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 launches restoration program for Tarif historical district

Updated 16 min 43 sec ago
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King Salman launches restoration program for Tarif historical district

JEDDAH: King Salman patronized on Sunday the inaugural ceremony for the restoration of the Tarif historical district in the presence of leaders, presidents, and delegations from Gulf Cooperation Council (GCC) countries.

The program aims at the development of the ancient historical city so as to transform it into an international tourist and cultural hub. It also aims to list it among the world heritage sites.

In a speech delivered during this ceremony, Prince Faisal bin Bandar, Governor of Riyadh region, thanked King Salman for his support of the program, which coincides with the fourth anniversary of the king’s ascension to the throne.