors of National Bank of Kuwait (NBK) 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. The Reserve Member Emad Mohammad Abdul Rahman Al-Bahar joined the Board of Directors.

"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 H.H. the Crown Prince and a member of the Supreme Council for Economic Development and Reform chaired by H.E. 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 has been a member of the Board of Directors of NBK since 1987. 

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Source: CPI Financial

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