National Bank of Fujairah appoints new Deputy Chairperson

Raja Al Gurg, Vice Chairperson and Managing Director of the Easa Saleh Al Gurg Group (ESAG), as the new Deputy Chairperson of its board

National Bank of Fujairah appoints new Deputy Chairperson

National Bank of Fujairah (NBF) PJSC, today announced that it has appointed Dr. Raja Al Gurg, Vice Chairperson and Managing Director of the Easa Saleh Al Gurg Group (ESAG), as the new Deputy Chairperson of its board. Dr. Raja Al Gurg will be taking over the role of her father, His Excellency Easa Saleh Al Gurg, and will be working closely with the bank’s Board of Directors in providing effective governance over the bank’s affairs and overseeing the organisational strategy, principal policies, risk appetites, senior appointments and the supervision and remuneration of the senior executives.

Commenting on this new appointment, His Highness Sheikh Saleh Bin Mohamad Al Sharqi, Chairman of National Bank of Fujairah said: “We are delighted to welcome Dr. Raja Al Gurg to her new role and are proud to have someone with her caliber join our board of directors. Her impeccable success in leading multiple entities across the UAE coupled with her business minded approach and deep understanding of UAE’s economy makes her an excellent successor for this role. At NBF, we have always championed the pivotal role Emirati women are playing in driving business community forward and will continue to recognise their contribution as indispensable to our own growth journey.”

A leading businesswoman in her own right, Dr. Raja Al Gurg has carved a unique position for herself in the region due to her support and encouragement of women entrepreneurs. She is the President of Dubai Business Women Council and Board member of the Dubai Chamber Of Commerce & Industry (DCCI) and Dubai Women’s Association. She is also Vice Chairperson, Board of Trustees, for the Mohammad Bin Rashid University of Medicine and Health Sciences, a member of the Board of Governors of the Hamdan Bin Mohammed Smart University and Chairperson of the Board of Directors of Al Jalila Foundation. Dr Al Gurg is also on the Board of Trustees for the Mohammed Bin Rashid Al Maktoum Global Initiatives - one of the largest developments and community foundations in the Middle East.

She was the first Emirati woman on the board of HSBC Bank Middle East Limited and is also on the advisory board of Coutts Bank, the wealth division of the Royal Bank of Scotland Group. She is ranked first in the 2020 listing of Forbes Middle East's ‘100 Power

Businesswomen in the Middle East’ and was listed 84th among ‘The World’s 100 Most Powerful Women’ by Forbes for 2019. Dr Al Gurg has featured in the top ranking of multiple Forbes listings in the past decade besides receiving accolades from several global organisations.

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About National Bank of Fujairah PJSC:

Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari’a compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals.

NBF’s key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody’s and BBB+ / A-2 by Standard & Poor’s, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol “NBF”. It has a branch network of 19 (of which 2 are an electronic banking service units) across the UAE.

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