Al-Sudairy new CEO of NBK Wealth Management

Musaad Al-Sudairy
Updated 04 November 2018

Al-Sudairy new CEO of NBK Wealth Management

The board of NBK Wealth Management has announced the appointment of Musaad Al-Sudairy as the chief executive officer of NBK Wealth Management, a subsidiary of NBK Group.
“We are delighted that Musaad has been appointed CEO of NBK Wealth Management,” said Tariq bin Mutlaq Al-Mutlaq, chairman of NBK Wealth Management. “He joined our team in April 2018 and has already been instrumental in leading the launch of NBK Wealth Management’s activities in the Saudi market. We confidently look forward to reaping the benefits of his wealth of expertise and proven track record in the Kingdom’s banking and investment sector.”
Last year, NBK Wealth Management received approval from the Capital Markets Authority of Saudi Arabia (CMA) to operate in the local securities sector after it successfully fulfilled all regulatory requirements. The company is now licensed to offer investment funds management, discretionary portfolios management, deal arranging, advisory services, and custody arrangements.
“I am honored to be at the helm of NBK Wealth Management as we embark on our journey in the Saudi market with a commitment to utilizing the unique technical and financial capabilities of our dedicated professional team to offer our customers a wide array of superior services and unique opportunities,” said Al-Sudairy. “We consider Saudi Arabia as a highly promising growth market and a key element in our strategic expansion plan aimed at increasing our network to three branches in Riyadh, Jeddah and Dammam.”
Al-Sudairy worked at Investcorp, where he was covering the Riyadh market and was responsible for placement and managing key relationships. Prior to Investcorp, he was heading investment banking in Audi Capital after leading a team in the wealth management department. Al-Sudairy started his career at SABB handling corporate relationships in the corporate banking department, where he progressed from an assistant relationship manager to an acting team leader.
Al-Sudairy holds a bachelor’s degree in finance from King Fahad University of Petroleum and Minerals and an MBA from Manchester Business School.
NBK enjoys one of the highest ratings among all banks in the Middle East from the three international rating agencies — Standard & Poor’s (S&P), Moody’s, and Fitch Group.

Al-Habtoor receives members of Dubai Police’s Esaad

Updated 15 January 2019

Al-Habtoor receives members of Dubai Police’s Esaad

Khalaf Al-Habtoor, founding chairman of the Al-Habtoor Group, received a delegation from the Dubai Police Esaad Program Committee at the Al-Habtoor Group head office on Monday. Mona Al-Ameri, head of the happiness committee, Dubai Police, thanked Al-Habtoor for his continuous support for the Dubai Police employee happiness initiative and presented the Al-Habtoor Group chairman, and Vice Chairman and CEO Mohammed Al-Habtoor with their personalized Esaad cards.

Dubai Police representatives included Masoud Ibrahim Alhammad, Khalid Alsuwaidi, Ahmed bin Ghafan, Ibrahim Alblooshi, Salah Amin, Mohammed Shoaib Albalooshi, Gaafar Salim, Sayed Ibrahim, Abdullah Haidarah, Hasan Saleh, Thureya Balhoul, Waheeda Abbas, Waheeda Abdulqadir, Mariyam Saeed Abdulhakeem, Khalil Ibrahim Ali and Mahmood Ibrahim. Also present was Abdul Salam Marzooqi, director of UAE affairs and community relations, Al-Habtoor Group.

Khalaf Al-Habtoor said: “I am happy to collaborate with the Dubai Police in their Esaad program and be able to show our men and women in the Dubai Police corps our appreciation for their commitment to our safety.

“Dubai’s appeal as an investment haven is in its stability, and that is largely due to the safety and security the Dubai Police provides. I commend them for their continued service to our community.”

Al-Habtoor called for the private sector to work closely with the public sector and commended the Esaad program committee for their efforts to reward employees for their performance, commitment and dedication to the job. 

Al-Ameri, head of the happiness committee, thanked Al-Habtoor for the warm welcome and gave a detailed brief about the Esaad card and its uses across various sectors including: Education, tourism, hospitality, aviation, entertainment and leisure, real estate and retail.

She said: “The Esaad card is trusted by the civil servants in Dubai and the UAE. The number of Esaad cardholders is currently at 108,498 employees from 128 governmental and semi-governmental departments.”

Al-Ameri commended the Al-Habtoor Group for its continuous support for community activities, noting that the Esaad program is an innovative program designed to achieve happiness in the community.

Al-Habtoor Group joined the Esaad program in October 2017 offering Dubai Police staff extended benefits and discounts at Habtoor Hospitality and Real Estate properties, including hotels, restaurant, leisure and entertainment facilities in the UAE and abroad. Dubai Police staff are offered a 50 percent discount at Al-Habtoor Group hotels in Dubai and internationally, as well as a 20 percent reduction at the group’s leisure and entertainment facilities. It also includes special rates on the new apartments at Al-Habtoor City Residence Collection.