Latest news with #ShaikhaAlBahar
Khaleej Times
20-05-2025
- Business
- Khaleej Times
First Abu Dhabi Bank CEO ranked most powerful businesswoman in GCC
Hana Al Rostamani, Group CEO at First Abu Dhabi Bank, has been ranked as the most powerful woman in business in the GCC, according to Fortune magazine's latest list. Along with Al Rostamani, who is ranked 76th on the global list, Shaikha Al-Bahar, Deputy Group Chief Executive Officer at National Bank of Kuwait, ranked 92nd. The duo feature in Fortune's 2025 edition of the Most Powerful Women in Business list. The 28th edition of the list honours 100 female leaders from the global business landscape — spotlighting those who hold power now and those on the rise to even greater influence. This year's iteration features 52 women from the US and 48 from other countries — eight from China; seven each from France and the UK; three each from Germany, Singapore, and Brazil; two each from Australia, Hong Kong, Japan, and Spain, and one each from the UAE and Kuwait. As the Group CEO of the UAE's largest lender – a bank with roughly $330 billion in assets – Al Rostamani is currently the only female chief executive of a publicly listed corporation in the UAE. She serves on several boards, including the Institute of International Finance, the US-UAE Business Council, and Buna, the Arab Monetary Fund's cross-border payment system. Al-Bahar was named Deputy Group CEO of the National Bank of Kuwait in 2014 after joining the institution in 1977. She is chair of the National Bank of Kuwait-France and the National Bank of Kuwait-Egypt as well as a board member with National Bank of Kuwait (International), the bank's UK subsidiary. Al-Bahar is credited with launching NBK RISE, a programme designed to empower women leaders and prepare them for senior leadership roles. With over $135 billion in total assets at the end of March 2025, the National Bank of Kuwait is one of the largest financial institutions in the country and one of the leading banks in the region. The list, compiled by Fortune editors is based on company size and health, as well as an executive's career trajectory, influence, innovation, and efforts to make business better. More than 50 women currently lead Fortune 500 companies, yet only 20 made this year's list — a testament to how increasingly competitive the ranking has become. 'In its 28th year, this iconic list of powerful women includes almost half from outside of the US, reminding us that the impact of women is being seen globally,' said Alyson Shontell, Fortune editor in chief and chief content officer. 'These are women transforming business today and preparing for a future during a time of tumult and uncertainty.' There are 16 newcomers, including Costco's chief operator and merchant Claudine Adamo (No. 43), helping millions of Americans navigate inflation by keeping prices low on essentials, and next-gen execs such as Julie Gao, CFO of ByteDance (No. 81), steering the TikTok owner's finances through its tangles with the US government. The top 10 Most Powerful Women in Business 2025 are: 1. Mary Barra, Chair and CEO, GM (US) 2. Julie Sweet, Chair and CEO, Accenture (US) 3. Jane Fraser, CEO, Citigroup (US) 4. Lisa Su, Chair and CEO, AMD (US) 5. Ana Botín, Executive Chairman, Banco Santander (Spain) 6. Tan Su Shan, Deputy CEO and Group Head of Institutional Banking, DBS Group (Singapore) 7. Thasunda Brown Duckett, President and CEO, TIAA (US) 8. Marta Ortega, Chairperson, Inditex (Spain) 9. Abigail Johnson, Chairman and CEO, Fidelity Investments (US) 10. Meng Wanzhou, Deputy Chairwoman, Rotating Chairwoman, and CFO, Huawei (China) 'This definitive ranking of the women at the top of the global business world…tells us both who wields power today and who is poised to climb even higher tomorrow,' writes Emma Hinchliffe, Fortune senior writer, author of Most Powerful Women Daily newsletter, and editor of the 100 Most Powerful Women in Business list of 2025.
Arab News
20-05-2025
- Business
- Arab News
Fortune reveals 100 Most Powerful Women in Business list for 2025
DUBAI: Fortune has announced the 2025 Most Powerful Women in Business list, featuring 100 leading businesswomen from sectors including finance, tech, healthcare, telecom, retail and energy. Its publication coincides with Fortune's inaugural Most Powerful Women International conference which is taking place in Riyadh on May 20-21. This year's edition of the list features 51 women from the US and 49 from other countries, including one each from the UAE and Kuwait. Hana Al-Rostamani, group CEO of First Abu Dhabi Bank, comes in at No. 76. She is currently the only female chief executive of a publicly listed corporation in the UAE, and serves on several boards, including the Institute of International Finance, the US-UAE Business Council, and the Arab Monetary Fund's cross-border payment system Buna. Shaikha Al-Bahar, deputy group CEO at the National Bank of Kuwait, features at No. 92. She has risen through the ranks since joining the bank in 1977 and was appointed to her current role in 2014. Al-Bahar is the only woman on NBK's executive management team. She is also chair of the National Bank of Kuwait France, and the National Bank of Kuwait Egypt, as well as a board member of the bank's UK subsidiary. 'The rise of women as CEOs is continuing, which is great,' said Alyson Shontell, editor-in-chief and chief content officer of Fortune. She told Arab News: 'There have been some years we've been doing the list where it has taken a step back. (But) this year, 11 percent of Fortune 500 (companies are) run by women, and that's the highest it has ever been.' There are several studies showing the correlation between 'diversity of thought and background' in leadership ranks and the financial outcome of a company, and so, 'we track it, and we track the progress (in) the hopes of making business better,' Shontell added. Mary Barra, CEO of @GM and No.1 on the 2025 #FortuneMPW list, shares what power means to her. — FORTUNE (@FortuneMagazine) May 20, 2025 The top 10 Most Powerful Women in Business 2025 are: 1. Mary Barra, chair and CEO, General Motors. 2. Julie Sweet, chair and CEO, Accenture. 3. Jane Fraser, CEO, Citigroup. 4. Lisa Su, chair and CEO, AMD. 5. Ana Botin, executive chairman, Banco Santander. 6. Tan Su Shan, deputy CEO and group head of institutional banking, DBS Group. 7. Thasunda Brown Duckett, president and CEO, TIAA. 8. Marta Ortega, chairperson, Inditex. 9. Abigail Johnson, chairman and CEO, Fidelity Investments. 10. Meng Wanzhou, deputy chairwoman, rotating chairwoman, and chief financial officer, Huawei. Compiled by Fortune editors, the list is based on several factors such as company size and health, as well as an executive's career trajectory, influence, innovation, and efforts to make business better. The full list can be found here.
