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New board members have extensive experience in economics, banking, and investments
NBK is always committed to upholding the best practices in corporate governance
Dr. Robert Maroun Eid and Dr. Nasser Al-Saidi were elected by National Bank of Kuwait’s Annual General Assembly (AGM) as independent members for the remainder of the membership term of the current session of the Board.
The appointment of the new independent board members is part of the bank’s compliance with corporate governance regulations issued by the Central Bank of Kuwait (CBK) and its amendments introduced to the formation of boards of directors and sub-committees.
Dr. Eid and Dr. Al- Saidi have outstanding academic and professional expertise based on years of experience in leading regional and international financial institutions.
Dr. Robert Eid
Dr. Eid has over 40 years experience in the financial industry. He held numerous positions at the National Bank of Kuwait and the Arab National Bank (ANB) KSA, as well as other financial institutions. He held many executive positions in a number of leading financial institutions including Saudi Home Loans Company, Arab National Investment Company, MetLife AIG & ANB Cooperative Insurance Company.
He served as Managing Director and CEO of Arab National Bank - KSA from 2005 to 2021, and as Managing Director and CEO of National Bank of Kuwait (International) plc – London from 1995 to 2005.
Dr. Eid holds a PhD degree in Money and Banking from the Sorbonne University in Paris, having read Economics at the American University of Beirut.
Dr. Eid won the “World Finance” award of “Best Banker in the Middle East” for the year 2016.
Dr. Nasser Al-Saidi
Dr. Al-Saidi has vast experience in macroeconomics, banking, and investments. He held many executive positions at various financial institutions in several Arab countries and in Europe. He worked as a professor of economics at the University of Chicago and the Graduate Institute in Geneva, Switzerland. He was also a lecturer at the American University of Beirut and Saint Joseph University in Lebanon.
Throughout his tenure, Dr. Saidi held several key positions. He served as the Minister of Economy, Trade and Industry in Lebanon from 1998 to 2000 and the First Vice Governor of Banque du Liban (Central Bank of Lebanon) from 1993 to 2003.
He also was a Member of UN Committee for Development Policy (UNCDP) from 2005 to 2006, and the Chief Advisor to the Minister of Finance - UAE from 2005 to 2006 and the Chief Economists & Strategist and Head of External Relations for Dubai International Financial Center (DIFC) from 2006 to 2012. He also served as the Executive Director of the Hawkamah Institute for Corporate Governance and Mudara Institute of Directors from 2006 to 2012.
Since 2013, Dr. Al-Saidi has served as a member of the advisory board of the Official Financial and Monetary Institutions Forum (OFMIF). He has also been a member of the Regional Advisory Group of the International Monetary Fund (IMF) since 2009.
Al-Saidi holds a PhD and a master’s degree from the University of Rochester in USA. He also obtained a master's degree in economics from the University of London in the UK.
NBK is committed to supporting the best governance practices through setting forth a clear and sound Corporate Governance framework aimed at enhancing accountability and the evaluation processes, including the oversight over the responsibilities of members of the Board of Directors and its sub-committees in line with the best international practices to ensure consistency with the highest possible standard for ethical behavior across the bank and its subsidiaries. NBK also continuously strives to adhere to the highest levels of transparency and disclosure, in addition to its diligent efforts to achieve sustainability.
© Press Release 2021
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