Al Bilad newspaper An exclusive source for “Al-Bilad”: “NBB” is moving to choose a woman to head the bank’s board of directors – 2024-03-07 05:59:04

“Al-Bilad” learned from private sources that the National Bank of Bahrain is intending to assign the task of chairing the bank’s board of directors to a woman from the well-known commercial houses in Bahrain, who has a long history in banking work, after Farouk Al-Moayad announced that he will not run for a new presidential term, and if she is appointed, she will be the first. A woman holds the presidency of the bank’s board and is the third in the history of Bahraini banks after Sheikha Hessa bin Khalifa Al Khalifa, who chaired the Board of Directors of Al Salam Bank between 2012 and 2018, and Sabah Khalil Al Moayyed, who currently chairs Al Baraka Islamic Bank.

The Bahraini banking sector pays special attention to Bahraini women, as the percentage of women working in the Bahraini banking sector reached more than 40%, while the percentage of Bahraini women holding administrative positions, according to the Central Bank, reached 34.2% of the total administrative positions held by Bahrainis working in the financial sector at the end of 2017. 2022. In addition, the percentage of Bahraini women’s membership in the boards of directors of Bahraini banks is 19%. These numbers are considered high compared to neighboring countries and are likely to increase in the coming years.

It is worth noting that the National Bank of Bahrain was established in 1957 as the first national bank owned by local shareholders and as a Bahraini brand. The percentage of Bahrainization in it reached approximately 93%, and it is considered one of the strongest shareholders in the Bahraini banking sector, which in turn enhances and supports the national economy.

Al-Bilad newspaper alerts various profitable electronic news platforms to the need to be careful, as stipulated in the law concerned with protecting intellectual property rights, regarding the illegality of transferring or quoting the content of this journalistic material, even if the source is indicated.