Zawya
18-05-2025
- Business
- Zawya
NBK Wealth Group relocates to its new London office
NBK Wealth Group has announced the completion of its newly refurbished office within NBK International building dedicated to providing an elevated experience for its wealth management clients. and reaffirming the Group's ongoing commitment to enhancing the client experience and delivering exceptional standards in wealth management. The official opening ceremony was attended by Mr. Isam Al-Sager, Vice-Chairman and Group Chief Executive Officer; Ms. Shaikha Al-Bahar, Deputy Group Chief Executive Officer; Mr. Malek Khalifa, CEO of NBK Wealth Global Private Banking and Switzerland, Mr. Omar Bouhadiba, CEO of International Banking Group at NBK, and Mr. Bassem Boustany, the Managing Director of National Bank of Kuwait, London (NBK International). This move underscores NBK Wealth's unwavering commitment to providing exceptional wealth management services to its clients, providing them with seamless access to its products and services. The new office, situated within NBK's London building, offers enhanced client meeting spaces and upgraded technological infrastructure. This investment in a modern and accessible environment will further enable the NBK Wealth team in London to deliver tailored financial solutions and personalized support to meet the evolving needs of its valued clientele. NBK Wealth remains dedicated to fostering strong relationships with its clients. In addition to its selective range of banking products, the London office offers residential and commercial real estate finance to our esteemed clients who are seeking property investments in the UK guiding them through the financing process. Knowing the importance of preservation of family wealth and planning, our dedicated team of Trust professionals in London can assist clients with their succession planning requirements to ensure a secure and seamless transition of wealth to future generations. NBK Wealth remains steadfast in its dedication to fostering strong relationships with its clients in Kuwait and KSA. This investment in a dedicated and upgraded space within the London office will further strengthen NBK Wealth's ability to deliver tailored wealth management solutions. All existing contact details, including phone numbers and email addresses, will remain the same, ensuring a smooth transition for clients. NBK Wealth is one of the pillars of NBK Group and a pioneer wealth management group in the Middle East, as the value of its assets under management exceeds US$ 41bn Personal Financial Assets as of the end of 2024. It enjoys a wide geographical presence that extends over 9 cities in 5 different countries, in which it provides a comprehensive package of products, including private banking services, financial planning, asset management, and advisory services. NBK Wealth follows a specialized solution-based approach that suits the individual needs of its clients as per their unique goals, whether that of ultra-high-net-worth individuals and institutions. NBK Wealth is a brand registered under the name of National Bank of Kuwait S.A.K.P ('NBK'), for use by the Asset Management business of, among other NBK group entities, Watani Investment Company K.S.C.C. , a leading investment firm and its affiliates worldwide, combined with the Private Banking services of NBK worldwide, which is one of the largest and oldest financial institutions in the region.
Zawya
18-02-2025
- Business
- Zawya
NBK-Egypt logs profits in 2024
Cairo: National Bank of Kuwait - Egypt (NBK-Egypt) logged net profits worth EGP 7.30 billion (KWD 51.90 million ) in 2024, an annual leap of 81% from EGP 4.02 billion (KWD 41.40 million). Net operating income stood at EGP 13.50 billion by the end of 2024, marking a 57% year-on-year (YoY) surge from EGP 8.70 billion, as per the financial results. Moreover, the net interest income hiked by 66% YoY to EGP 11.60 billion in 2024 from EGP 7 billion. Total assets amounted to EGP 196 billion as of 31 December 2024, higher by 50% YoY than EGP 131 billion. Customer deposits jumped by 51% to EGP 160 billion from EGP 106 billion. Shaikha Al Bahar, Chairman of NBK-Egypt, commented: 'We are committed to enhancing service quality, expanding our geographical presence, and reaching a more diverse customer base. This comes amid the rising demand for banking services and the increasing momentum of financial inclusion.' Meanwhile, the Vice Chairman, CEO, and Managing Director of NBK-Egypt, Yasser El-Tayeb, said: 'The bank's strong financial performance at the end of 2024 surpassed expectations and targets, despite challenges and exceptional circumstances affecting the business environment both locally and globally.' At the end of September 2024, NBK-Egypt recorded 101% YoY higher net profits at EGP 5.20 billion, compared to EGP 2.60 billion.
