FaceOf: Rania Nashar, CEO of Samba Financial Group

Updated 28 October 2018
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FaceOf: Rania Nashar, CEO of Samba Financial Group

  • Rania Nashar is the first female chief executive of a listed Saudi commercial bank
  • She was among another six Saudi women on the Forbes Middle East’s Most Influential Women list this year

Rania Nashar has been CEO of Samba Financial Group since February 2017, leading Saudi Arabia’s third-largest financial institution. 

She is the first Saudi female to hold this position at Samba Financial Group and the first female chief executive of a listed Saudi commercial bank.

She has more than two decades of experience in the banking sector. Previously she was chief audit executive at Samba Financial Group for two years and five months, and head of compliance for five years and eight months, as well as holding other positions.

Nashar’s contribution to Samba Financial Group includes working on its merger with United Saudi Bank and overseeing the development of its digital services, as well as helping the bank’s transition to a fully Saudi institution after Citibank’s decision to withdraw its management agreement in 2003.

As head compliance officer, she led major projects including building a centralized regulatory compliance department and developing company-wide anti-money laundering strategies.

She was among another six Saudi women on the Forbes Middle East’s Most Influential Women list this year.

Nashar has a bachelor’s degree in computer science and information technology from King Saud University, Riyadh, and graduated in 1997.

Speaking at the Future Investment Initiative in Riyadh, she said: “We are embracing digitization and making it part of every business unit. Today customers are using mobiles and are comparing banks to tech-driven services – they want banking but they don’t want banks.”


King Salman convenes summit of Gulf and Arab states

Updated 20 min 54 sec ago
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King Salman convenes summit of Gulf and Arab states

  • Meeting will be held in conjunction with the Islamic Summit

RIYADH: Saudi Arabia's King Salman has called for the convening of two summits of Gulf and Arab states to be held on May 30 in Makkah.

The meeting will be held in conjunction with the upcoming Islamic Summit.

According to a Ministry of Foreign Affairs statement, King Salman has sent an invitation to the leaders of the Gulf Cooperation Council (GCC) countries and leaders of other Arab countries to two summits to discuss the recent attacks by the Iranian-backed Houthis in the UAE and on Saudi Arabia's oil pipelines and their repercussions on the region. 

“The attack on ships in the territorial waters of the United Arab Emirates and the terrorist-backed Iran-backed Houthi militias’ attack on two oil pumping stations in the Kingdom have serious implications for regional and international peace and security and for the supply and stability of world oil markets,” the foreign ministry said in a statement carried by the Saudi Press Agency.