2 RA­NIA MAH­MOUD NASHAR

Forbes Middle East - - LULU FINANCIAL GROUP -

Ti­tle: CEO

Com­pany: Samba Fi­nan­cial Group

Coun­try:

Saudi Ara­bia

Sec­tor: Bank­ing and Fi­nan­cial Ser­vices

Ra­nia Nashar is the first fe­male CEO of a Saudi com­mer­cial bank. With $61.3 bil­lion in as­sets, Samba Fi­nan­cial Group is the third big­gest bank in the king­dom. The lender was ini­tially a joint ven­ture be­tween the Saudi govern­ment and Amer­i­can ma­jor Citi, but the lat­ter di­vested their stake in 2004. A bank­ing vet­eran, Nashar pre­vi­ously served as a board mem­ber for Samba's global mar­kets sub­sidiary and has over 20 years of ex­pe­ri­ence in the com­mer­cial bank­ing sec­tor.

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